The first piece of advice
The cryptocurrency market has moved past its explosive phase, and the next stage is formal financialization, the stage where capital institutions compete.
Stop dreaming about picking a coin that can multiply by dozens or hundreds of times. Given the current market sentiment, coins that can multiply a hundred times are extremely rare.
Even if a real bull market comes, there won't be many coins that can multiply by more than 50 times.
The second piece of advice
Investing in the primary market can indeed yield high returns on a small investment, but those who recommend you play in the primary market won't tell you that 99% of projects will end up at zero.
Even if you are on some small trading exchanges, when certain KOLs are offloading, they will likely tell you to hold on, as they have already made their exit.
The third piece of advice
While playing contracts with full leverage can earn a lot of money, it can also lead to significant losses.
I don't think anyone will tell you this, but the essence of trading cryptocurrencies lies in compounding, not just how much profit you made on a single trade.
The fourth piece of advice
Generally speaking, when someone is frantically trading a particular coin, it usually means we are nearing the end.
At this moment, if you have already held this coin, you might consider exiting.
If you do not hold this coin, it is best not to enter the market at this time, as there is a 90% chance you are just picking up the pieces.
The fifth piece of advice
If you are a college student, prioritize your studies, with trading as a side activity. If you are a youth under 25, focus on self-improvement first, with trading as a side activity. If you are under 30, prioritize finding a stable income, with trading as a side activity.
Trading is a hard battle, not something that can be achieved overnight. At the same time, trading is a time-consuming journey. Even exceptionally talented traders need to consistently work for five years to achieve financial freedom. Having strong off-exchange earning abilities and platforms that provide your own sustained funding can significantly enhance our chances of success.
The sixth piece of advice
Fortune does not enter a home without virtue, wealth does not enter through hasty doors.
Under what circumstances can water nurture all things? Is it when water is still that it is suitable for nurturing all things?
So, when you make a profit from trading, please don't get overly arrogant. When you incur a loss, don't be too hard on yourself. You must understand the principle of 'profits and losses come from the same source.' Regardless of whether you are in profit or loss, you should occasionally reflect on yourself, asking why this trade was profitable and why that trade incurred a loss. Remember, young one, a person with emotional volatility cannot trade well.
The seventh piece of advice
People won't easily share how to make money. If someone tells you that investing in this coin will yield a lot, you need to be cautious, as they may just want to profit from you.
The eighth piece of advice
Don't trust those who publish trading profits too much, as they may have just made a profit on a single position, while in reality, many are losing. The ones who publish are likely trying to gain your recognition to achieve their own profit at your expense.
The ninth piece of advice
Those who trade contracts will eventually lose everything, and the accuracy of this statement is as high as 99%. Don't doubt it, because human desire is limitless, and very few can truly quit gambling and conduct each trade rationally.
After trading a hundred times, if you lose control once, all previous profits and principal will evaporate.
The tenth piece of advice
To trade well, you should have your own insights, rather than blindly following others' opinions. Just like how a certain blogger shares their profit experiences, they can profit from that theory, while you may incur losses if you blindly follow it. It's like reading Wang Yangming's philosophy; just because you read it doesn't mean you can achieve 'unity of knowledge and action' like him.
Therefore, discovering your own money-making theory is the golden key to stable profits; treat others' experiences as fertilizer and use them as a reference standard for building your own theory.
The eleventh piece of advice
Interact more with veteran traders in the crypto space, even if they have been trading for many years and are still in the red. By spending time with them, you can discover the reasons behind your own losses and avoid their pitfalls, trading in the opposite direction, and realize, hey, making money can be that simple.