Can contracts make you rich?
I started with a capital of 100,000 and made nearly 2 million, mainly through spot trading. But today I want to say something different from others. These are the heartfelt words of an old investor who has experienced both bull and bear markets.
If you want to change your life, please read this!
Do you often see the phrase "stay away from contracts and cherish your life"?
Everyone who enters the cryptocurrency world hopes to find a coin that can increase their value by 100 or 1,000 times, thinking about the saying that one day in the cryptocurrency world is like ten years in the real world, but now is no longer that era.
If you are an ordinary person without much original capital, and you want to invest in Bitcoin, Ethereum, and make a lot of money that can change your destiny, in the past, I would also let you buy Bitcoin and Ethereum, and you could make a lot of money in spot trading. But now, if you don’t have much capital, even if BTC rises to $100,000, it will not completely change your life.

Recently, many people have asked me privately, including some college students. The questions are roughly these: Can college students do trading? Can I quit my job to do trading? Can anyone do trading? And so on.
Some people think that trading has a very low threshold. Whether it is stocks, futures, foreign exchange, or cryptocurrencies, you can just open an account somewhere and start trading. However, only 1 out of 100 people can actually make a profit.
Today's article will talk about my own experience in learning trading. I am a hardworking person, and you can also use my experience as a reference. I hope it will be helpful to you.

The election results will not affect rate cuts.

The Federal Reserve cut rates by 25 basis points at the November meeting, in line with market expectations. I personally believe that the outcome of the U.S. presidential election will not have too much impact on the Fed's recent policies.

Firstly, because the timing and ultimate strength of Trump's policies still have uncertainties.
Secondly, the impact of these policies on inflation and employment is yet to be observed. The Federal Reserve will not guide future interest rate paths based on speculation; aside from election factors, the Fed is satisfied with the current pace of rate cuts.

Based on the assumption that there is still room for inflation to decrease, I personally predict that the Federal Reserve will continue to cut rates, and the policy rate will be lowered to a neutral level of 3.75% to 4% by the end of the second quarter next year.

Can you still move into the White House after losing the votes?

In the U.S. election, the person who ultimately occupies the White House may not necessarily be the one who wins the most votes. In American history, there have been five presidents who did not win the support of the majority of voters. These five are considered to have lost based on the popular vote results, yet they won the presidency by securing a majority in the Electoral College.

Such rare 'black swan' events are caused by the two layers of voting machines in the U.S. elections. During the popular voting phase, the votes cast by voters do not directly elect the president; the voting results only show which party the 'electors' from each state belong to. This Electoral College will represent the voters of each state and vote for the presidential candidates to determine the final winner of the election.

If you are new to trading, here are some practical tips that can help you avoid a lot of detours.
One thing is not to overestimate your risk tolerance. Many people, when they fall ill, often think: if only I were healthy, I would definitely cherish my body. However, often after recovering, they forget this thought and continue to drink and stay up late. This means that people's thoughts and focus vary under different conditions.
Many traders often feel that the money they put in before entering the market is just spare cash, and they don’t care how much they earn or lose, or they believe they can hold firm. However, once they enter the market and actually see floating profits and losses, their thoughts often change. It’s easy to take a small profit and run, or to stubbornly hold on to losses, and it’s also easy to frequently enter and exit.