I have been in the circle since the beginning of 2020, and now it has been five years. From initially betting everything on 1830 yuan to now reaching 780,000, I have faced numerous failures along the way, but ultimately I have achieved some small success. I’m not saying I will rely on the cryptocurrency world for retirement in the future, but at least I have survived in this circle and gained something, which I am very satisfied with. Here, I want to share some insights from my trading experience and my feelings about some posts in the square these days. Regardless of whether you are a newcomer or a veteran, I believe this information will be helpful to you because the learning potential in the cryptocurrency world is immeasurable.
I personally believe that the most important thing is to have your own trading strategy.
I believe many people have seen this statement and planned to implement it, but those who truly accomplish it probably won't read this article.
Now, the square is filled with perpetual profit masters, and there are also some seemingly conscientious individuals who dare to speak the truth, telling you that 'Wall Street traders have a win rate that is not high, even below forty percent, because they dare to cut losses.' To be honest, aside from the perpetual profit masters, those who say the win rate is not high have not really seen where the truly capable individuals excel because these people can be said to be on a completely different level from most people in the cryptocurrency world.
What makes them excellent is that they have a well-established trading strategy that they can execute perfectly.
When they are making profits, they can determine based on their strategy whether to exit the market or increase their position, rather than relying solely on technical judgment. When they are at a loss, they can decide whether to cut losses or hold on.
They can fully trust and execute based on their strategy even when 'technically there is no problem, but the results of the strategy do not align with the technical analysis.'
This foundation leads to their varying win rates because they only look at the results, so the win rate does not affect their final profit outcomes.
This may seem like unhelpful advice, but if you think carefully, you will understand its meaning. I can guarantee that at least ninety percent of the people in the square are holders of 'I think I should do this now.' This is not a bad thing, but if you can slowly try to learn from them, I guarantee that your capital change curve will definitely develop in a positive direction. Bad will become acceptable, acceptable will become better, and better will become even better.