The first piece of advice is that the cryptocurrency market has gone through the period of wild explosion. The next stage is the stage of formal financialization and the stage of capital institutions competing against each other. Don't dream of making a coin tens or hundreds of times. According to the current market sentiment, coins that can increase tenfold are rare. Even if the bull market really comes, there will not be many coins that can increase more than tenfold.
The second piece of advice is that investing in new shares in the primary market does have a small investment and a big return, but those who recommend you to invest in the primary market will not tell you that 99% of the projects will go to zero. Even if you are listed on some small exchanges, some KOLs will most likely ask you to hold on when they are throwing chips, and they will take a step ahead.
The third piece of advice is that you can make a lot of money by playing with all positions and maxing out the multiples, but you can also lose a lot of money. I don't think anyone will tell you that the essence of cryptocurrency trading lies in rolling positions, not how much profit you make from a single order.
The fourth piece of advice is that generally speaking, when someone is crazy about CXing a certain coin, it is basically coming to an end. At this time, if you have previously held this coin, you can consider getting out. If you do not hold this coin, it is best not to enter the market at this time, because there is a 90% probability that you will take over.
The fifth piece of advice is that if you are a college student, please focus on your studies and cryptocurrency trading. If you are a young person under 25 years old, please focus on improving yourself and cryptocurrency trading. If you are a young person under 30 years old, please focus on choosing a stable income and cryptocurrency trading. Trading is a hard battle, not a one-day battle. At the same time, trading is a time-consuming journey. Even a talented trader needs to continue for five years to achieve financial freedom. Having an excellent off-site earning ability and a platform that can provide its own sustainable capital supply will have a multiplier effect on our success.
The sixth piece of advice is that blessings do not enter a home without virtue, and wealth does not enter a hasty door. Under what circumstances can water nourish all things? Is it suitable for all things to nourish when water is still? So, when you make a profit in trading, please don't be too arrogant, and when you make a loss in trading, don't blame yourself too much. You must understand the principle of "profit and loss come from the same source". Whether you make a profit or a loss, you must summarize yourself from time to time and ask yourself why this order is profitable, and why this order is a loss? Remember, a young man, an emotional person cannot do a good job in trading.
The seventh piece of advice is that others will not easily tell you about making money. If someone tells you how much you can earn by investing in this coin, then you have to be careful, because it is possible that he just wants to make a quick buck from you.
The eighth piece of advice is not to trust too much those who post the returns on their holdings. It is possible that they have only made a profit on a certain position, but in fact, many have negative returns. The probability is that they post the returns just to get you to recognize them so that they can harvest your profits.
The ninth piece of advice is that people who play with contracts will eventually return to zero. This accuracy rate is as high as 99%. Don't disbelieve it, because human desires are infinite. Few people can really give up gambling and rationally do every transaction. If you trade a hundred times and lose control once, the previous profits + principal will be wiped out. The tenth piece of advice is that you should pay attention to some bloggers who share their experiences, rather than those who brainwash/promote/or make profits. Think about it, what can you learn from paying attention to them?
The eleventh piece of advice is that if you want to do a good job in trading, you should have your own insights, rather than just following the opinions of others. It is like a blogger sharing his profit experience. He can make a profit from this set of theories, and when you hold this set of theories and suffer losses, it is mostly due to your own factors, just like when we read "Wang Yangming's Mind Learning". After you have read the Mind Learning, can you achieve the same "unity of knowledge and action" as Mr. Wang Yangming? Therefore, figuring out your own set of money-making theories is the golden key to your stable income. The experience of others can be used as fertilizer, and as a reference standard for whether it is feasible when building your own theory. The twelfth piece of advice is to make more friends with some old people in the currency circle, even if he is a person who has been trading for many years and still loses money. Because you get along with him more, you can find out the reasons for your own losses. You can avoid some of the reasons for his losses in time and trade in the opposite way to him. As a result, you will find that hey~it turns out that making money is so simple