Tips for newbies entering the cryptocurrency industry

1. Only about 10% of the toilet paper area is used, and the remaining 90% is to prevent your hands from touching feces. The same principle applies to the currency circle. 90% of your wealth is earned in 10% of your time, so it is very important to be dissatisfied with the position. You must be friends with time and use 90% to wait for opportunities. Newbies don't want to be short of a position or feel uncomfortable even with a half position. They have to jump in. I understand this fear of being short. Please raise your hand if you have poked someone. (Not satisfied with the position, wait for the opportunity)

2. Regardless of spot or contract, you must set a stop profit and stop loss. Being able to buy does not mean you are great, but being able to sell is a master. It is obvious that this transaction is profitable, but it cannot defeat greedy human nature, and in the end it is trapped. Haha, that’s what I said. It’s you, I believe everyone has experienced it, this is the charm of stop profit. Then let me talk about stop loss. Setting stop loss is not to allow you to actually stop loss. It is actually to improve your capital utilization. For example, you are trapped in an order, and you are now cutting off a loss of 100u. If you believe that you will turn a loss into a profit over time, if you persist a little longer, then let me tell you, even if you turn a loss into a profit in the future, you will still lose money. You have time costs. Inside, even if you stop the loss, you will invest the funds in the trend with higher returns. Especially in the bull market, you can't get out the same funds in this order. After a week, you finally get out of the trap. In one week, you will earn back 100u of floating losses. But if you stop the loss at that time and use the funds, it is correct. After trading for 1 week, you will get more than just 100u profit. (I don’t care whether you buy it or not, you must learn how to sell)

3. Others have made a fortune by buying something. When you hear the news, you must be afraid of missing out. Haha, the moment you hear the news, it is already too late. If you go in, you will take over the market at a high position, which is a huge risk. (Don’t have foom emotions, stay away from people who give you foom emotions)

4. Don’t have faith in a certain currency. There is nothing wrong with being a scumbag and a green bitch who makes money and then leaves. Identify the trend, make money and leave. Quietly wait for the next trend. Don’t think that if you choose the right trend, pigs can fly. When we, Xiao Jiucai, saw the scenery outside when we took off, the first thing to consider was not how to fly higher, but how to fly safely. Otherwise, if the wind stops and you haven’t left yet, you will be the first to fall to death. It's you.(Stop it when you see it. The currency circle is not about making money faster, but about living longer)

5. Don’t believe in getting rich overnight, but you must believe in the power of compound interest, which is really very powerful. (Everyone knows about the eighth wonder of the world)

6. Don’t use the funds that affect your life to speculate in currencies. I have a little brother who was modest and cautious when he first met me. He sent me a voice message in the middle of the night to ask me some questions about kdj, macd, and ma lines. I gave him some basic knowledge. Foolishly, this guy felt like he had found a treasure, thinking he was invincible and would win, so he opened a large position and made 80,000 yuan for 20,000 yuan in 3 months. I tried to dissuade him many times to no avail. He showed me a screenshot of the profit and said that I was too ambitious to blow up my position. All my ambitions were gone, they said I was too conservative and so on. Would you say it is easy for a college graduate to find a job? After making tens of thousands of yuan in a short period of time, he dared to resign decisively and wanted to be a professional currency speculator. Then on December 4th, the price plummeted. His voice was shaking when he sent me a voice message. The market helped me give this little guy a hard time. class. (Fighting against the odds is not suitable for the currency circle. You should leave at least 1-2 escape routes for yourself before entering this circle.) There are risks in entering the market, so investment must be cautious. #币圈生存 #BTC

It takes three years to enter the industry, five years to master it, and ten years to become the king. Trading is not about getting rich in one go, but about making reasonable profits that can be long-term, stable, sustainable, and highly probable, so that you can continuously obtain wealth. Professionalism creates value and details determine success or failure.

I am the God of Wealth, a veteran in the currency industry, and I only tell the truth. If you are interested in the currency circle and want to get started quickly but feel confused, please follow me and contact me through the homepage. I will provide you with real, valuable advice to help you move forward steadily. Let’s explore, grow and create brilliance in the currency circle together!