In the wave of the bull market, remember not to be blindly impulsive!
Yesterday, I was chatting with a friend in the currency circle. She shared her secret of earning up to 100,000 US dollars per month, mainly through precise trading strategies - buying at low prices and selling at high prices. What is admirable is that in the past six months, she has neither ventured into the popular field of inscription nor suffered from the fluctuations of Bitcoin, which is undoubtedly a remarkable achievement.
Everyone has their own unique way to make money in the currency circle, but in the final analysis, as long as you can make stable profits and protect the results, that is the right path. We don’t need to worry too much about whether the way to make money is “orthodox”. Money itself is not right or wrong, nor does it have good or evil attributes or emotional color. Therefore, when dealing with ways and money to make money, we should maintain a normal mind and avoid any bias or emotion.
In a bull market, the core strategy we should adhere to is to buy. Avoid frequent buying and selling, as this is not only futile but may also cause you to miss out on huge gains. You just need to buy and hold, no matter how much money you invest, holding is a wise move. Of course, holding does not mean you will definitely get rich. The market is always full of variables, and the value of assets may disappear overnight. But as long as you have firm beliefs and don't sell easily, you will at least avoid missing out on the opportunity for sudden gains due to premature selling.
In fact, those who buy and sell frequently are at the same risk of going zero as you are. And if you choose to hold, you eliminate the possibility of missing out on the surge due to premature selling, which virtually increases the chance of success and the potential to get rich.
Although holding seems simple, it is not easy in practice. So, how can we hold it firmly?
I think the most critical thing is not to rely on a deep understanding of the market or a comprehensive understanding of the project. Because the market is unpredictable and projects are more complex than we imagine, we can never fully grasp all the information.
I think the most important thing is psychological construction. Tell yourself every day that you have the ability to realize your dream of getting rich in this market. Under the premise that risks are controllable, firm belief and belief that you can seize opportunities will bring you a huge psychological advantage.
Because only in this way can you stay calm and rational amid market fluctuations and truly realize your dream of getting rich.