Can you get rich overnight in the cryptocurrency world?
Let me talk about myself. After nearly 6 years of trading cryptocurrencies, I have gradually achieved financial freedom.
Stage 1: I entered the cryptocurrency world with 50,000, just in time for a bull market, and directly reached 5,000,000. I thought I was the chosen one [but it was actually all luck].
Stage 2: Thinking I had become the chosen one, I successfully turned 5,000,000 into -200,000. [Profits from luck, losses from skill].
Stage 3: Unwilling to give up, I borrowed 500,000 to pay back friends, and after several years of learning and experience, I finally earned 15,000,000 this time through skill and luck. [Skill + Luck].
Determined to trade cryptocurrencies for a lifetime, I now support my family through trading. After 6 years of ups and downs, today I share my hard-earned experiences:
1. Never chase high prices to buy cryptocurrencies; you must have the mindset that it can rise as much as it wants, treat the cryptocurrency as if it doesn't exist.
2. There are only two types of cryptocurrencies: those you buy at the right price are good coins; otherwise, they are garbage. The best coins are those bought at significant levels; patiently wait for these to become truly outstanding coins, this is the right mindset.
3. In fact, the most important thing in trading cryptocurrencies is the mindset. Many people know it's not the right buying point, but they can't help themselves; this is a mindset issue. If you don't solve this, no theory will help.
4. The mindset must be stable; don't get emotionally attached to any cryptocurrency or price level, only look at market signals. You should have feelings for buy and sell points. If your skills are good and your capital is large, for example, you can operate weekly or monthly, you can build positions in batches, and you can diversify positions. Then, there's no issue of timing being too late.
5. The reasons for mistakes are never related to the market. To find the reasons, you can only look for your own reasons. Every mistake must be summarized immediately.
6. The desire to make money quickly is a major taboo for us cryptocurrency traders. If you can't control your own heart, can't control your greed and desires, you can't succeed in the market for long. There are two forms of mindset: when you hold the coins, your thinking is controlled by the bulls; conversely, you become a slave to the bears.
Market sentiment accumulates and is guided by this. Those who can't break free from this state will forever be untrue market participants.
Don't run around like a headless fly in this bull market anymore! Comment and leave a message 111, and let's position ourselves for this bull market together.