A few days ago, I had a chat with a big cryptocurrency trader. He said that he entered the cryptocurrency circle with 500,000 yuan, and his losses once left him with only 50,000 yuan. Now his assets are tens of millions. What helped him change his fate was to persist in learning and improve his cognition. He talked to me about why most people can't make money in the cryptocurrency circle now. I roughly summarized the following points, which are full of gold content. I hope that friends who read them will be inspired

1. Some traders have a weak foundation, narrow knowledge, and inadequate cognition. They can only look at the market, follow the crowd, chase ups and downs, and stop losses back and forth

2. Many investors have been in the cryptocurrency circle for many years without real progress, because they have not found the real reason for making money and losing money

3. When playing in the cryptocurrency circle, most people are blindly guessing, and making money is just accidental. Only very few people have the correct logic

4. Don't be impulsive or aggressive, because impulsiveness and aggressiveness can easily lead to losses. Most people who lose money in the cryptocurrency circle have wrong ideas and methods, and don't know how to change

5. Why is it difficult for people who lose money to change the state of losing money, because you need the ability and method to see the results ahead clearly to really change. Being stuck in one's ways and unable to move forward is the inertia of all animals in the world. The first step is difficult to move forward

6. Most people do not have the ability to distinguish between true and false, and they learn whatever they see

7. When investing, some people do not understand it themselves, and after learning and listening to the ideas and methods of many teachers (KOL), they find that they do not understand it even more. Most people do not have the ability to distinguish between true and false, and they learn whatever they see

8. If you make contracts based on news without investigating and verifying, you will not be able to hold on to orders and will easily lose money

9. If you do not understand economics when investing, you will often suffer a big loss when a major turning point comes

10. Some people suffer a big loss because they do not believe that they can turn the tide when the macro trend comes. If you do not work hard to study the correct supply and demand analysis methods and macro direction, and always repeat the wrong methods, you will not be able to move forward

11. In fact, there are many strategies in the currency circle, and you need to find the one that suits you. For example, I first judge the macro trend, then find the support level to buy, and the pressure level to sell. Ignore short-term losses. The key is to judge whether the trend exists, protect your own capital to survive, and look for opportunities.