I entered the market with 50,000, then to 100,000, and then to 302,000. In the third year, I reached 590,000, and in August of the fourth year, I reached 3.78 million, and in November, it exceeded 7 million.
Until a few years ago, I could easily withdraw 30 million in the cryptocurrency circle.
During that period, I hit rock bottom; at that time, I reached around 4 million at my peak. At that moment, I thought I could be considered a big shot in the crypto world, and I resolutely quit my job to focus on trading, even borrowing money to trade. However, reality gave me a harsh slap in the face. The financial crisis not only made me give back all my profits but also left me with a mountain of debt, forcing me to sell my house, and my wife almost left me.
That period was my darkest moment. In just a few months, I went from the peak to the bottom. But it also made me realize that the previous smooth sailing was not without a degree of luck.
Therefore, I feel that if I really want to continue on the trading path, I still need to study diligently. In addition to understanding the basics, I should also analyze news and research technical indicators. If I do not conduct in-depth research and reasonably plan my finances, my funds will only be exhausted in the end. Lastly, as a retail investor without any foundation, I will only be delighted to enter the market and leave in disappointment.
For the next three years, I cut off all contact with classmates and friends, stayed indoors, and worked hard reviewing day and night. When I got tired, I would sleep on the keyboard, and my hard work finally led to financial freedom through trading.
In this piece, let's talk about my journey and practical insights! I hope friends can understand the principles sooner, reach enlightenment at the right time, and sail smoothly in the investment circle.
Once cryptocurrency novices master these iron rules, they will establish themselves in the market, and their trading careers will leap like they are on a cheat!
In this tumultuous sea of the cryptocurrency world, true experts do not rely solely on technology to stand out but rather on a profound understanding and strict adherence to market rules. These are the six iron rules I have always followed, shared with those destined to hear them, so that you can also navigate the path of trading smoothly and easily manage risks!
1: The ups and downs are unpredictable, mentality is king: Do not easily claim a peak during an uptrend or assert a bottom during a downtrend. Just like whether Bitcoin can stand at 150,000 USD, the answer can only be revealed when the market is crazy. What you think is the bottom may just be a brief stop; the true bottom is always unfathomable.
2: Build positions in batches, stability is king: Experts do not rush to succeed when building positions; they control each buy and sell within one percent. This strategy allows them more opportunities for trial and error, lower costs, and smaller risks.
3: Dare to chase high, achieve the extraordinary: In the cryptocurrency world, being afraid to chase high is a sign of a miserable life. You need to know that the cost for the main force in a cryptocurrency is far from as simple as you think, including promotion costs, chip costs, development costs, etc.; these are investments that are several times or even dozens of times. Therefore, daring to chase high is necessary to seize real opportunities.
4: Bull market rebound, an opportunity not to be missed: The bull market is the only chance to make a comeback. Just like Buffett, no matter how smart he is, if he misses the bull market, he can only quietly wait in the bear market. So, in the crypto world, seizing the bull market is seizing the key to wealth.
5: Technical indicators, for reference only: Technical indicators often have lagging characteristics; they can only serve as references rather than the main basis for buying and selling. When prices rise sharply, although the technical indicators look good, the price is already high, so chasing after it requires caution.
6: Full of confidence, unafraid of the market: True trading experts are filled with confidence. They have experienced losses but have never been defeated. Because they firmly believe that they will ultimately overcome the market, this belief is the key to their success.
Trading cryptocurrencies is not just a duel of skills and luck; it is also a test of mentality and wisdom. Only those who master these iron rules and strictly adhere to them can remain undefeated in the crypto world!
The above six points are all verified by my real money in the market; you must read them repeatedly to deepen your impression. I believe your trading skills will improve by leaps and bounds!
These days, I am preparing for the layout of the godly order that is about to begin!!!
Comment 168, let's get in!!!
Impermanence brings impermanence brings impermanence!!!
Important things said three times!!!
