At the worst time of loss, I blew up 8 million in a 3-day contract, deeply in debt, and had a strained relationship with my family. However, the cryptocurrency world is truly magical. By chance, I received guidance from a master, and on a stormy night, I realized the true way to start from scratch and become a full-time trader, becoming a professional cryptocurrency trader. I dedicated countless days and nights to studying technology, and eventually formed my own.
A stable profit system!
The journey in the cryptocurrency world is long. I hope everyone can take fewer detours and have fewer tragedies! Having achieved financial freedom, I have continued to create on Zhihu. Many people do not understand why, after achieving financial freedom and reaching several small goals, I still want to do these things.
I have also asked myself the same question. In the process of finding my initial intention, one reason is for my dream of being a hero; I have given everything to trading, honing extraordinary skills without wanting to remain unknown!
On the other hand, I want to provide a path for those eager to learn. What I gained in the market is now a process of giving back to the market. The way of nature reminds me of the difficulties I faced for more than half a year due to leverage issues, without a clear path to follow for learning. I could only repeatedly analyze the K-line, through countless days and nights, struggling to get to where I am now. I deeply understand the difficulties faced by retail investors in the market, and I can empathize more!
The simplest and most foolish method can help you avoid losses. This trick is just common sense; as long as you have self-discipline, all cryptocurrency traders can do it.
No matter what type of investor you are, whether you are a short-term trader or a long-term investor, as long as you are in the cryptocurrency world, you must respect these eight common sense points. If you persist long-term, you will find that your account no longer suffers losses and starts to generate profits. The following content is based on my practical experience and thoughts, and I hope everyone can read it carefully and that it will provide some help to confused cryptocurrency traders.
The more you lose in cryptocurrency trading, the more cautious you should be when averaging down. Many people become anxious after being trapped in trades and do not consider exiting but instead keep adding to their positions to lower their holding costs, hoping for a rebound to make back their losses. This actually goes against common sense. The process of decline cannot be reversed in just one or two days, and averaging down is merely self-comfort. The more anxious you are, the more likely you are to make mistakes, and eventually, you will be frustrated, questioning why you averaged down at this position.
Secondly, operational discipline must be strictly enforced. Many cryptocurrency traders will develop detailed plans before the market opens, such as determining at what market drop they will take action and at what price they will enter individual coins. However, during trading, they are often easily swayed by stimuli and temptations. If you cannot even execute your plan properly, then you are not trading in the cryptocurrency market but gambling. Most of the operations made at the moment of trading are likely to be wrong.
Third, avoid frequent trading. Many severely loss-making cryptocurrency traders are those who engage in ultra-short trades, while those who treat cryptocurrency trading as entertainment and do not have advanced skills will not suffer significant losses even with long waiting periods.
Fourth, avoid continuously adding to your position in trading. In the country, people throw money around, but in life, they must patch things up. However, this is a very real depiction. Before having the ability to make money, do not keep adding to your account, especially if it affects your standard of living. Losses indicate a flaw in your trading system. At this time, you should not use additional funds to fill the hole. Instead, you should reflect and calmly explore an effective method before increasing your efforts.
Fifth, missing out on opportunities will not lead to losses, but chasing highs often results in cutting losses. In the circle, there is a common phenomenon where stocks that you have your eye on but did not participate in perform well. However, when you want to buy at a high price, it often crashes immediately after you buy. The reason is that the business operations have not changed; try to choose mid-line prices as a reference. Stay away when prices are low and avoid standing guard at high prices.
Sixth, trading cryptocurrencies should follow the trend. There are three trends: upward, downward, and sideways. Undoubtedly, during a downtrend, participating with light positions or even without positions is much more successful than trying to participate during an uptrend.
Seventh, do not touch assets that are in a downtrend without signs of stopping. Averaging down in a downtrend is like catching a flying knife with bare hands, putting yourself in danger. You must wait for a significant volume bullish signal to appear, which indicates a stop in the downtrend, and only then can you gradually buy in. This is the right-side buying method; blindly averaging down will only lead to deeper traps.
Eighth, never trade based on research reports or rumors. Many retail investors are attracted to rumors and make big mistakes. Using common sense to think about why others are quietly making money without bringing you along is crucial. If a piece of news reaches your ears as a retail investor, it is because the main force wants you to know, wanting you to take over the shares. In such cases, many will be trapped. Remembering the above eight common sense points can help you avoid the vast majority of losses. Many times, many technical patterns can be clearly explained with common sense; everyone is just blinded by the cryptocurrency world.
Remembering the above eight common sense points can help you avoid the vast majority of losses. Many times, many technical patterns can be clearly explained with common sense; everyone is just blinded by the cryptocurrency world.
Acquaintance is fate, and knowing each other is a bond. V God firmly believes that fated encounters will eventually happen, while those without fate will miss each other by destiny. The journey of investment is long, and momentary gains and losses are just the tip of the iceberg along the way. One must understand that even the wisest may have moments of error, and those who think deeply may still find success. Regardless of emotions, time will not stop moving forward because of you. Pick up your frustrations and stand up to move forward again.
I am V God, having experienced multiple bull and bear markets, and I have rich market experience in various financial fields. Here, I penetrate the fog of information to discover the real market. More opportunities to grasp the 'wealth password' await, allowing you to discover truly valuable opportunities. Don't miss out and regret it later!
Teaching someone to fish is better than giving them a fish. For investors, whether beginners or experts, the gains from V God are not just financial but also growth in investment knowledge and experience. In the process of following V God’s investment strategies, V God will not only provide analysis ideas for market conditions, basic knowledge for watching the market, and usage methods for various investment tools but will also bring insightful fundamental interpretations, insights into the chaotic international situation, and help identify various investment forces, allowing you to become both a winner and an expert in your investments!
To walk in the cryptocurrency market, one must grasp the seven major trading principles, and one must thoroughly understand the offense and defense of investment to remain steady amidst the wind and to turn danger into safety in traps. V God has roamed the market for many years, well-versed in its opportunities and traps. If your investments are not going well and you feel regretful about your losses, you can contact V God, and I will correct your past; if you are already in profit, I will teach you how to maintain your gains; if you are still lost and lonely in the market, I am willing to guide you forward. The real tragedy in trading is not how much you suffer but how many opportunities you miss! Seize the present, and let us move forward together. I am V God, someone who aims to leave a name in this circle in the future.
V God has roamed the market for many years, well-versed in its opportunities and traps. If your investments are not going well and you feel regretful about your losses, you can contact V God and leave a comment with '999' in the comments section.
