After struggling in the cryptocurrency world for ten years, I have earned more than 40 million in total.
While trading skills are certainly important, psychological quality is even more critical. Whether your mindset is good or not directly relates to whether you can make money, or even make a lot of money. Below are a few points that I have summarized from my trading experience, and you should remember them:
First, never be greedy. As soon as you see the price of a coin skyrocketing, you feel itchy, thinking about getting rich overnight, but the result is often buying at a high price, followed by a continuous drop, leaving you shivering inside. Investing must be rational; never let greed harm yourself.
Second, have a plan. Before investing, you must set a target price for yourself, and when it reaches that point, take action; if it falls below the bottom line, don’t hesitate, quickly cut your losses. Don’t let emotions cloud your judgment; a plan is your compass.
Third, patience is very important. The cryptocurrency market changes quickly; sometimes you have to wait for a good opportunity to arise. Don’t fumble around, buying and selling chaotically with others. You need to learn to analyze the market and know when to take action.
Fourth, don’t invest all your money in one place. You need to diversify your investments to reduce risk. In case one cryptocurrency has problems, you still have others to earn from.
Fifth, trading cryptocurrency is a long-term battle. This is not something that can be resolved overnight; you need to pay attention in the long term, continuously learn new knowledge, and keep up with the market's rhythm.
In short, the cryptocurrency world is like a martial arts world, where the waters are deep and the risks are high. If you are a novice, you must be cautious. Trading cryptocurrency relies on wisdom and mindset; you need to have a plan, patience, and composure.
Now BTC is about to surge to 100,000, and the market is exploding! This kind of market is most suitable for short-term contracts! I have been focusing on ETH strategy for three years, with a contract win rate of 85%! Leave a message + like, and I'll share for free!