Why are there still people who can't make money when a bull market arrives?
Why do some people face losses even as coin prices continue to rise and even break previous highs?
As someone who entered the crypto space in 2016, I once had a net worth of tens of millions, but I also fell into debt of several million. Now, I am willing to share all my experiences to help you avoid detours and get on the right track.
First, avoid engaging in contract trading. The path of a bull market is not a straight line, but rather filled with fluctuations and follows wave theory. We can predict trends and build cycle models, but we cannot accurately predict the price changes every 15 minutes. Therefore, an inadvertent fluctuation can lead to your previous efforts being in vain.
Second, contract trading easily breeds a gambler's mentality. It is like the two sides of a coin, with wins and losses being equal. But remember, nine out of ten bets lose. Winning makes you want to win again, and losing makes you want to recover your losses; this mentality can trap you deeply. There is a saying in casinos: "We are not afraid of you winning money, we are afraid of you not playing."
Finally, mindset is as important as learning. Many people like to chase rising prices and sell at falling prices; they rush in when they see a rise and cut losses when they see a drop, even borrowing money to trade coins. This behavior can severely affect your judgment and mindset, making you eager to recover losses while ignoring previous theories.
Recommendations are as follows: read more crypto news, but learn to filter; analyze K-line trends more, but don't rush to act; give yourself space to grow and let time help you slowly become rich.
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