Fifth Advice

Fortune does not enter a home without virtue, and wealth does not enter through a hurried door. In what conditions is water suitable for nurturing all things? Is it true that water is suitable for nurturing all things when it is still? Therefore, when you make profits from trading, please do not be overly arrogant, and when you incur losses, do not excessively blame yourself.

You must understand the principle of 'profits and losses come from the same source.' Regardless of whether you are in profit or loss, take time to reflect on yourself, and ask yourself why this trade was profitable, and why this trade resulted in a loss?

Remember, young one, that a person with emotional instability cannot trade well.

Sixth Advice

Do not trust too much those who share their profitable positions; they may only have made a profit on a single position.

In reality,

many are

at a loss, and they are likely sharing their profits to gain your approval, thus intending to take advantage of you.

Seventh Advice

Those who play contracts will ultimately go to zero; the accuracy of this is as high as 99%. Do not doubt it, because human desires are endless. Very few people can truly quit their gambling nature and trade rationally.

If you trade a hundred times and lose control once, all previous profits plus your principal will vanish into thin air.

Eighth Advice

If you want to trade well, you should have your own understanding and capability, rather than just following others' opinions blindly. Just like when a certain blogger shares their profitable experiences, they can profit from that set of theories, but when you adopt that same theory and incur losses, it's often due to personal factors. It's like reading Wang Yangming's philosophy; just because you've read it, does it mean you can achieve 'unity of knowledge and action' like Mr. Wang Yangming?

Therefore, developing your own profitable theory is the golden key to stable profits. Treat others' experiences as fertilizer, serving as a reference standard for whether your own theory is feasible or not. As a seasoned cryptocurrency investor, I share my experiences and insights for free. Interested in the cryptocurrency world but don't know where to start? Follow me to see my insights and guide you to achieve freedom in this bull market.