Give some advice to those who want to break even or make money through contracts!!!
So many people who are losing money still stay in the crypto space just to break even, but there’s a harsh reality: most people cannot break even and cannot make money.
Especially for those who want to break even through contracts, it’s even more delusional. Those who make money through contracts in the market are extremely rare. Don’t fantasize about why you’re not that person. To be honest, if you want to break even through contracts, you really aren’t cut out for it.
No matter how much you lose, it’s the same; even if you go bankrupt, it’s impossible to break even through contracts. Therefore, I advise those who want to break even through contracts to quit contracts, in other words, to quit gambling.
What should spot traders do when they lose money?
First of all, if the loss isn’t much and the principal is still relatively high, meaning that the principal and loss are balanced, then breaking even is relatively simple and easy. In other words, if you only need to multiply your capital by 5 times or less to break even, it’s possible. However, the most important point is the buying and selling points. If you are trapped at a high point, it becomes difficult. Most people can make money when the bull market starts or during the main rising wave of the bull market. Losing money is usually due to not understanding when to sell. After selling, during the main force's distribution (selling) phase, repeatedly entering the market at high points results in being harvested. Therefore, for retail investors, knowing when to sell is very important, but selling is not the most important thing.
The most important thing is that after selling, being able to stay in cash and wait is something that most people cannot do. It’s something that about 95% of retail investors cannot achieve, which is the fundamental reason most people lose money. If you can sell at a relatively high point and not be influenced by analysts in the market or various favorable news at high points, and stick to staying in cash, then that is truly securing your gains, which means you can really make a profit.
To summarize
People who lose money
1. Easy to break even within five times
2. You need to know how to sell
3. You need to know how to stay in cash
Of course, it’s the same for spot traders. Less than 5% of retail investors make money because the trading market is a struggle against human nature: greed, fear, and arrogance. Few can overcome these.
The bull market is starting to show. If you have little capital, it’s not suitable to hold Bitcoin, and if you want to take risks with altcoins but don’t know which coin to choose, then observe the main ones and plan your layout for the entire bull market.
Recently, I plan to ambush a potential coin that is ready to explode. Doubling is still quite simple. At the same time, I also plan to find some potential coins to hold until the end of the year, expecting a return of over ten times is not a problem. If you want to keep up, follow me for free sharing.
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