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加密刀哥

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Entered the crypto space in 2019, an experienced player who has gone through the transition from bear to bull and from bull to bear! I have experienced various major events in the crypto world, including the 519 incident and the Luna crash. It was during this process that I grew and was given the opportunity for a turnaround! Gong Zhonghao: Crypto Brother. Friends who are still confused in the crypto space or are currently at a loss can take a look! If you lack wisdom, you must learn to follow! #Strategy增持比特币 #美国加征关税
Entered the crypto space in 2019, an experienced player who has gone through the transition from bear to bull and from bull to bear! I have experienced various major events in the crypto world, including the 519 incident and the Luna crash. It was during this process that I grew and was given the opportunity for a turnaround! Gong Zhonghao: Crypto Brother. Friends who are still confused in the crypto space or are currently at a loss can take a look!

If you lack wisdom, you must learn to follow!

#Strategy增持比特币 #美国加征关税
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Big Pancake: Take Profit 10400-104500
Big Pancake: Take Profit 10400-104500
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How many times have you suffered losses in the crypto circle?Last November, a friend played with contracts+, starting with a principal of 500,000 and going long 5 times. The account peaked at 4.3 million, creating costs and fees as well as a portion lost to spot hedging, resulting in an overall return of 851%. If it were you at this moment, what would you do? Normally, most people would have stopped long ago, but he didn't. His wife said there was a small drop in between, but he didn't cut losses, and later it rebounded. At that time, the contract account's profit had already exceeded 900%. There must have been too many short positions, so he didn't pay much attention. Later, it dropped a bit, but he also chose not to cut losses. His wife mentioned that when it was at 430, he called her with a slightly worried tone to inform her of the situation, not particularly excited, and then he stared at the screen, remaining incredibly calm. Because with contracts, he had previously made nearly 3 million during the peak period and then gradually lost it all. Having seen great storms, he remained incredibly calm in such situations. He firmly believed it would reach 500 and wanted to wait until it broke 500 before taking profits; however... without hedging the contract position, a needle just mercilessly stabbed down... the account instantly had only about 80,000 to 90,000 left, and closing it was obviously too late... the outcome is already known to everyone, bomb+. The rest is him holding his head with both hands, sulking for two minutes. His wife had a vague feeling that something was wrong, and just as she was about to ask him what was wrong, he rushed to the windowsill and jumped down... Fortunately, their home was on the third floor, so he survived. But his legs are forever ruined.

How many times have you suffered losses in the crypto circle?

Last November, a friend played with contracts+, starting with a principal of 500,000 and going long 5 times. The account peaked at 4.3 million, creating costs and fees as well as a portion lost to spot hedging, resulting in an overall return of 851%. If it were you at this moment, what would you do? Normally, most people would have stopped long ago, but he didn't. His wife said there was a small drop in between, but he didn't cut losses, and later it rebounded. At that time, the contract account's profit had already exceeded 900%. There must have been too many short positions, so he didn't pay much attention. Later, it dropped a bit, but he also chose not to cut losses. His wife mentioned that when it was at 430, he called her with a slightly worried tone to inform her of the situation, not particularly excited, and then he stared at the screen, remaining incredibly calm. Because with contracts, he had previously made nearly 3 million during the peak period and then gradually lost it all. Having seen great storms, he remained incredibly calm in such situations. He firmly believed it would reach 500 and wanted to wait until it broke 500 before taking profits; however... without hedging the contract position, a needle just mercilessly stabbed down... the account instantly had only about 80,000 to 90,000 left, and closing it was obviously too late... the outcome is already known to everyone, bomb+. The rest is him holding his head with both hands, sulking for two minutes. His wife had a vague feeling that something was wrong, and just as she was about to ask him what was wrong, he rushed to the windowsill and jumped down... Fortunately, their home was on the third floor, so he survived. But his legs are forever ruined.
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What does it feel like to enjoy trading?I like this industry because it holds hope. For one person, working until the end of life, the income ceiling can be seen at a glance. As long as one steps into the mainstream values of buying a house, buying a car, getting married, and having children, it can be expected that these incomes will be consumed by these mainstream expenditures. Even if you are a high-level worker, it only means a bigger house, better education, and a better car, just like traditional internet users: level 5 for small crayfish, level 15 for big crayfish... level 95 for thunder big crayfish. If the mindset doesn't change, one will forever remain in a state of barely maintaining the current life, driving continuous work.

