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The Success Secrets of a Billionaire in the Crypto World Yesterday, I learned from the experience of this top billionaire whose net worth exceeds one billion. Initially, he was not focused on the blockchain industry but was engaged in stock and futures markets. Later, he entered the crypto space. The insights I gathered from our conversation are as follows: 1: Trading is not simply about transactions; it is an investment. Whether based on various insider information or personal opinions and views, when trading, do not let emotions override your rationality. 2: Don't be overly confident when making profits. When a person consistently profits, they can become excessively confident and feel a strong sense of judgment, which is referred to as 'market intuition.' This gives them sufficient confidence in the overall market and the various positions they hold. At this point, excessive confidence can lead to increased positions, risking significant losses or even liquidation. If losses occur at this stage, it can easily lead to continuous stop losses and even greater losses, compromising market intuition. This requires a long period of adjustment. 3: Do not rush when facing losses. When experiencing significant losses or minor setbacks at certain stages, being anxious can lead to misjudgments and unclear direction, resulting in erratic trading. This allows various emotions to take control of your thought process. When emotions cloud your thinking, combined with unclear market signals and a lack of direction, it becomes even easier to double your losses. Learn to control your emotions; when your thoughts are clear, you will have sufficient confidence to manage yourself and adapt to the market. This is the correct approach. 4: People are often the most greedy. Whether in trading or reality, only a few can resist temptation. In the minds of the majority, there is often a thought: 'If there's a chance to gain without cost, why not take it? Will the price continue to rise? Maybe, probably, possibly, should.' These countless emotions arise without clear expectations. The psychological goal should be to stay within one's understanding and not be greedy or impatient. #pi #FTX #solana

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The Success Secrets of a Billionaire in the Crypto World
Yesterday, I learned from the experience of this top billionaire whose net worth exceeds one billion. Initially, he was not focused on the blockchain industry but was engaged in stock and futures markets. Later, he entered the crypto space. The insights I gathered from our conversation are as follows:
1: Trading is not simply about transactions; it is an investment. Whether based on various insider information or personal opinions and views, when trading, do not let emotions override your rationality.
2: Don't be overly confident when making profits. When a person consistently profits, they can become excessively confident and feel a strong sense of judgment, which is referred to as 'market intuition.' This gives them sufficient confidence in the overall market and the various positions they hold. At this point, excessive confidence can lead to increased positions, risking significant losses or even liquidation. If losses occur at this stage, it can easily lead to continuous stop losses and even greater losses, compromising market intuition. This requires a long period of adjustment.
3: Do not rush when facing losses. When experiencing significant losses or minor setbacks at certain stages, being anxious can lead to misjudgments and unclear direction, resulting in erratic trading. This allows various emotions to take control of your thought process. When emotions cloud your thinking, combined with unclear market signals and a lack of direction, it becomes even easier to double your losses. Learn to control your emotions; when your thoughts are clear, you will have sufficient confidence to manage yourself and adapt to the market. This is the correct approach.
4: People are often the most greedy. Whether in trading or reality, only a few can resist temptation. In the minds of the majority, there is often a thought: 'If there's a chance to gain without cost, why not take it? Will the price continue to rise? Maybe, probably, possibly, should.' These countless emotions arise without clear expectations. The psychological goal should be to stay within one's understanding and not be greedy or impatient.
#pi #FTX #solana

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