First advice
The cryptocurrency market has gone through its period of wild explosion. What follows is the stage of formal financialization and competition among capital institutions.
Stop dreaming of making dozens or even a hundred times the profit from just one coin.
Second advice
Investing in new stocks in the primary market does indeed mean small investments with big returns, but those who recommend you to invest in the primary market will not tell you that 99% of the projects will return to zero.
Even if it is listed on some small exchanges, some KOLs will most likely call
You pinch it, and he will take a step ahead.
The third piece of advice
Although you can make a lot of money by playing contracts with full position and maxing out the multiples, you can also lose a lot of money.
I don’t think anyone will tell you that the essence of currency speculation lies in rolling positions, not how much you earn from a single profit.
The fourth piece of advice
Generally speaking, when someone is frantically CXing a certain coin, it is basically coming to an end.
At this time, if you already hold this coin, you can consider getting off.
If you don’t hold this coin, it’s best not to enter the market at this time, because there is a 90% chance that you will be the one taking over.
The fifth piece of advice
If you are a college student, please focus on your studies and keep cryptocurrency trading as a secondary concern.
If you are under 25 years old, please
Self-esteem is the most important thing, and cryptocurrency trading is secondary.
If you are a young person under 30 years old, please prioritize choosing a stable income and supplement it with cryptocurrency trading.
Trading is a hard battle, not an overnight one.
At the same time, trading is a time-consuming journey.
Even a talented trader may need to keep doing it for five years to achieve financial freedom.
Having an excellent off-site money-making ability and a platform that can provide our own sustainable capital supply will help us achieve twice the result with half the effort.
Sixth advice
Blessings do not enter a house without virtue, and wealth does not come to a door of emergency.
Under what circumstances is water suitable for the nourishment of all things? Is it suitable for the nourishment of all things when water is still?
So, when you make a profit from trading, please don't be too arrogant, and when you make a loss from trading, don't blame yourself too much.
It is important to understand the principle that “profit and loss come from the same source⁺”.
Regardless of whether you make a profit or a loss, you should always summarize yourself and ask yourself why this order is profitable, and why this order is a loss?
Remember, young man, an emotional person cannot do good business.
Seventh Advice
Others will not easily tell you about making money. If someone tells you how much you can earn by investing in this coin, then you have to be careful, because it is possible that he just wants to make a quick buck from you.
The eighth piece of advice
Don’t trust too much those who post the returns on their holdings. It’s possible that they have only made a profit on one of their holdings. In fact, many of them have negative returns. The probability is that they post the returns just to get you to recognize them so that they can harvest your profits.
Ninth Advice
People who play contracts will eventually return to zero. The accuracy rate is as high as 99%. Don’t disbelieve it, because human desires are infinite. Few people can truly give up gambling and make every transaction rationally.
If you trade a hundred times and lose control once, all your previous profits and principal will be wiped out.
The tenth piece of advice
You should pay attention to some bloggers who share their experiences, rather than those who brainwash/promote/or distribute profits. Think about it, and pay attention to what you can learn from them.
Eleventh Advice
If you want to trade well, you should have your own opinions, rather than just following the crowd and following other people's opinions. It's like a blogger sharing his profit experience. He can make a profit from this set of theories, but when you hold this set of theories and suffer losses, it is mostly due to your own factors. It's like reading Wang Yangming's Mind Learning. After reading the Mind Learning, can you achieve the same "unity of knowledge and action" as Mr. Wang Yangming?
Therefore, figuring out your own money-making theory is the golden key to your stable income. Other people's experience can be regarded as fertilizer and a reference standard for whether it is feasible when building your own theory.
The twelfth piece of advice
Make more friends with veterans in the cryptocurrency circle, even if he is a person who has been trading for many years and still loses money. By spending more time with him, you will be able to find out the reasons for your own losses.
You promptly avoided some of the reasons for his losses and traded in the opposite direction of his. As a result, you discovered that, hey, it turns out that making money is that easy.
Thank you for reading. If you like it, please like and follow it.