The world is bustling with people, all for profit; the world is moving, all for profit! Hello everyone, I am your friend Dian Wei Talking about Coins, focusing on digital currency market analysis, striving to deliver the most valuable currency market information to the majority of coin friends, welcome the attention and likes of the majority of coin friends, and reject any market smoke bombs!
In the final analysis, in the cryptocurrency world, if you want to survive and make money in this market, you need to work hard enough to improve your own cognition. This is the only way.
We ordinary people have to choose our majors at an age when we don’t understand much about work, we have to choose our jobs at an age when we don’t understand much about society, and we have to choose our partners when we don’t understand much about family. We make decisions that affect our lives either ourselves or our parents help us make them when we don’t have the decision-making ability.
Parents are the starting point of a person's life. Life is full of crossroads. If there is no noble person to guide us at the critical crossroads, one wrong step will lead to many wrong steps.
I have been working in the cryptocurrency circle for many years and have summed up many classic quotes. I hope they will be helpful to both new and old investors.
First, don’t hold on to a position. The profits you make from holding on will sooner or later be returned to the market because of “holding on”.
Second, don’t guess the top or bottom. The profits from guessing will sooner or later be returned to the market because of “guessing”.
Third, don’t guess the top or bottom, because it may still be halfway up the mountain.
Fourth, don’t rely heavily on news, because that is just “guessing” the top and bottom.
Fifth, don’t leave the market easily when you are profitable, because you may be halfway up the mountain.
Sixth, don’t get excited when you see big negative or positive lines, because they may be a “performance” by the market makers for the investors.
Seventh, don’t think that the market you see is the last wave and rush into it recklessly; as long as your principal is still there, there will be markets every day.
Eighth, do not trade frequently. Not only will it make you lose your direction and increase the chance of making mistakes, it will also increase transaction costs, which will not be worth the cost.
Ninth, don’t make orders against the trend. If you are right, hold on to it. If you are wrong, run away quickly.
Tenth, don’t buy at a low price, and don’t sell at a high price. Don’t act rashly until the trend changes.
Eleventh, don’t treat trading as your main business and don’t stare at the market. The time you spend staring at the market is inversely proportional to your profit.
12. Don’t trust other people’s opinions easily. In the end, you are the only one who can be trusted.
Thirteenth, don’t make big mistakes. Missing out on opportunities is not a big mistake. Making a mistake is not a big mistake as long as you stop loss. Only when you carry out orders with high leverage and eventually sell them at a loss is it a big mistake. No matter how many times you have done it right before, as long as you make a big mistake, all the previous right things will be zero and compound interest will be terminated.
Fourteenth, if you want to gain something in the cryptocurrency circle, you must stay away from people who consume your attention. The proportion of such people is higher among women. If you chat with such people all day long, your time and energy will only be wasted, and you will get nothing in the end.
Fifteenth, if you do not have enough knowledge, you will not be able to make money even if you follow others, because countless facts have proved that the cryptocurrency world changes too fast to keep up.
In any investment market, slow is fast and fast is slow. In the cryptocurrency world, don’t look down on investors with an annual return of 20%. In the cryptocurrency world, those who don’t have a return of dozens of times per year will always be looked down upon.
In fact, it is difficult to make money in the capital market. However, many big Vs who show off their profits every day do a lot of harm to others. Showing off their profits every day makes retail investors feel that it is too easy to make money in the cryptocurrency circle. If you go to the Shanghai Securities Regulatory Commission website and look at the investment yearbook, you will know that 20% every year can instantly kill 95% of investors. It is not an exaggeration to pick a single drop out of a hundred.
After several years of ups and downs in the cryptocurrency circle, I personally feel that the cryptocurrency market is an emerging market and has passed the top bonus period, but the profit rate is still much higher than that of mature investment markets. Only by working harder, reading more books, learning more, thinking more, and reflecting more can the probability of profit increase.
The bonus period of the cryptocurrency market is over, but there are still many opportunities to make money. It requires great cognition, mentality, and luck from the latecomers in the cryptocurrency circle.
Today's leeks can learn from others and improve themselves, but it is impossible to make money by relying on others to copy orders without thinking. You can follow others, learn from those who you think are better than you, learn from others' strengths, and understand others' hype ideas. But if you want to follow completely without learning, this path will not work in any trading market.
