DragonMan

$AXS takes off to the moon

$AXS It’s so annoying.

It went back to 0 again. Today at the company, my boss brainwashed me that I need to have Internet thinking and TTD (Target, Timeline, Deadline) thinking. If you can’t achieve success in the company with your professional expertise, isn’t it natural to lose money in the currency circle?
The Year of the Dragon has begun, and I haven’t set a clear goal. I just want to get rich, and I want to get rich instantly. I have been playing with contracts for 3 years, and I have known about it since I was involved in the currency circle in 2019. I have been losing money but can’t figure it out.
There is no plan for the time, whether it is a week, a month or a year. There is no deadline either. Only when the deadline reaches zero will we give up.
It seems that we really need to make a decision before taking action.
conclusion of issue:
1. It has always been contracts, ultra-short-term, trading every day, no stop loss, and no stopping when the idea is not right.
2. Don’t know how to read technical indicators and haven’t learned basic skills. Watch the whole process, and only watch the K-line for 15 minutes
3. After a loss, confidence will be lost, which will have a great impact on life and cause physical problems.
Target strategy:
1. Target: Return of capital on December 31, 2024 (Historical cumulative net loss of stocks + coins: 9W)
2. Strategy: spot + contract, I guess you have to choose 3-4 spots, #BTC #SOL #ORDI ? I haven’t thought about it. As for the contract, I don’t think there is anything fixed. It all depends on the opportunity. The key is whether the main force is long or short.
3. Timeline: Since I am currently carrying a loan, I have no money left on hand. After the loan is paid off in February, the start-up capital will be available in March, which is estimated to be 1,000U, and this is all that will be prepared throughout the year. Because I may lose my job and have no income, I have to protect my family from being affected.

So be it.

I once jokingly told a friend that using Murphy's Law to test whether an investor's basic qualities are qualified is a good method. If you have a trading system now, this system will find that you have lost up to 5 times in a row when counting historical data. So, what should you do after you lose money 5 times in a row? If your answer is to increase the position operation. Well, "Congratulations" you answered wrong. The correct result is that the position should be reduced. That is, you should first reduce your losses and start making money.

Investors have two core principles: first, they must control losses; second, remember the first principle, and if there is any violation, deal with it in accordance with the first principle. Therefore, any time you start losing money, the best strategy is to reduce your position. Continue to lose money and continue to reduce your position. Only when you start to make profits can you gradually increase your position.
This is not only a principle that needs to be followed in investment, but also in life. Recently, a friend of mine was in a very bad state and could barely make ends meet. In order to earn living expenses, he had to stay up for two days doing private work. When a person reaches this point, it is actually the same as suffering a large loss in investment. I told him to take a good rest after finishing his work. After finally finishing the work, I wanted to reward myself, so I went shopping with my friends, but my wallet was stolen.

Many investors often encounter similar situations during the investment process. When an investor suffers a loss, the average investor knows how to deal with it at the beginning, but when an unexpected loss occurs that exceeds his psychological tolerance limit, how should he deal with it?

Irrational investors often exhibit two types of actions. The first type is the characteristic of being motivated to gamble. At this time, there are often two results. Some people bet right, so this pattern becomes a psychological must-do pattern for them. But there were always times when he bet wrong. If it is leveraged trading, it will basically be eliminated. The second type of person’s choice is to admit their losses and exit. But if you admit your loss and leave at this time, you will also lose the opportunity to recover. Choosing to leave the market should not be considered only when the losses are uncontrollable. The decision must be made within the risk controllable range.

In the trading circle, we often hear similar sentiments: "I still don't have a trading system of my own", or "I have a great trading system, but I can't control myself, I just can't abide by discipline and be consistent." insist on it". Not making money, losing money, or even not daring to trade. In short, all misfortunes in trading can be attributed to "not having your own trading system" or "not being able to stick to your own trading system." Accordingly, finding an effective trading system and sticking to it seems to solve all problems. Really?

In fact, as long as you observe people's trading behavior honestly, you will find a completely opposite fact:

In fact, every trader has his own trading system; every trader sticks to his own trading system surprisingly stubbornly; moreover, this trading system is not "found", but is rooted in every trader from the beginning. A trader "inside".
Isn't it? For example, for a person who is "trapped" in a transaction, his "trap" is usually "habitual". The scenarios can be different, but the result is always "quilted". More importantly, the psychological mechanism that causes him to be "trapped" and the psychological feelings caused by "being quilted" are always the same.
#ETH

Similar to the 519 312 waterfall is coming. There is always a reason why the market is so strong. It’s just that a large number of retail investors don’t know it. Please look forward to the follow-up revelations!
#ETH

In life, we will inevitably encounter things that make us angry. The most important thing at this time is to stabilize your emotions. Uncontrolled emotions will not only harm yourself, but may also harm those around you.

When you feel that your emotions are about to be out of control of your brain, there is a particularly effective method: take a deep breath for 60 seconds, then think about the worst possible outcome if you allow your emotions to vent, and then deal with the matter after calming down. .

Don’t argue about simple things, don’t worry about complicated things, don’t talk when you’re angry, and don’t make decisions when you’re angry. Only those who can stabilize their minds and know how to control their emotions can truly control their own lives.

#TRB #BTC

This coin, haha, brings out the visual sense of Super Mario #mochicat $BTC

When my son was a child, he once walked with his head down and picked up 10 yuan. Later, for a while, he always kept his head down when walking, and he was actually asked to pick it up again. So he refused to listen no matter how much I tried to persuade him, hoping that he could still pick it up. money until he hit his head on a tree.

Occasionally "lowering his head" resulted in the result of "picking up money", and "picking up money" encouraged him to increase the frequency of "lowering his head", which would inevitably increase the probability of "picking up money".

Initial investment - return - incentive mechanism - automatic repeated investment, causal loop, mutual promotion, this is the principle of "closed loop". "Walking with your head down to pick up money" is probably the first "business closed loop" formed in my son's life.

All successful and sustainable business models must form a "closed loop". #BTC

There are many paradoxes in our lives.
One of them is: when you keep looking for order, all you get is superficial order.
And when you begin to embrace the changes, fluctuations, and uncertainties of life, you will be able to grasp order and control the situation.
Therefore, one of the underlying logics of life is: without fluctuations, there is no stability. #eth

I don’t remember where I saw it. Someone asked Buffett: “Your investment system is so simple, why don’t others do the same thing as you?” Buffett replied: “Because no one wants to get rich slowly.”

In one sentence, almost all the problems we face in this era are explained. When human society developed into an industrialized society, due to the substantial increase in productivity, the productivity created in the past two hundred years far exceeded the total productivity created in all previous eras. And when these productive forces begin to be transformed into wealth, what we see is one wealth myth after another, all kinds of overnight wealth.

Maybe when everyone feels that "we will get old if we don't get rich", it is time for us to maintain a patient attitude and look back at patience itself.
#people $BTC

If life is a wilderness, we still have to move forward, instead of always sleepwalking in the fog and mud.
The same is true for investment life. In the foggy forest, the infinitely unfolding future is unpredictable. But when we look up at the stars, we still have direction.
Look back at "primality" and look forward at "vision".
Pay attention to trends and underlying probabilities. Take the high road and do what is most likely right.
Life seems like a path through the jungle, like driving on a track. However, it is not.
Life is like a random walk in the wilderness, switching among various possibilities. What seems to be a clear path is just an afterthought.
The picture below is a model that I like very much, which summarizes the mysterious relationship of "time, space and possibility".

#BTC