Someone asked in the group today how to gain a foothold in the currency circle after being cut off every day during the day.

Actually, I don’t think it was really a case of being cut.

Many people bought a certain currency and then the currency fell, and they felt that they had been cut off.

First of all, you need to understand a situation, that is, whether you have made sufficient preparations before buying a currency.

For example, understand the background, concept, ecosystem status, founder background, technology, etc. of this coin.

If you have not done this understanding and just buy because others say it is good and the price is low, then this situation is not about being cut off, but that you are giving money to the market. It can be said that you are cutting yourself off.

Therefore, the reason for being cut off is actually because you did not conduct sufficient market research and risk assessment.

For example, if you are optimistic about a certain target and intend to hold it for a long time, even if you buy it in a bear market, there is a half chance that it will fall, but you originally planned to sell it in a bull market.

In this case, even if there is a floating loss, if you don't sell, it will only be a temporary floating loss.

However, if you cannot bear the price drop because you see it, it is mainly because your ability to make money is relatively strong, and the fear in the currency circle is amplified in this case, eventually leading you to sell, which is also considered a cut. Case.

But in fact, this is you cutting yourself, not the market being cut.

Because in a bear market, the market is already in a downward trend, or there is simply not much market movement. This is the normal state of the market.

For another example, suppose you have strong earning power off-site and can earn 100,000 yuan a month.

If you spend 40,000 yuan to buy coins, your off-site abilities will be amplified 10 times on the site.

Even if the coin price drops, you will be happy because you will think that you can buy more and capture the discounted coins that Mr. Market is having a bad day.

Although there has been a floating loss on the currency you bought before, since you do not plan to sell it, the floating loss is only temporary.

If you can't stand short-term losses and only look at the rise and fall of every day and every hour in front of you, then you may not be suitable to survive in this market.

In other words, your aversion to short-term losses has trapped you in the market's frame of mind, which is a bad situation.

In fact, you don't need to obtain too much information during the currency speculation process.

Just join some groups and learn from people who have real results.

Be sure to trust what people who have already made money tell you.

For example, ordinary people are suitable for holding mainstream currencies, accumulating coins in bear markets, and selling in bull markets. They do not borrow, use leverage, or participate in contract transactions.

This is the correct way. If you think it's too slow, is there a faster way?

Yes, but the premise is that you must have sufficient ability or capital.

If you don’t have either, wanting quick success may be just wishful thinking.

Just like you like Yang Mi, but Yang Mi is not from your circle at all, such pursuit is meaningless. Let me give you some suggestions:

1. Work hard off the court.

2. Join more paid groups and make some friends.

3. Free groups may not be professional enough. Be generous to yourself and let go of your inherent framework thinking.

4. Be patient.

5. Don’t be greedy for petty gains, the market is full of traps.

6. Tuning coins is for defense, and arbitrage is for offense. Choose small positions for investment based on hot spots. In the market, we should use small things to make big gains.

7. Know yourself clearly. If you are reluctant to pay the fee to join the group and always feel that others are trying to cut your leeks, then why do they want to help you and why do they take you?

A successful thing must follow the laws of the development of things. To obtain the value of others, you must pay for them. Otherwise, it will just be a small advantage. This is behavior that goes against the laws of the development of things.

Hope you can understand.

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