Wealthy Thinking:
Today, since the market is not showing much activity and is not suitable for trading (not suitable for beginners, but I have trading experience), I want to share some thoughts on making money:
Why am I sharing this topic? Because I believe that after this round of market falls a bit more, it will then break through new highs, or after going up, a central area might form at a high position for a month or so, and we should be cautious. This upward trend has been going on for over two years now. Of course, I do not believe that the bull market has ended; rather, we need to change our thinking at the right time, prepare in advance, or adapt our mindset. At that time, I might also share some contrary trading instructions, such as: significantly reducing positions, taking profits at the top, shorting, etc.
Many people get caught in confusion and uncertainty when a trend changes direction; the turning point is inherently chaotic, and most people feel lost. Therefore, we need to prepare in advance. Are you ready? This is why I want to share with you. The main factors that interfere with us are as follows:
1. Not knowing where the top is
2. Being disturbed by various external factors, such as media news and random comments from influencers
3. Human greed; hoping for new highs when prices are high, hoping to buy at new lows when prices are low
4. Getting used to a mindset of making money in rising markets, not being accustomed to making money in declining markets
Today we mainly discuss the 4th point:
Traders trade trends (markets); an upward trend is a trend, and a downward trend is also a trend. Often, the cryptocurrency market can have a downward trend for over a year. Don't you hope to make money during that year as well? Traders only find it hard to trade when encountering narrow fluctuations. I hope everyone gets used to the reverse thinking that aligns with the trend (which differs from your past thinking). This is just a small reflection of reverse thinking in life; gradually get accustomed to it.
In the future, I will find opportunities to share more thoughts on making money, hoping they will be useful to everyone. Wishing you infinite blessings and happiness in becoming wealthy. #比特币市场波动观察