One thing is clear, there are many wealth opportunities in the cryptocurrency market, and whether you can make money depends entirely on yourself. If you lose money while others make money, you should reflect on it. Others must have done something right to make money, what to do, what not to do, when to do it, when not to do it, when to sleep, and when to work hard...
I have summarized many classic quotes, hoping that they will be helpful to both new and old non-vegetarians.
First, don’t hold on to a position. The profits you make from holding on will sooner or later be returned to the market because of “holding on”.
Second, do not guess the top or bottom; the profits from guessing will eventually be returned to the market due to 'guessing'.
Third, do not guess the top or bottom, as you might still be halfway up the mountain.
Fourth, do not rely on news, as this is 'guessing' the top and bottom.
Fifth, do not easily exit when in profit, as you might be running halfway up the mountain.
Sixth, do not get excited when you see large bearish or bullish candles, as they might just be a 'performance' for the retail investors by the market makers.
Seventh, do not assume that the market you see is the last wave; as long as your capital is still there, there will always be market opportunities.
Eighth, do not trade frequently; it will not only make you lose sight of the big direction and increase the chances of making mistakes, but it will also raise trading costs, making it not worth the effort.
Ninth, do not go against the trend; if you are right, hold on tightly, and if you are wrong, run quickly.
Tenth, do not buy because the price is low, and do not sell because the price is high; do not act rashly as long as the trend has not changed.
Eleventh, do not treat trading as your main job, and do not watch the market closely; the time spent watching the market is inversely proportional to your profits.
Twelfth, do not easily believe others' opinions; in the end, only yourself is worth trusting.
Thirteenth, do not make big mistakes; missing an opportunity is not a big mistake, making a mistake is not a big mistake as long as you stop the loss; only high leverage and holding on to a losing position until liquidation counts as a big mistake. No matter how many times you were right before, if you make one big mistake, all previous successes are nullified, and compound interest will be interrupted.
Fourteenth, if you want to gain something in the crypto world, you must stay away from people who drain your attention; the proportion of such people is higher among women, and those people just chat aimlessly all day, wasting time and energy, ultimately leading to nothing.
Fifteenth, if you do not have enough knowledge, even following others' trades will not make you money, as countless facts have proven; the market changes too quickly to keep up. In any investment market, slow is fast, and fast is slow; do not look down on investors with an annual return of 20% in the cryptocurrency space. In the crypto world, if you do not have tens of times the return every year, you will always be looked down upon. I am planning to ambush a project that will skyrocket in the short term; doubling is not a problem. Friends interested in spot trading but lacking direction can like and comment '333' for free sharing.
