From a novice in the cryptocurrency world to achieving some success, my real insights
In 2017, I first came into contact with cryptocurrency. To be honest, I didn't understand anything at the time, I just heard people around me say "buy and you can double your money," so I jumped right in. As a result, I operated with the ferocity of a tiger, only to find I earned two dimes and five cents.
At the beginning: novice-style operations
Initially, I was a typical new investor: seeing others buy, I followed suit;
Hearing that a certain coin would skyrocket, I immediately went all in;
The result was that I was almost always left standing on the peak.
At that time, I had no concept, thinking that it was either overnight wealth or overnight zero. Soon, my principal was halved, and my mindset completely collapsed.
Turning point: starting to learn
After a liquidation, I asked myself: "Why can others make money while I keep losing?"
So I began to change:
Learn the basics: understand spot trading, contracts, and stop-loss and take-profit strategies.
Keep records: write down each transaction, analyze right and wrong, and realize I was always chasing highs and cutting losses.
Control positions: no longer going all in, but entering and exiting in batches, leaving some room.
Gradually, I started to lose less, and my mindset stabilized.
In 2020, the bull market arrived, and I no longer operated blindly, but bought mainstream coins BTC and ETH in batches, daring to hold and take profits. Although I encountered significant drops along the way, I learned to judge based on the overall environment. That wave of market conditions allowed me to earn my first bucket of gold in life.
My insights:
Don't fantasize about overnight wealth: the crypto world is fast, but it can also go to zero overnight. Mindset is more important than technique.
Don't blindly follow trends: news and hype are often the last legs; by the time you see it, it's basically too late.
Know how to take profits and cut losses: profits should be pocketed, losses should be acknowledged, don’t stubbornly hold on.
Keep learning and reviewing: trends come and go quickly, only by continuously learning can you avoid being eliminated.
Sister Fei is not a big player in the crypto world, just a small trader who has stumbled and gradually accumulated experience. Surviving is not about luck, but about mindset, learning, and execution.
A word for beginners: first learn not to lose money, then learn how to make money.
This is the true way to survive in the cryptocurrency world.
If you also want a slice of the pie in the crypto world and want to learn more ways to make money, you can pay more attention to Sister Fei!🔥🔥🔥
