Recently, the cryptocurrency market is filled with noise, dissatisfaction, and complaints. However, upon deeper reflection, what benefit does such sentiment bring? Only calm responses, pausing trading, and waiting for the market to stabilize can lead to new opportunities. Below, I will share some points from my deep insights and reflections:
1: The Harmonious Coexistence of Strategy and Mindset: Only by combining investment strategies with psychological factors can we hold onto our positions without fear of market declines when going long, or fear of market rises when going short. The rise and fall of the market have been carefully considered before placing orders. Placing orders is a reflection of deep thought, not something to fear after the fact. The market's rise and fall do not change based on our fears after placing orders. So why not face it calmly? Stop loss when it reaches the stop loss point, take profit when it reaches the take profit point. Apart from that, we should observe market fluctuations as if we do not have any positions, and with a calm mindset, formulate fully-conditional strategies for the next investment attack.
2: The Power of Persistence and Focus: Many people are kept out of the successful investment market forever due to doubts and inability to consistently follow a good trading system. The market always forces us to change our trading strategy; once changed, failure is certain. The entire secret of trading is: consistently stick to your trading system. The success of investment does not depend on how powerful and excellent your tools are, but on whether you can effectively use your trading tools. On the road to wealth dreams, the most effective strategy is to focus and persist with a good trading system. Focus and persistence can generate incredible power. When you truly achieve this, you can create miracles that even you cannot believe.
3: The Wisdom of Increasing Positions: When in profit, it is a good opportunity to increase positions; when in loss, averaging down is not a wise move. The thought of averaging down often stems from impulse and blindness, and is actually a pitfall for retail investors. When faced with the temptation to average down, it is worth asking yourself: if I were not in a position right now, would I still enter the market? If there is no clear system signal, why rush to average down?
4: The Art of Time: Time is a master artist that will slowly smooth out your excessive profits, making you return to being an ordinary person. Do not fantasize about getting rich overnight as it will make you lose your sense of balance. So, remember three words: do it slowly. When you learn to slow down, you will begin to view yourself and your environment more objectively. When you are more objective, you can at least be safer. When you can make yourself a little safer, you can effectively protect your earnings. When you can effectively protect your earnings, your wealth can gradually accumulate. Small fortunes come from oneself, but great fortunes are in the hands of fate. Whether futures can change your destiny does not depend on futures; it is merely a tool; the key lies in your heart.
5: The Philosophy of Gains and Losses: This is also a question I discovered later; there can only be three types of trades in trading records: small profits, small losses, and large profits. There cannot be large losses. Whatever the system, it is built on this premise. Small profits are those that have some gains but are eventually taken out by follow-up stop losses. Small losses are the stop loss trades. These two types of trades usually offset each other, meaning I generally don't make much profit in my trading. However, once a significant trend occurs, it is sufficient. Are such trends rare? No, they are quite frequent. It’s just that many times, the oscillations and small profits and losses only consume time. As long as you maintain your execution, with a little more time and patience, it will naturally bear fruit.
6: Identify the techniques that suit you, as these techniques represent your trading advantages. Whenever your technical advantages appear, trade decisively and boldly each time, firm in your beliefs, and let probability decide the rest!
7: The Art of Trial and Error in Profit: Trading itself is an ongoing trial and error process, exchanging smaller losses for larger profits. Futures are a method that strictly controls the loss ratio and closely follows market trends, using continuous small losses to test and capture significant market movements.
8: Overcoming Fear and Greed: Human nature always feels fear when faced with continuous losses in a system, and due to fear, one may hesitate to follow system signals closely, even starting to doubt the trading system and halting trading. This leads to failure or abandonment, driven by fear. Some investors always feel that such methods of making money are too slow and constantly seek a better and faster way to earn, like a monkey picking corn, finding one and abandoning another, spending their whole lives in this search; this is the work of greed!$BTC
