A few truths about cryptocurrency trading
People pay for their cognition throughout their lives. People who can see through the essence of things in half a second and those who cannot see through the essence of things in their entire lives are destined to have completely different fates.
A few truths about cryptocurrency trading, please pay attention to it:
1. Stay away from contracts. Making money is a process, and losing money is the end.
2. There is no currency that keeps rising. They all move forward in a turbulent manner.
3. Invest with spare money, so that your mentality will not collapse when you encounter extreme market conditions or increased volatility.
4. Investment is actually an expectation of investment. The greater the expectation, the greater the disappointment sometimes. It is very important to manage your expectations and keep a calm mind.
Don't compare others' returns horizontally. Everyone's experience, cognitive investment, risks, investment strategies, etc. are different. It is enough to compare with your previous self vertically. It is good to make a little progress every day.
5. Don't try to seize all opportunities. We must admit that we can't seize all opportunities. Just seize a few opportunities. Because everyone's time and energy are limited.
6. Don't be too sensitive to short-term profits and don't lack imagination for long-term returns.
Of course, you must be able to "both accurately judge the market situation and patiently stick to it. There are not many such people."
Remember that only big market conditions can bring you high profits.
7. Everyone thinks that they make money in a bull market, but the fact is that most people still lose money. The 80/20 rule is applicable to any industry at any time.
8. Investment is a very rational and rigorous thing. It does not allow for any carelessness. There is never such a thing as "a blind cat colliding with a dead mouse".
9. Today's advantages will be replaced by tomorrow's trends. The general trend of the world cannot be changed by human power. It is very necessary to follow the trend.
10. Improving cognition is the most important way for you to make money in this industry. You must "immerse" yourself in this industry and invest a lot of time and energy to fully research and judge this industry.
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