What does it feel like to enjoy trading?

I like this industry because it holds hope.
For one person, working until the end of life, the income ceiling can be seen at a glance.
As long as one steps into the mainstream values of buying a house, buying a car, getting married, and having children, it can be expected that these incomes will be consumed by these mainstream expenditures.
Even if you are a high-level worker, it only means a bigger house, better education, and a better car, just like traditional internet users: level 5 for small crayfish, level 15 for big crayfish... level 95 for thunder big crayfish.
If the mindset doesn't change, one will forever remain in a state of barely maintaining the current life, driving continuous work.
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What is the ultimate outcome for a trader?Trading is a way to quickly experience life; it is a super accelerator of life. In trading, your personality, habits, strengths, weaknesses, your understanding of the world and things, as well as your way of working and abilities, will be quickly exposed and magnified. Successful traders must possess the ability to understand the essential laws of how things operate and be able to translate that understanding into practical and effective actions. Such individuals, not just in trading but in other pursuits as well, are likely to succeed. Therefore, all success in the world has its similarities. If you are not doing well in trading now, it must be that you are also a mess in your life and work.

What is the ultimate outcome for a trader?

Trading is a way to quickly experience life; it is a super accelerator of life. In trading, your personality, habits, strengths, weaknesses, your understanding of the world and things, as well as your way of working and abilities, will be quickly exposed and magnified.
Successful traders must possess the ability to understand the essential laws of how things operate and be able to translate that understanding into practical and effective actions.
Such individuals, not just in trading but in other pursuits as well, are likely to succeed. Therefore, all success in the world has its similarities. If you are not doing well in trading now, it must be that you are also a mess in your life and work.
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What kind of person is suitable for trading?When a person is relatively introverted, yet has a delicate and sensitive disposition, and holds high standards for their own moral principles, they often find it difficult to adapt to the flattery and sycophancy common in the workplace. For instance, engaging in brotherly camaraderie with clients, drinking together, and sometimes even reluctantly conforming to others. In reality, they are naturally suited for jobs in the investment field, such as stocks, futures, foreign exchange, and even bond trading, as their personality traits offer a natural advantage in secondary market trading, which is inherently fraught with challenges and obstacles. These introverted and sensitive individuals tend to prefer solitude, allowing them to calm their minds and engage in deep thinking. They have a keen ability to observe market dynamics. The market is often filled with all kinds of distracting information and noise, but they possess the capability to make independent judgments and decisions in such a chaotic environment. While everyone else may blindly follow trends and lose direction, they can still remain true to themselves and maintain clarity. However, achieving success in the investment field is not an easy task; it requires years of relentless effort and the ability to endure continuous setbacks and blows. Introverted and sensitive individuals have an inherent adaptability in this regard; they are good at self-reflection and can continuously explore their own psychological boundaries to achieve breakthroughs. As Wang Yangming said, 'The more difficult the situation, the more one should cultivate the mind.' On this challenging path of investment, their traits can help them better cope with various difficulties and setbacks.

What kind of person is suitable for trading?

When a person is relatively introverted, yet has a delicate and sensitive disposition, and holds high standards for their own moral principles, they often find it difficult to adapt to the flattery and sycophancy common in the workplace. For instance, engaging in brotherly camaraderie with clients, drinking together, and sometimes even reluctantly conforming to others. In reality, they are naturally suited for jobs in the investment field, such as stocks, futures, foreign exchange, and even bond trading, as their personality traits offer a natural advantage in secondary market trading, which is inherently fraught with challenges and obstacles. These introverted and sensitive individuals tend to prefer solitude, allowing them to calm their minds and engage in deep thinking. They have a keen ability to observe market dynamics. The market is often filled with all kinds of distracting information and noise, but they possess the capability to make independent judgments and decisions in such a chaotic environment. While everyone else may blindly follow trends and lose direction, they can still remain true to themselves and maintain clarity. However, achieving success in the investment field is not an easy task; it requires years of relentless effort and the ability to endure continuous setbacks and blows. Introverted and sensitive individuals have an inherent adaptability in this regard; they are good at self-reflection and can continuously explore their own psychological boundaries to achieve breakthroughs. As Wang Yangming said, 'The more difficult the situation, the more one should cultivate the mind.' On this challenging path of investment, their traits can help them better cope with various difficulties and setbacks.
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Unable to hold profitable trades, fear of giving back some profits, how to resolve this?1. The growth of a 'trend trader' has two critical turning points. If you can cross them, your account can grow continuously. If you can't, you'll be stuck. The first critical turning point is minimizing losses. By managing your position and using a risk-defined approach, you control each loss to no more than 2%, preventing large losses and stabilizing your drawdown on the loss side; this is a necessary condition for surviving in this market. The second critical turning point is achieving large profits. By letting your profits run, you can gain excess returns on the profit side, allowing your capital curve to achieve explosive growth while maintaining stable drawdowns, thus stepping up to a new level.

