Now my daily routine is: 6:30 AM, wake up and run, without fail.
In the morning, I usually review the previous day's trades along with updates from the night, combining my positions and specific situations to make trades or small operations, enhancing my market feel. Then I spend two hours summarizing my review; this is the most important task in the morning, with the goal of making a good profit in the evening!
Then write an investment article and post it in the square; it can also be a record of your trading and life, so that you have a place to reminisce when you grow old. When you have time, you can also write an investment experience and insights, helping others and yourself.
The logic of trading coins is the self-cultivation of old investors. Humans are not particularly advanced animals, and the same mistakes can be made many times. Ma Dong said: 'The true history of humanity is that when encountering a pit, you fall in, and then forget; encounter the pit again, fall in again, and then forget again...' This statement is absolutely correct; there have been too many instances of repeating mistakes in history.
Investing is the same; how many people, after chasing highs and selling lows, want to cut their hands off: but when the next big rise and fall comes, they want to make the same mistake again?
Therefore, if you want to achieve financial freedom sooner, you need to establish a basic logic for trading coins, remember it, and repeatedly practice until it becomes instinctive.
Establishing a logical premise for trading coins has two aspects:
First is cognition. How big is the future of blockchain? When Bitcoin was one dollar, if you told everyone it would be twenty thousand dollars in a few years, they would think you were crazy. However, looking back at past experiences, those 'crazy people' have underestimated Bitcoin. Blockchain has evolved from Bitcoin's dominance to a hundred flowers blooming, with other quality tokens now holding greater value.
So, how big is the value of blockchain? I believe it will recently exceed the market value of gold, in the medium term, it will surpass the stock market, and in the long term, it will exceed the total wealth humanity has created so far. There are too many articles about this; I won't go on.
In the trading circle, you will find an interesting phenomenon: the more skilled people are, the more aggressive they tend to be. Those who are more knowledgeable, wealthy, and cultured than you are even more radical. What does this indicate?
Do not let poverty limit your imagination.
My idol Fu Sheng said, 'The only difference between people is their cognition.' I feel it aligns with what Wang Yangming said about 'unity of knowledge and action.'
‘Heightened consistency. What Wang Yangming said about the unity of knowledge and action means that it’s not about matching action with cognition, but that if you realize something, you cannot not act. If you haven't acted, it means your understanding is not yet complete.
Secondly, a strong psychological quality is necessary. Some people are born with it, like Bao Er Ye: besides such naturally gifted individuals, others may need some experience and training, going through ups and downs. Without a calm mindset, it is easy to chase highs and sell lows. I have a friend who, in the major drop of 1994, was short on cash and cleared out his holdings. I asked him, 'Since it's dropped so low, why clear out? If you are going to clear out, at least leave 20-30% so that if it rises, you can recover your costs?'
He told me that watching it makes him anxious... How can such a mindset make big money?
After passing these two hurdles, I have summarized some trading philosophies for achieving financial freedom! The logical thinking (depth) of mixing in the market.
Right knowledge, right heart, right mindfulness.
We traders need to achieve theoretical confidence, confidence in our path, confidence in technology, and confidence in culture; only then can we be the true advanced productive forces and advanced culture.
Trading is a large financial trend that is an inevitable result of the development of blockchain technology; it reflects a new productive force in society. Although it is currently in a rather awkward state, the government hasn't declared trading digital currencies illegal; at most, it is a gray area.
With the development of blockchain technology further empowering the real economy, trading coins will be recognized by the state just like the stock market. Our future is tortuous, but the path is bright; we must have confidence. Trading actually requires mastering economics, psychology, logic, game theory, etc.
We also need to master certain candlestick techniques and at least grasp some concepts of blockchain technology. Achieving a good outcome truly requires experience and a demonstration of skills.
If you want to achieve results from this, I have also tried to sort out which factors are most likely to influence our ability to earn money.
Investing with spare money.
If someone is using a credit card or even borrowing money to gamble in the market, they will definitely not make money. Your mindset is poor, and the results will not be good. Being anxious all day makes it easier to chase highs and sell lows. If you invest with spare money, it means the money you use does not affect your future life. Even if you lose it all, it is worth it; this way, you can actually make money. This is called 'unintentionally planting willows and getting shade'.
Master psychology.
