First of all, when doing transactions, try to choose the three major exchanges. The cryptocurrency circle is all about speculation, so you must enter and exit quickly. If you make money, withdraw the currency in time. If you lose money, don't rush to recharge the currency. Don't get too excited.
You must speak based on the actual situation. If you make money, everything is right. If you don’t make money, no matter how good you are, you are rubbish. So it’s not important if you are not understood. What’s important is that you haven’t made money yet. When you haven’t got good results, you are questioned by people around you, and you yourself are also doubting whether this road is worth taking. The real answer is never given to you by others, but is determined by your own heart.
I am 38 years old this year. Looking back, this journey is simply a dream. If I were to go through it again, I might not get such a good result today. On this road, persistence, hard work, and luck are all indispensable. I started to trade foreign exchange when I was in college. At that time, I thought it was really awesome. I could make money by just moving my fingers. It was a waste of life to do wool work and hand out flyers. I could easily make $200 a day by clicking the mouse, but I could only make 50 yuan a day by handing out flyers. At that time, I felt that I had found the door to get rich quickly, but I didn’t know that it was the door to hell. It may be because I just started trading. There is often a period of novice luck at the beginning, and when the luck runs out, it will continue to explode. At that time, I didn’t understand fund management, and I had only a superficial understanding of technical analysis. I made orders based on my feelings. When I made money, I ate and drank happily. When I lost money, I was angry and had no interest in my studies. I started trading in the second semester of my freshman year, and by the time I graduated from my senior year, I had lost 150,000 yuan. If I had lost all of it at once, I would have given up. I was afraid of this kind of slow-moving knife, a little bit of explosion, a little bit of loss. Except for a little bit of mental training, there was no improvement in other aspects, and it almost delayed my graduation. Now I think it’s really not worth it. I lost money and wasted a lot of time, but life is experience, and I am grateful for this experience, which makes me different from ordinary college students.
After graduation, I went to a securities company and got in touch with stocks. It was 2007, and the stock market was booming. The following year, the financial crisis and stock market crash came. For the first time in my life, I saw my friends go bankrupt and in debt.
Self-understanding, it was also the first time that I had the concept of risk in my mind. In order to avoid going down this path in the future, I gradually formed
The sub-control model of the company has laid a foundation for future derivatives trading. The financial market is like this, it comes and goes quickly, and the traders are on the edge of a knife, fighting fiercely.
To survive, you must have your own trump card.
I worked in a brokerage firm for 10 years, then quit and joined a friend's private equity firm. That was the year I came into contact with digital currency, and the following year I came into contact with contract trading. At the time, contracts attracted me because they were similar to foreign exchange and allowed small investments to generate large returns. They were much more user-friendly than stocks, and allowed long and short positions, and they were open 24/7.
Trading 24/7 without a break was so attractive at the time. Because of this damn attraction, I lost more than 1.3 million in the contract market for two years, which was all my savings after work, and I owed a lot of credit cards.
It was under this most extreme situation that I decided to trade full-time. It was also at this time that the conflict between me and my family reached its peak. I didn't tell my family about my debt. I knew it was impossible to pay off my credit card debt by working. The only way was trading. If I didn't succeed, I would die. My family thought I was unsteady and out of tune with my peers. The most important thing was that I failed their cultivation and their hopes. This is what they call the greater the hope, the greater the disappointment. At that time, I was powerless to refute because I couldn't hold any practical things to refute. The only thing I could do was to do the transactions I was familiar with, polish my trading system, and slowly transform from an old leek.
At this time, my luck came. In 2020, with the sharp rise of Ethereum Q and the arrival of the bull market, I also began to make stable profits. At that time, I reviewed the market every day, only traded intraday, and resolutely did not hold overnight, controlling risks. Although I earned less, I also reduced volatility and gradually matured psychologically. It was also this year that I made back all the previous losses and had savings.
Until now, the transactions are still there, and there are profits, but my mood has changed. I have become indifferent to many things, because I have experienced both bull and bear markets, and all kinds of unexpected extreme market conditions. I feel that making money through trading is like leveling up in a game, but I love life more and slowly begin to enjoy the ordinary life.
My own experience of more than 30 years is that life is all about experience. It really doesn’t matter what you do, and it doesn’t matter what others think of you. The important thing is to never make yourself too embarrassed. Enjoy your life in this short life and live your life decently. Then you will be happy.
Finally, I hope you can find your own path. I also welcome friends of the same age to exchange ideas and share their experiences. I wish you all the best in the next 23 years!