Unable to hold profitable trades, fear of giving back some profits, how to resolve this?

1. The growth of a 'trend trader' has two critical turning points. If you can cross them, your account can grow continuously. If you can't, you'll be stuck. The first critical turning point is minimizing losses. By managing your position and using a risk-defined approach, you control each loss to no more than 2%, preventing large losses and stabilizing your drawdown on the loss side; this is a necessary condition for surviving in this market. The second critical turning point is achieving large profits. By letting your profits run, you can gain excess returns on the profit side, allowing your capital curve to achieve explosive growth while maintaining stable drawdowns, thus stepping up to a new level.
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What kind of person is suitable for trading?There is a seller on Taobao whom I have followed for over ten years. For every collection of clothes, as long as I like them, I will definitely place an order. I have never been disappointed; as long as she sells, I will keep buying. 1. She continuously pursues high cost-performance ratio. Only sells products from familiar factories that have a high cost-performance ratio. She never stocks items that do not have a high cost-performance ratio. 2. She only sells a fixed quantity, not greedy for more. She sells as much as she has in stock, never selling just for the sake of selling. Her store has over a hundred thousand followers, and every time she sells something, it sells out within a minute. For many years, she has still been selling dozens of items at a time.

What kind of person is suitable for trading?

There is a seller on Taobao whom I have followed for over ten years. For every collection of clothes, as long as I like them, I will definitely place an order. I have never been disappointed; as long as she sells, I will keep buying.
1. She continuously pursues high cost-performance ratio. Only sells products from familiar factories that have a high cost-performance ratio. She never stocks items that do not have a high cost-performance ratio.
2. She only sells a fixed quantity, not greedy for more. She sells as much as she has in stock, never selling just for the sake of selling. Her store has over a hundred thousand followers, and every time she sells something, it sells out within a minute. For many years, she has still been selling dozens of items at a time.
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What to do when feeling lost in trading?In my fourth year of trading, I had basically bid farewell to losses and margin calls, and I could control risk, but I was still making small losses and not making big profits. My capital was continuously depleted through small losses. I had also begun to feel confused, having tried almost every method available in the market, whether fundamental analysis or technical analysis, none of which worked. It wasn't until later, as my understanding slowly improved, that I realized where the problems lay. Whether your trading logic can achieve profitability over a long period depends on whether your trading system's win rate and profit-to-loss ratio have a certain advantage; this is the key core of a trading system.

What to do when feeling lost in trading?

In my fourth year of trading, I had basically bid farewell to losses and margin calls, and I could control risk, but I was still making small losses and not making big profits. My capital was continuously depleted through small losses. I had also begun to feel confused, having tried almost every method available in the market, whether fundamental analysis or technical analysis, none of which worked.
It wasn't until later, as my understanding slowly improved, that I realized where the problems lay.
Whether your trading logic can achieve profitability over a long period depends on whether your trading system's win rate and profit-to-loss ratio have a certain advantage; this is the key core of a trading system.
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成功的交易员很孤独是为什么?当你没怎么赚钱甚至亏钱的时候,家人不理解你,朋友让你远离,可你总想翻身... 当你赚了不少钱的时候,他们就开始接近你谄媚你,给你端茶送水... 只有你自己明白自己是怎么挺过来. #币安Alpha上新 #Strategy增持比特币

成功的交易员很孤独是为什么?

