The circle is the same; with Bitcoin standing out recently, the profit effect continues to attract outsiders, and more traditional industries and clueless newcomers are flooding into this field because of the potential for making money and getting rich quickly.
Mixed feelings, sigh, for me personally, more worries than joy. Why do I have such thoughts? Because I have experienced enough!
For example, during the National Day holiday, many friends and relatives whom I haven't contacted for many years, whether by phone, WeChat, or offline, no fewer than five people, have been curious about what I have been doing over the years. They came to ask me the same question: that is, I should hurry to open an account during the long holiday, as the national policy is so favorable, the global financial market will flood with liquidity, and a bull market in the stock market is coming, etc. They are eager to make a profit in the stock market.
I don't know if you have had experiences like mine. During the National Day holiday, I felt firsthand how hot the stock market was, and how did I respond to and face these questions?
First, if I personally had not studied, undergone the test of the crypto market over the past five years, and had no understanding,
I would definitely be more blind and confident than them, feeling that this is a once-in-a-lifetime opportunity, and just go for it.
Second, believe in the dividends of the market and trends; as long as you participate, the result will only be a matter of making more or less money. How could there be a loss? In my understanding and concept, there is no such thing as losing money, just like before we play cards; if you think you will lose money, would you still play?
Third, my unified reply to them is to ask them the same questions: if you have 100,000 as capital to enter the stock market, with 3,700 stocks in A-shares, that represents 3,700 companies behind them. Do you understand the industry trends, sector positions, leading companies, business objectives, company fundamentals, funding conditions, and a series of underlying logic, intrinsic value, whether they belong to sunrise or sunset industries, etc.?
Fourth, after understanding the industry, prospects, trends, background, etc., of these companies in detail, how do you determine from the market whether the current prices of these companies are undervalued or overvalued? That is to say, whether the current price aligns with its intrinsic value, etc.
Fifth, after confirming the above, how do you use your inherent principal to build positions? Is it speculative, gambling-style all-in on one stock? Or spreading your net across ten companies, or even more? In case the market does not meet expectations, do you have effective strategies to avoid or adjust?
Sixth, let alone how to escape the top later, the risks in the middle process, the occurrence of unknown low-probability events, how to stop loss, take profit, asset allocation, and a series of practical trading issues that arise during the process.
I have only simply listed a few points above; in practical combat, besides technology and strategy, there are many more issues related to mindset that I won’t list here.
This is why the vast majority of people lose money in the financial market.
For a person capable of independent thinking and decision-making, what I say will resonate with him before entering the stock market.
It's not that I want to stop them or that I don't want them to make money; I'm just reminding them, sharing a bit of my experiences and insights from these years in the crypto space as a friendly reminder.
Money is a good thing; a gentleman loves wealth and acquires it through the right means. I hope that each of us can earn every penny with ease, clarity, and transparency.
Just like teaching children to do homework, we cannot just tell them that one plus one equals two, giving them the answer directly. Instead, we need to patiently teach them to apply their knowledge to different situations and develop the ability to solve similar problems.
In the adult world, there is never an easy way or shortcut.
The laziness we indulge in today will definitely be paid back at some stage in the future. If we don't work hard to make money today and feel indifferent, you will realize how helpless you are when those around you need money to solve problems.
If you cannot change your current predicament, the only one who can truly help you is yourself. Only with the determination and confidence to change the status quo can the future be promising.
A friendly reminder: Recently, with the heating up of the circle, all kinds of monsters and ghosts have emerged. If you lack discernment or confidence, you might as well ask me first. I may not be able to solve the dilemma you are currently facing, but I can definitely help you avoid bigger pitfalls and face greater risks.
In the past few days, I am preparing to launch a strategic layout!!!
Comment 168, get on board!!!
Impermanence brings impermanence!!!
Important things are said three times!!!
