Why are retail investors more obsessed with short-term trading?
The desire to get rich quickly and the desire for quick success are shortcomings that every retail investor has.
It is actually very easy to double your money in 10 years, but the premise is that your capital must be large enough.
You have 20 million and it doubles in 10 years, which is 2 million a year, which is the income of a working gold-collar worker.
But you only have 100,000 capital, but you also play the game of doubling your money in 10 years. I dare to ask how many 10 years you have in your life? What you lose is not time, but also opportunity costs and sunk costs. How can you compete with rich people in the long run?
Therefore, if you are a retail investor, you need to practice the ability to double your money in 10 years. Although it is difficult, you must continue to improve your rate of return, and at the same time work hard to make money and increase your capital.
When the capital is large enough, one day you can also play the long-term calmly.
In the cryptocurrency circle, you need to be strategic when taking risks. You need to set a stop loss point for yourself and know when to withdraw.
Buying at the bottom may seem to make money quickly, but if you follow the trend, your money will easily go down the drain.
I am Dafu.
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Whether it is spot or Heyue, a slight move may be your limit. The opportunity is short.
You must seize it! Success is not based on luck!
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