🧐 Why should I gradually distance myself from the market in the bull market | The core four-step rule for making money. If you understand this article, you will be better than 90% of the people in the circle——
Preface: I think this article is the result of my hard work, without reservation, and from the bottom of my heart; I think it is the foundation of my foothold in the industry, and it is also what I think is the most important thing;
It is useful for most people. After reading it, save it and read it more often when you have nothing to do. It is even more important to read it when you can’t control yourself!
I know that many people may sneer at this, but if you can understand it and follow me to practice it, you will definitely become rich. It is just a matter of time.
Recently, I get up almost every morning to exercise, read for an hour, send my children to school at 7:30, and then go hiking nearby in the cool autumn weather. The interesting thing is that even if it is the same mountain, the feeling you get each time you climb is different, and you can experience the same frequency with your feelings and moods;
Yes, I am deliberately staying away from the market;
Starting this month, I set a rule for myself that I can only spend a maximum of 2 hours a day on Crypto;
I will spend my entire time on things that are “important but not urgent”, such as reading, exercising, hobbies, chatting, and company;
I even made a schedule for myself, those books I wanted to read but didn’t have time to read, those musical instruments or sports I wanted to learn but didn’t have time to learn, those places I wanted to take my children to but couldn’t;
Every time I cross off a completed item on my to-do list, I feel a great sense of accomplishment!
So why do I do this? Because my most important task in the next six months is to stay away from the market!
1️⃣Why gradually move away from the market?
Crazy Bull, if you can keep calm, you can beat more than 90% of the people in the market!
Please remember this sentence!
Anyone who has been in the market should know that the real loss of money in the entire cycle starts from now;
We have gone through a very difficult bear market bottom and a very important bull market shock period, and we are expected to enter the crazy second half of the bull market soon;
In a bear market, most of the time everyone lies flat and does not move, so naturally they cannot lose much money. The accumulated energy and desire to trade will burst out when the bull market comes, or when a real bull market comes.
Once the mad cow epidemic starts, most people will fall into a state of anxiety, and anxiety is the easiest state to enter that is out of rational control.
At this time, you will forget about some of the strategies and plans you made before. Then, the anxiety of seeing other people making money will keep you awake at night, and the daily gossip combined with the money-making opportunities will make you unable to stop.
Finally, it prompts you to magnify your desires. You have never seen wealth explode so quickly, so you can no longer suppress the excitement accumulated throughout the bear market. You enter the battlefield and exchange the USDT and Bitcoin in your hands for a bunch of currencies that you are not familiar with but heard can quickly increase by 100 times. They shout that they are Bitcoin killers and clamor for a thousand times after three waves.
Amidst these shouts, you gradually lose yourself and find that everything you buy seems to be a loss. Even if you make some profit occasionally, you may lose it all the next time. Finally, in the continuous switching of positions, your chips and bitcoins become fewer and fewer, until you hand over all your chips.
2️⃣What do we really need to make money in this market? ｜The core four-step rule for making money
The above is basically the mental journey of most people in a bull market;
Yesterday I spent the whole morning chatting with a person I consider to be a real trading expert. Why do I say he is the only expert I recognize? Because he is so damn inhumane. He is very patient and has waited for seven years.
A-shares experienced a big boom some time ago, and his wait finally paid off; he made 30 times the profit from stock index options at one time, and according to his multi-account principal layout, the profit was as high as nine figures at one time;
What did he do in the first six years? Drinking tea, staying healthy, traveling in a motorhome, and spending a little time looking at the market every day so as not to lose his sense of the market; it was that kind of state of being close yet distant, waiting for seven years;
But once an opportunity comes, the average return is obviously terrifyingly high! In essence, it takes seven years of low energy consumption to wait for an opportunity that hits the mark, and in return, huge wealth is gained;
So when we talked about trading, he and I had the same view: the Bitcoin trading market is actually very simple, but it is very difficult to do; in summary, there are four steps:
1) Complete the position building at the relative bottom of the bear market
2) Be patient
3) Selling at a relatively high level in a bull market
4) Repeat the above steps
So, what is trading? Trading is a simple thing that only requires two systems and patience.
There are two systems: bottom-picking system and top-escaping system;
The core is that you can understand the cycle and know when it is a bear market and when it is a bull market; simple, right?
Someone is going to start talking nonsense. What the hell is this core? Are you kidding me? Who doesn't understand this? Who doesn't know that it is a bull market or a bear market? Is such a stupid thing also a core?
Yes, this stupid thing is the core!