当你没怎么赚钱甚至亏钱的时候,家人不理解你,朋友让你远离,可你总想翻身...
当你赚了不少钱的时候,他们就开始接近你谄媚你,给你端茶送水...
只有你自己明白自己是怎么挺过来.

#币安Alpha上新 #Strategy增持比特币
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What qualities does an excellent trader need?My trading system hasn't changed in three years; I calculated that the timing was just right—stability began at the age of thirty. The ancients were wise; the saying 'standing firm at thirty' contains profound wisdom. Thirty is a watershed. All the fortunes and misfortunes you experienced before thirty are debts from past lives. Your parents' economic conditions, educational philosophies, temperaments, and even their social connections deeply influence you. The debts to be repaid and the blessings to be enjoyed are all settled in this stage. The life that truly belongs to you begins after the age of thirty. Some people are born with a silver spoon, while others have to fight for survival from birth. None of this is your choice. But after 30, it's different. At this age, you have enough social experience to begin to understand what is truly important to you. More importantly, you start to genuinely understand yourself—what you want, what you don’t want, and what you excel at. This clarity of self-awareness is something you didn't have when you were younger. I advise those who have struggled through the first half of their lives not to give up too early. There is a psychological theory called 'post-traumatic growth,' which states that after experiencing major setbacks, a person may gain growth that exceeds their previous level. Those who have faced injustices and hardships in their youth often have a deeper understanding of human nature and a sharper sense of opportunity. It is wealth, not setbacks, that may have shaped their future success.

What qualities does an excellent trader need?

My trading system hasn't changed in three years; I calculated that the timing was just right—stability began at the age of thirty. The ancients were wise; the saying 'standing firm at thirty' contains profound wisdom. Thirty is a watershed. All the fortunes and misfortunes you experienced before thirty are debts from past lives. Your parents' economic conditions, educational philosophies, temperaments, and even their social connections deeply influence you. The debts to be repaid and the blessings to be enjoyed are all settled in this stage. The life that truly belongs to you begins after the age of thirty.
Some people are born with a silver spoon, while others have to fight for survival from birth. None of this is your choice. But after 30, it's different. At this age, you have enough social experience to begin to understand what is truly important to you. More importantly, you start to genuinely understand yourself—what you want, what you don’t want, and what you excel at. This clarity of self-awareness is something you didn't have when you were younger. I advise those who have struggled through the first half of their lives not to give up too early. There is a psychological theory called 'post-traumatic growth,' which states that after experiencing major setbacks, a person may gain growth that exceeds their previous level. Those who have faced injustices and hardships in their youth often have a deeper understanding of human nature and a sharper sense of opportunity. It is wealth, not setbacks, that may have shaped their future success.
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What should newcomers in the cryptocurrency world pay attention to?The market measures fairness, does not punish mistakes, but forces awakening through repeated lessons. The essence of trading is the practice of cognition and discipline, with core logic hidden in extremely simple rules! 1. Abandon the fantasy of the Holy Grail and return to fundamental laws. ① The code for profits is never hidden in secret texts or from masters, but in the four essential elements: trend direction, support and resistance, capital management, and rule execution. ② There are no shortcuts to success; achieving simplicity in rules to the extreme is the starting point for compounding +. 2. Give up the obsession with prediction and focus on rule execution. ① Those who guess market movements will eventually be harvested by the market; the core of trading is response, not prediction.

What should newcomers in the cryptocurrency world pay attention to?

The market measures fairness, does not punish mistakes, but forces awakening through repeated lessons. The essence of trading is the practice of cognition and discipline, with core logic hidden in extremely simple rules!

