A person can make money in a bull market only with three rounds of bull markets.
Recognize this market through one round of bull market, understand yourself through another round of bull market, and finally, recognize the game between yourself and the market through the last round of bull market.
Leeks are leeks, and the money blown by the strong wind will eventually be blown away by the strong wind.
Later, in the cryptocurrency world from 2017 to 2019, I initially made quite a bit from spot trading in 2017, but unfortunately got involved with high-leverage contracts and options, which made the forms of loss even richer. However, despite different paths, it ultimately led to having nothing.
If in the end you say you can't make money, it's because making money won't come.
The reason for selling is one-dimensional, while losing money in the cryptocurrency world is multi-dimensional. The bull market frequently switches between long and short positions, playing wildly with high leverage, buying options carelessly, living on the edge.
So by the time of the great bull market in 2020, I learned my lesson, removed high leverage, avoided options, and also learned to make money while selling. At that time, many newcomers did not understand why I repeatedly emphasized not to touch contracts, and that profits must be withdrawn, until they encountered 519.
The price of Bitcoin has been fluctuating back and forth these past few days. I won't mention the contract traders; when the price rebounds, their positions are gone. Here I want to tell the spot traders that many of them have been gleefully saying these days: 'Expert, look, my strategy of playing dead has succeeded again.'
But in reality, this belongs to a lucky mentality, and one day you will face a bear market where prices keep falling, and ultimately you will have nothing.
In 2018, the market fell for a whole year, causing many spot traders to leave this market in tears. In the great bull market of 2020, many new leeks have not experienced a complete loss, leading to the illusion that lying flat and playing dead is an invincible move.
Some people say that when it comes to a bear market, you can short it. Without considering how you know it's a bear market, just like you don't know whether it is still a bull market now. Even if you guess right, I shorted every day in 2018, yet I was still the most comfortable grapefruit in a downturn. I shorted for almost a whole year, developed a habitual mindset, and by the first quarter of 2019, I was still shorting, ultimately leading to liquidation and having nothing.
For the vast majority, contracts mean: making money is just a process, while going to zero is the outcome. More people are stuck in a long fantasy of recovering losses; remember, it's a fantasy.
Eliminate high leverage, reduce frequent trading, learn to keep part of the money earned, and never reinvest what you have run away with. Cherish the great bull market that heaven has sent you. Most people do not earn money through their own abilities, but rather passively become wealthy during this Kondratiev cycle.
So you must clearly recognize which money is earned within your cognitive ability, and do not lose everything outside of your understanding. Many people spend their entire lives without recognizing this world and understanding themselves.
I hope that after I share my experiences and lessons with you, you can hold on to this money that comes from the wind. If money that comes from the wind is not properly managed, it will ultimately be blown away by the wind.