I used my early 14 million US dollars, about 100 million yuan of funds to buy back the lessons I learned. I will tell you who are trading now. I have typed out my experience word by word. After reading it, it may change your future trading behavior:
1. If you want to win in trading, staying alive is the first and most important thing. You must always have the principal in your hand. If the principal is gone, you are actually out of the trading market. Many of my early friends left because of this.
2 Remember! Don't play contracts if you can. If you play contracts, don't go all in; my biggest loss is the contract explosion; the black swan of the bull market made my assets return to zero in an instant, and after getting excited, I wanted to make up for the previous profits. I transferred the Bitcoin in the spot account to the contract account. The dog dealer rubbed back and forth, the direction was reversed, and my mentality collapsed. Going all in is really a nightmare. No amount of money is enough to lose. That is the devil that really empties your pockets and your family.
3 You need to learn more about trading. Don't enter the market without a trading foundation. If you really don't learn, it means that you don't have enough knowledge. It is difficult to make money beyond your knowledge. In the past, I thought that I could operate blindly just by looking at a few indicators. If I lost money, I would question whether the indicators were reliable. The more I traded, the more timid I became. The more timid I became, the more money I lost.
4 Copy trading is actually a way for novices to quickly realize cash. A good order-leader can indeed help you make money, but it is of no benefit to your personal trading path except making money;
As long as you continue in this market, there is a possibility of loss, because there are too many uncertain factors, from the world economic cycle, economic crisis, war, to news, market crashes, and network cable unplugging. Nothing is 100%. Learn to diversify your tracks, don't stick to one coin, unless it is Ethereum. The altcoin thing is whether the dealer wants to pull the market, and most of the coins will trap you without negotiation.
5. Don't dream of making 100 million from 10,000. Such legendary stories are rare, just listen to them. It was easy for me to make 10 million in one year with 100 million. Now it seems that one year is actually not a small amount. But the delusion and greed of human nature make you live in desire forever. I used to hear them say that spiritual practice and the like were all bullshit, but now I am more and more convinced of this knowledge, because every word of knowledge has happened to me deeply enough!
6. Don't blindly worship big Vs and gods. Most traders make money by luck and eat according to the market, but in the second or third year, they often lose it back by their own strength.This is the true portrayal of many cryptocurrency traders. Unless you make money and leave the market.
7. After making money by luck, withdraw cash and leave. Improve your life and allocate assets. Buy what you should buy and buy some passive income assets; This is really your confidence. Withdraw funds, especially the funds in the contract account, must be withdrawn to the cold wallet. Don't be delusional in the bear market. You can still make money like in the bull market. Control your hands and wait patiently. Be patient enough to wait for the reversal and emergence of the market. Even if the trading signal appears, don't be impatient. They are all false signals to deceive you. Don't be greedy. I just dreamed that I could make 100 million, but I was beaten back to the original form. This is a bloody lesson that must be remembered! !
8. Often spot trading players can win in the end. I retreated and corrected all my mistakes. I have changed my mind. I am no longer obsessed, delusional, greedy, and calm. I look at the market like prey in front of me. There is no ripple in my heart. When the prey is close enough, I will take action. This is not some metaphysics, it is just a loss, a necessary path for growth. Few people have experienced that kind of despair, but watching the sun rise every day, your life has to go on. How can you succeed without growth? Failure is the mother of success. The extreme of human nature is yin when it is extremely yang, and yang when it is extremely yin. I have already realized it!
9 Trading really needs to be simplified. Throw away all useless indicators and find the most comfortable trading strategy for yourself. Then wait until you think that the model market with the highest winning rate will start. The strategy with a high winning rate is repetition, repeating all the time. Don't mess around with it. If you want to do a good job in trading, first learn how to be a person and do things, focus on one thing, do it well, and do it thoroughly. It's useless to hit the east and the west with a hammer, listen to me, the same is true for your job. Focus. Focus again. This is even more true for trading!
10. Experience is bought at a loss. When the market is going up and there is crazy FOMO, you must have a sense of crisis, don't be afraid of selling in the middle. You can't eat from beginning to end, just stop when you see good! Don't get carried away after you do it right once, thinking you are the best in the world. The market will give you a blow soon. In plain words, people who are too arrogant deserve to be beaten. Control your emotions, don't let your mood fluctuate with the fluctuations of the market, that's terrible, it will control you.You have to get out of it quickly. Also, buy when no one cares and sell when life is at its peak. Just like what Buffett said, it is a classic among classics!
From a novice in trading, to an arrogant person who enjoys the market after a meal, to a person who turns himself into an empty cup and starts over after experiencing the bottom of the valley, to a value investor with a calm mind now, I hope these 10 experiences of mine can help you who are trading. I always tell myself that helping others is helping myself, and doing good deeds will bring good karma. No return. If you think I am pretending that I really have some intention, just pay attention and like it. I hope you can also become the 1% winner in the trading market. Come on! $BTC $ETH $SOL