Almost 100% of the people in the market can understand whether it is a bull market or a bear market, but only less than 1% can make money;
Because people are most afraid to buy at the bottom, and most reluctant to sell at the top. By the time you realize you can buy, the price may be very high, and by the time you realize you want to sell, the price may have been cut in half.
So, this is the most difficult part. You need to overcome the extreme fear and greed in human nature, which is not easy.
Those who can overcome it have already become gods.
You ask me if I think I'm awesome?
In fact, I think I am pretty awesome because I control my hands, I don't do short-term trading, and I don't use any leverage. Just based on this point, I know that even if I am an idiot, I have surpassed 90% of the people in this market.
It is normal that ordinary people like us cannot overcome it, so we must rely on our own strategies of escaping the top and buying the bottom to spur us on, so that we can buy the bottom at a relatively low level and cash out at a relatively high level;
For example, in the last bull market, even if you didn’t sell your Bitcoin at 69,000, if you started selling at 55,000 and sold all of it at 40,000, and you didn’t buy it when it dropped to 15,000, but bought it when it rose to 2,000, you still have twice the space, and you have the opportunity to double your Bitcoins.
Yes, you read it right. Tripling Bitcoin is my market goal for each round that I have always emphasized! This goal may not seem grand, but if converted into RMB, it is not a small profit after one round! Do you understand what I mean?
Is it hard to make money? My wife knows nothing. She started investing her monthly salary in Bitcoin when Bitcoin reached 20,000 in 2022. Yes, she did nothing but invested in Bitcoin in a fool-proof way. Do you know how much she earned? I don’t even want to tell you, for fear that you will feel inferior! The profit she earned is definitely more than most people’s.
The problem is, my wife really doesn’t know anything! She only does one thing, when the bear market is at a low point, she keeps buying every month!
So do you understand? If we really want to make money in this market, we only need two things:
1) Two systems (bottom-picking and top-selling systems)
2) Two opportunities (buy and sell opportunities)
Attached are two articles I wrote about my bottom-picking and top-selling systems. I will periodically conduct market tests and self-tests to add or subtract content:
Escape system:
[How to achieve the best way to escape the top | It is recommended to save and collect, a must-have in the bull market]
https://x.com/BTW0205/status/1696725775679176869
Bottom-picking system:
[Why do I have unlimited bullets to keep buying BTC during the decline]
https://x.com/BTW0205/status/1694574871546855559
3️⃣ Clearly realize what the most important thing is, and anxiety will naturally disappear!
Keep on nagging;
So I must clearly realize that this is my goal and my most important thing. I need to do this to the extreme. I can't waste my energy or distract my attention. I need more time to be alone and think.
Hiking, swimming, daydreaming, drinking tea, it's all up to you! Just choose what you like, it's up to you.
I like mountain climbing because I think it is a very enjoyable thing. You try to walk into the lush woods, without thinking, just feel it quietly, without thinking about anything, and just keep moving forward. You may feel tired at some stage, but it won’t be long before your body gives you better and better feedback. The pleasure it brings can relieve all stress and help us adjust our state better.
Otherwise, if I also start to get anxious, I will start to panic and randomly choose currencies to go all in, start to increase leverage, and dream of getting rich overnight.
The energy consumed in that way is incomparable to what it is now; once your energy is exhausted here, the consequences will be disastrous;
For example, if I buy three currencies, I need to track and research them. If I add leverage, the time and energy I need to spend will be N times what I have now, and I may not make any money.
Therefore, for me, this is something that prevents me from lying flat, and it is a stumbling block for me to double the amount of Bitcoin in every bull market;
For most people, they are unwilling to lie down and cannot control their desires.
Therefore, every time the bull market ends and things calm down, they will find that it seems like a dream. They will look at their empty hands and sigh in despair, thinking: If only there was no bull market, they would have traded Bitcoin for junk coins.
Unfortunately, after sighing, the next bull market will come and the cycle will repeat!
Leeks have their own destiny. They cannot be redeemed, they can only be eliminated!
If we want to avoid being wiped out, we must work together and not be leeks!
So, that’s why I choose to spend more time researching every day during the bear market, and why I choose to stay away from some markets as much as possible during this stage.
Don't waste time on unimportant things and don't be surrounded by market anxiety, so that when you really need to concentrate, you will have enough strength and not be disturbed by the market.
Once I understood what the most important thing was, there was no point in short-term anxiety.
Next, I have only two most important things to do: one is when to exchange the assets purchased in the bear market for Bitcoin, and the other is at what stage to sell some Bitcoin. These are things that require concentration and shielding against market noise.
Think about strategy - execute strategy - adjust strategy - continue to execute!
