I started with 50,000, then 100,000, then 302,000, in the third year it reached 590,000, in August of the fourth year it reached 3.78 million, in November it reached over 7 million, until in the last few years I could easily withdraw 30 million in the cryptocurrency circle:
During this period, I hit rock bottom. At that time, my highest was about 4 million. At that moment, I thought I could be considered a big shot in the cryptocurrency circle. I resolutely quit my job and concentrated on cryptocurrency trading, even borrowing money to trade in cryptocurrency. However, reality gave me a hard slap in the face. The financial crisis not only made me give back all my profits, but also owed a lot of debts. In the end, I had to sell the house, and my wife almost left me.
That period was my darkest moment. In just a few months, I fell from the peak to the bottom. But it also made me realize that the previous smooth sailing was not without luck.
Therefore, I feel that if I really want to continue on the path of trading, I must focus on learning. Besides understanding the basics, I should analyze news factors and also study technical indicators. If I do not conduct in-depth research and reasonably plan to manage my finances, my capital will eventually be depleted. In the end, as a retail investor without any foundation, I will only happily enter the market and leave in disappointment.
For the next three years, I cut off all contact with classmates and friends, stayed home, and tirelessly reviewed the market day and night. My hard work, often falling asleep on the keyboard from exhaustion, finally achieved financial freedom through trading.
If you can't control yourself, blowing up your account will become a habit!
1: Don't overly trust your instincts; instead of just looking at what others say, observe what is happening in the market.
2: Basic knowledge is still necessary, such as what a standard lot is, what a spread is, what a commission is, such as MACD, KDJ, moving averages, Fibonacci retracement, etc.
3: Maintain a good mindset; making a profit is normal. (Note: You also need to understand some basic knowledge.)
4: Communicate more with experienced investors, learn from others' trading methods, trading skills, and trading insights.
5. Finally, of course, keep learning investment knowledge, enrich yourself, and make daily summaries. As the saying goes, practice is the only criterion for testing truth; only through a lot of real trading can one truly be considered a beginner in trading cryptocurrencies.
Each of the above points is very difficult to achieve and requires a long time of practice. There is a long, long way to go between knowing and doing.
The five useless laws of the market circle:
1. Can buy, but not 'heavily invest'; this is useless.
2. Can heavily invest but can't hold, this is useless.
3. Not selling after the bull market ends is useless.
4. Not heavily investing in trends is useless.
5. Heavily investing in trends but unable to hold is useless; the market can multiply your capital countless times, but it only takes one time to go to zero.
These days, I am preparing for the launch of my strategic trades!!!
Comment 168 to get on board!!!
Impermanence brings impermanence brings impermanence!!!
Important things need to be said three times!!!