1. Abandon the fantasy of the Holy Grail and return to fundamental laws.
① The code for profits is never hidden in secret texts or from masters, but in the four essential elements: trend direction, support and resistance, capital management, and rule execution.
② There are no shortcuts to success; achieving simplicity in rules to the extreme is the starting point for compounding +.
2. Give up the obsession with prediction and focus on rule execution.
① Those who guess market movements will eventually be harvested by the market; the core of trading is response, not prediction.
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Can you make money trading with 10U?1. The Launch of the 10U Warrior Every beginning is difficult; our cryptocurrency trading journey starts with accumulating the principal. Do everything possible to turn the 10 yuan in your pocket into 73 yuan through various compliant exchange channels, then exchange it for 10U (USDT). Don't underestimate this 10U; it's the key to opening the door to wealth. At this moment, the 10U Warrior mode is fully activated! 2. Initial foray into battle, ETH shows its prowess With the principal ready, don't get too excited and go all in. First, take out half, which is 5U as margin, and start with 100x leverage, targeting 0.2 $ETH. At this point, keep your eyes wide open and wait for the right moment. Why? If the market goes against us and moves 20 points in the opposite direction, the margin will be at risk, facing the possibility of liquidation at any moment. Therefore, it's crucial to remain calm; at least wait for a time when there's potential for doubling before taking action. If luck isn't on our side and we get liquidated, don't be afraid; we still have a backup—the remaining 5U can be used for one more shot. Once we seize the opportunity and avoid liquidation, we can steadily wait and aim for a price increase of over 50 points, then swiftly take action to reap profits. This first bucket of gold will be in hand!

Can you make money trading with 10U?

1. The Launch of the 10U Warrior
Every beginning is difficult; our cryptocurrency trading journey starts with accumulating the principal. Do everything possible to turn the 10 yuan in your pocket into 73 yuan through various compliant exchange channels, then exchange it for 10U (USDT). Don't underestimate this 10U; it's the key to opening the door to wealth. At this moment, the 10U Warrior mode is fully activated!
2. Initial foray into battle, ETH shows its prowess
With the principal ready, don't get too excited and go all in. First, take out half, which is 5U as margin, and start with 100x leverage, targeting 0.2 $ETH. At this point, keep your eyes wide open and wait for the right moment. Why? If the market goes against us and moves 20 points in the opposite direction, the margin will be at risk, facing the possibility of liquidation at any moment. Therefore, it's crucial to remain calm; at least wait for a time when there's potential for doubling before taking action. If luck isn't on our side and we get liquidated, don't be afraid; we still have a backup—the remaining 5U can be used for one more shot. Once we seize the opportunity and avoid liquidation, we can steadily wait and aim for a price increase of over 50 points, then swiftly take action to reap profits. This first bucket of gold will be in hand!
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Having been involved in the crypto space for many years, I have accumulated a lot of experience, and today I would like to share these trading insights with everyone!The bubble crisis of popular coins: In a bull market, those popular coins that are heavily hyped, especially highly controlled coins, may appear to be thriving and surging, but actually hide crises. They are like balloons that have been overly inflated; the faster they rise, the bigger the bubble. Once the market direction changes, or the hype dissipates, prices can quickly fall like free fall, and risks can multiply. Therefore, for these popular coins, we cannot be deceived by their short-term gains; we must also be wary of the enormous risks hidden behind.

Having been involved in the crypto space for many years, I have accumulated a lot of experience, and today I would like to share these trading insights with everyone!

The bubble crisis of popular coins: In a bull market, those popular coins that are heavily hyped, especially highly controlled coins, may appear to be thriving and surging, but actually hide crises. They are like balloons that have been overly inflated; the faster they rise, the bigger the bubble.
Once the market direction changes, or the hype dissipates, prices can quickly fall like free fall, and risks can multiply. Therefore, for these popular coins, we cannot be deceived by their short-term gains; we must also be wary of the enormous risks hidden behind.
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Why do people keep losing money in the cryptocurrency world?99% of people lose money not because of the market, but because they fail to avoid these six fatal traps! 1. Short-term thinking: Are you investing, or gambling? In the cryptocurrency world, there are coins that rise and fall dramatically every day, but those who truly make big money are often the long-term holders who forget their passwords. Short-term trading may seem exciting, but in reality, it’s just paying transaction fees to exchanges and market makers. Ask yourself: Are you willing to hold the coin you bought for a year without touching it? If not, why continue short-term trading? The answer lies in understanding why you chose that particular asset and what strategy you plan to use. If your rationale is valid or invalid, respond appropriately with a corresponding strategy.

Why do people keep losing money in the cryptocurrency world?

99% of people lose money not because of the market, but because they fail to avoid these six fatal traps!

