A mature trading model, a stable mindset, and accumulated luck; none of these can be missing.
The cryptocurrency circle is all about speculation, and it is a tool for Americans to harvest global wealth. So ordinary people should not think about making a big fortune in one go, but instead take steady steps and accumulate little by little.
This is a cannibalistic market, as well as a market that creates myths. It is a paradise for speculators and a hell for gamblers. The 24/7 trading hours can be addictive, and the 100x leverage can drive people insane. I have experienced turning 15 times in one night and also lost 40,000 in one go.
U. Looking back suddenly, the bittersweet experiences are hard to express. I can only share my own experiences, hoping you can understand trading from another perspective. Let's encourage each other.
It took me nearly two years to truly earn my first pot of gold in the cryptocurrency world. I started engaging in contract trading in 2018, fearless at the time. With my own strength, I lost over 800,000 in six months while still working. Although most of it was my own savings, I didn't dare let my family know because they didn't understand or support me in this endeavor from the start. I think the most painful part wasn't how much I lost, but the feeling of loss—the negative emotions under long-term pressure made me feel gloomy.
In the following year and more, I continued to earn and lose, but became increasingly familiar with the trend of Ethereum, slowly forming my own market intuition and trading rhythm.
Perhaps due to good luck, in the 20-year bull market, with the surge of Ethereum, my trading system has gradually matured. The points for intra-day swing trading have become more precise, and emotional control has significantly improved. This year, in addition to recovering previous losses, I also earned an additional 800,000 USDT. Until now, my trading strategy has been to trade with 30,000 USDT, double it, withdraw, and after a liquidation rest and adjust, continue to reinvest for trading. This approach is also a form of capital risk control. I only trade intra-day, absolutely do not hold overnight, and absolutely do not hold losing positions to avoid being caught in extreme market conditions.
After 20 years of full-time trading, I have gained more insights into this market; in the cryptocurrency world, one day is like a year in the human world. The market shifts between bulls and bears, as long as...
With volatility, engage in certain swing trades; it doesn't matter whether it's bullish or bearish, you can make money. Sometimes it's necessary to avoid letting your subjective judgment interfere.
The objective trend of the market is influenced by too many subjective judgments. Once the market goes against you, it's easy to hold on to losing positions. So just trade with the trend. There are actually unlimited opportunities in the market as long as you try to avoid repeating mistakes, such as holding against the trend or over-investing against the trend, you can preserve your capital and definitely make profits in the market.
Time flies, and I have already spent five years in the cryptocurrency world. I am still trading now, and I have some surplus, but my mindset has changed. Many things have become less important to me, and I have come to love life more and enjoy simplicity.
Finally, I wish you fewer obstacles on your trading journey, moving towards wealth, and you are welcome to communicate on my homepage. I write on Zhihu more to find like-minded people to move forward together. The trading path is very lonely, and having someone to accompany and communicate with is a very happy thing. I hope you take fewer detours on your quest for wealth.
