#九月加密市场能否突破？ I am 35 this year, entered the cryptocurrency space in 2019, and when I entered, I borrowed 60,000 as capital. By last year, my assets exceeded eight figures!
In the cryptocurrency space for ten years, trading for six years, over 3100 days. I've tried long-term, short-term, ultra-short, and swing trading; I've basically done every type of trading method, so I have a say on this issue. I've always said that mastering a skill is based on the 10,000-hour rule: 8 hours a day, over 200 days a year for backtesting, which is roughly 5 years. This is just the beginning, the foundation for stable profits. There will definitely be significant pitfalls within ten years, so to be prudent, do not invest more than your capability within that time frame.
Scope. Many experts who have traded from tens of thousands to hundreds of millions just used contracts with very high multiples. The result is that many have perished in a bear market; you just don’t know about it. Human nature, in the face of major trends, often causes people to lose their ability to make correct judgments.
Returning to the main topic, I will share with everyone here:
It's hard to change others in the cryptocurrency trading space, and it's hard to change oneself; but only by changing oneself is there hope! Changing others is hard, changing oneself is hard; but only by changing oneself is there hope. The financial market never has 'what ifs,' only results! If we do not achieve results in cryptocurrency trading, we must have done something wrong; if we can continuously achieve results, we must have done something right, that's all. Our mindset affects our daily behavior, and our daily behavior brings about the final outcome. Losing money is not scary; what's scary is not finding the real cause of the loss, not having the determination to change immediately, which can help us turn losses into profits. Ignoring problems, avoiding problems, and not solving problems directly is the most terrifying thing. Everything has cause and effect; plant good causes, reap good fruits; plant bad causes, reap bad fruits. Our current situation stems from every decision we've made before. Regardless of the outcome, we must bear it; in the adult world, once a choice is made, even if it’s wrong, we must walk through it on our knees. When it comes to the final result affecting each person, can we accept and face it calmly? In the adult world, we should not pretend that the process is very hard, because the final result will not accompany our performance. We must learn to reflect and summarize more in our daily lives, maintain progress on what is good, and change what is bad immediately. Given time, we will all improve. Cryptocurrency trading is the same; we must abandon the mentality of luck, abandon the desire for quick wealth or speculation, and abandon every trade that is beyond our capability and understanding. Before each trade, ask yourself: Do I really understand it? Do I have a solid basis for my trading decision? Have I prepared a strategy, established a risk control system, and can I accept failure, etc.? Truly identifying our own capabilities is an essential element for us to be qualified investors. As long as you want to change, any time is just right!
The essence of trading is: cut losses when wrong, hold on when right.