1. Short-term thinking: Are you investing, or gambling?
In the cryptocurrency world, there are coins that rise and fall dramatically every day, but those who truly make big money are often the long-term holders who forget their passwords. Short-term trading may seem exciting, but in reality, it’s just paying transaction fees to exchanges and market makers. Ask yourself: Are you willing to hold the coin you bought for a year without touching it? If not, why continue short-term trading? The answer lies in understanding why you chose that particular asset and what strategy you plan to use. If your rationale is valid or invalid, respond appropriately with a corresponding strategy.
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Trading methods are everywhere, but what is the core or essence that can lead to lasting profitability?The way of trading is to first be invincible, waiting for the enemy's vulnerability to attack; victory can be known but cannot be forced. No market conditions can be created without conditions; when you want to explore market conditions, it is often a time of great risk. In the midst of the market's spear and shield, in the right and wrong perceptions of the market, seek a middle ground, a balance. Do not be too extreme, nor too absolute; survival of the fittest. The longer the trading time, the better one understands the meaning of risk control. If risk is not well controlled, even multiplying a few times will ultimately lead to emptiness. Big gains and losses not only result in the loss of money but also precious time and even lifelong regrets. Can success be achieved by just controlling risks?

Trading methods are everywhere, but what is the core or essence that can lead to lasting profitability?

The way of trading is to first be invincible, waiting for the enemy's vulnerability to attack; victory can be known but cannot be forced.
No market conditions can be created without conditions; when you want to explore market conditions, it is often a time of great risk. In the midst of the market's spear and shield, in the right and wrong perceptions of the market, seek a middle ground, a balance. Do not be too extreme, nor too absolute; survival of the fittest.
The longer the trading time, the better one understands the meaning of risk control. If risk is not well controlled, even multiplying a few times will ultimately lead to emptiness. Big gains and losses not only result in the loss of money but also precious time and even lifelong regrets. Can success be achieved by just controlling risks?
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Why should you avoid frequent trading?Let me first express my opinion: it’s not that frequent trading itself is doomed to fail. By pursuing extreme win rates and accumulating results like building blocks, that can also be a good trading method. What is truly doomed is that kind of completely blind and thoughtless frequent trading, which has neither a plan nor expectations. This behavior is not much different from betting on high or low in a casino. However, frequent trading is generally not recommended. Why? Because the more frequently you trade, the easier it is to go off track. Our brains have limited capacity to process information, much like how a phone lags when too many apps are open. When you switch back and forth between different instruments and trading directions, decision-making often doesn't rely on pre-established plans but is made impulsively. Many decisions that seem particularly foolish in hindsight occur in this state, fundamentally due to a lack of logical operation.

Why should you avoid frequent trading?

Let me first express my opinion: it’s not that frequent trading itself is doomed to fail. By pursuing extreme win rates and accumulating results like building blocks, that can also be a good trading method. What is truly doomed is that kind of completely blind and thoughtless frequent trading, which has neither a plan nor expectations. This behavior is not much different from betting on high or low in a casino. However, frequent trading is generally not recommended. Why? Because the more frequently you trade, the easier it is to go off track.
Our brains have limited capacity to process information, much like how a phone lags when too many apps are open. When you switch back and forth between different instruments and trading directions, decision-making often doesn't rely on pre-established plans but is made impulsively. Many decisions that seem particularly foolish in hindsight occur in this state, fundamentally due to a lack of logical operation.
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Can money really be made in the cryptocurrency market?Can money be made in the cryptocurrency market? Yes, but only a small number of people can. Eighty to ninety percent of people are losing money or making money by luck and then losing it back. When in floating profit, they think it will rise further, but when they don't sell, it ends up dropping. Floating losses lead to panic selling. When in floating loss, the mindset is poor, lacking patience, or they have been stuck in floating losses for too long. Just recovered the principal and immediately had spare money to invest. Do not take loans, do not borrow money from others. The time for the operator to wash the market is not fixed; they will only pull up the market after washing away the weak-willed chips. With too many retail investors on board, the operator will not pull up the market. It is impossible to pull the market up after completely washing out retail investors; the operator will not sell off just for a few retail investors. Do not listen to good or bad news; the operator may have already known the good news before us. The operator uses good news to sell off, distributing chips to retail investors who like to chase highs and cut losses, and uses bad news to crash the market and absorb panic chips.

Can money really be made in the cryptocurrency market?