In the context of a bull market, many people from various industries naturally enter the trading circle, but they all overlook the management of risks. On a deeper level, they do not grasp human nature thoroughly enough. Therefore, this tuition fee must be paid!
There are human weaknesses involved: greed, anger, and ignorance! Once you buy, you keep staring at it, wishing to earn ten or a hundred times immediately. It's easy to be led by the market, easy to chase highs and sell lows. Do you think you can remain unaffected, with a calm heart? Ask, who can do that? Why does chasing highs and selling lows actually stem from greed, anger, and ignorance? Whoever can overcome these better can earn big money.
Why is there FOMO (fear of missing out) psychology? Especially why do those affected by this fear find it hard to remain calm?
People often say losing money isn't that painful. The more they think so, the less calm they are, leading to impulsive decisions. Naturally, this results in rushed consequences in the trading circle.
The circle determines your connections; the quality of the circle also determines the height of cognition. Different circles naturally yield different results. A group focused on trading will naturally give you motivational talks without real value. Therefore, we should actively meet some high-level people, such as joining mining groups, blockchain groups, and different trading groups, and pay attention to news and updates in relevant professional circles.
Acquiring first-hand information is essentially mastering the information gap. This is also a reflection of 'fast fish eating slow fish.' For instance, yesterday the Bunny coin (BUNNY) suffered a rapid loan attack, causing its price to drop from $241 to $2.20. Some were first to acquire the information and bought in. Within half a day, the token's price rose back to $71. In any case, some made millions or tens of millions in just a short time.
When we realize the price has already risen significantly, entering then increases the risk and causes missed opportunities; this highlights the importance of being in the right circle. Knowing in advance during the times when most people are unaware is a typical information gap. In this age of the internet, information spreads quickly, and opportunities are fleeting!
Maintain a learning ability.
Every day, the amount of information in the coin circle is overwhelming; we must master the principles and technologies of blockchain. We need to understand the principles and logic of various tracks. Those are the genuine public chains that represent the direction of future development. Those have the potential to lead the trend of the times. We should ambush them at the private placement stage or when the prices are low.
What I see most often in various groups each day is how much someone lost. In my opinion, many are buying worthless coins and scams that have no value. Naturally, they will lose! Many newcomers have no understanding of what a public chain is, what tracks exist, and what their utility is. Blind investing leads to predictable outcomes. Some are completely fabricated false logics. If you make the wrong choices, your efforts will be in vain. Zeroing out and running away, etc.!
In addition, avoid these four shortcuts to losing everything:
1. Chasing highs and selling lows;
Futures leverage;
Financing and coin trading;
4. Short-term god operations.
The road is long and arduous; I will seek to explore! Merely watching the thief eat meat without seeing them get beaten is not acceptable. Have you felt the cruelty of the trading circle from the recent regulatory policies? Wanting to get rich is not a one-day effort!
Writing is also a form of cultivation, helping oneself and others.
The coin circle is filled with various investment theories and strategies that leave people confused about their choices. But despite the changes, some basic knowledge in the coin circle is something every investor must firmly grasp.
1. Understand the logic of market fluctuations.
Before deciding to invest in the trading circle, first clarify the logic behind the price fluctuations. Always remember, there is never an unjustified rise, nor is there a fall without reason.
The fluctuations in the coin circle are definitely not just a matter of a bunch of people focused on finding reasons after the fact, saying it’s so complicated. Short-term fluctuations ultimately come down to market manipulation by speculators, which does not require reasons and cannot be predicted.
So what supports long-term growth? Simply put, it's the cycle. Why does a cycle exist? Because human nature leads to a herd effect, causing the market to oscillate between optimism and pessimism, forming cycles.
Thus, patience becomes the key to victory.
2. How to invest in the coin circle.
Value investing, buy during a bear market, sell during a bull market.
Warren Buffett said well, 'When others are fearful, be greedy; when others are greedy, be fearful.' This is the philosophy of value investing.
(Unfortunately, most people become even more fearful when others are fearful.)
Applying it to the trading circle is actually quite simple: find high-quality and inexpensive coins to buy at a reasonable price. Of course, such opportunities generally arise in a bear market. In a bull market, even the best targets are filled with bubbles.
Of course, this process is very contrary to human nature. Why? Because humans are herd animals. When 99% of people believe there is no bull market, most people will follow along. What to do? Improve investment levels.
The recently laid out plan is about to be initiated!
Comment 333, no long on the bus!