Can money be made in the cryptocurrency market? Yes, but only a small number of people can.
Eighty to ninety percent of people are losing money or making money by luck and then losing it back. When in floating profit, they think it will rise further, but when they don't sell, it ends up dropping. Floating losses lead to panic selling. When in floating loss, the mindset is poor, lacking patience, or they have been stuck in floating losses for too long.
Just recovered the principal and immediately had spare money to invest. Do not take loans, do not borrow money from others. The time for the operator to wash the market is not fixed; they will only pull up the market after washing away the weak-willed chips. With too many retail investors on board, the operator will not pull up the market. It is impossible to pull the market up after completely washing out retail investors; the operator will not sell off just for a few retail investors. Do not listen to good or bad news; the operator may have already known the good news before us. The operator uses good news to sell off, distributing chips to retail investors who like to chase highs and cut losses, and uses bad news to crash the market and absorb panic chips.
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What have those who achieved financial freedom in the crypto world done right?People cannot earn money beyond their cognition; to make money in any industry, one must first establish a higher level of understanding than the average person in that field. Otherwise, one might earn money through luck for a time, but ultimately, they will lose it back due to insufficient understanding. Therefore, it is essential to establish the correct cognition and develop the right values. As Sun Ge said, 'This is a war of values; wealth is merely compensation for correct cognition.'

What have those who achieved financial freedom in the crypto world done right?

People cannot earn money beyond their cognition; to make money in any industry, one must first establish a higher level of understanding than the average person in that field.
Otherwise, one might earn money through luck for a time, but ultimately, they will lose it back due to insufficient understanding.
Therefore, it is essential to establish the correct cognition and develop the right values.
As Sun Ge said, 'This is a war of values; wealth is merely compensation for correct cognition.'

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How should a beginner choose a cryptocurrency exchange?Just remember the reputable platforms; others carry risks. Binance is the largest globally, and OKEx is the largest domestically. Just stick with these two. Generally, if you find someone for testing, there will also be 10-20 points of rebate fees. Currently, Binance is a bit safer for deposits and withdrawals, while OKEx has been regulated, you know what I mean. Remember to make small, batch withdrawals and not to do it frequently. Other shady platforms may offer you huge rebate fees, like 50-80 points, but the bottom line is: you are greedy for their fees, and they are greedy for your principal. In the end, you won't be able to withdraw a single penny. I have been scammed myself, putting 40,000 yuan into a shady platform to trade (at that time this platform was quite popular and looked reputable). After half a year, I lost several thousand in fees, and when I wanted to transfer money to Binance, I couldn't withdraw. When I asked customer service, they said there was a hacker attack, and I couldn't withdraw temporarily. I kept asking for a week, and in the end, I couldn't even log into the app. After checking online, I found out the owner had run away. I heard later that the owner's grave was found and people had vandalized it. So don't go for platforms that promise high returns; it's better to stick with reputable ones like Binance or OKEx, where your money is safer. They have no need to scam you out of your tens of thousands of yuan.

How should a beginner choose a cryptocurrency exchange?

Just remember the reputable platforms; others carry risks. Binance is the largest globally, and OKEx is the largest domestically. Just stick with these two. Generally, if you find someone for testing, there will also be 10-20 points of rebate fees. Currently, Binance is a bit safer for deposits and withdrawals, while OKEx has been regulated, you know what I mean. Remember to make small, batch withdrawals and not to do it frequently.
Other shady platforms may offer you huge rebate fees, like 50-80 points, but the bottom line is: you are greedy for their fees, and they are greedy for your principal. In the end, you won't be able to withdraw a single penny.
I have been scammed myself, putting 40,000 yuan into a shady platform to trade (at that time this platform was quite popular and looked reputable). After half a year, I lost several thousand in fees, and when I wanted to transfer money to Binance, I couldn't withdraw. When I asked customer service, they said there was a hacker attack, and I couldn't withdraw temporarily. I kept asking for a week, and in the end, I couldn't even log into the app. After checking online, I found out the owner had run away. I heard later that the owner's grave was found and people had vandalized it. So don't go for platforms that promise high returns; it's better to stick with reputable ones like Binance or OKEx, where your money is safer. They have no need to scam you out of your tens of thousands of yuan.
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