The entry threshold is not high.
However, when it comes to making money, the threshold is rising and the difficulty is increasing.
The dividends are decreasing.
Everyone entering this market must face stop-loss.
Facing retracements
You need to know that wanting to earn without wanting to lose will not make you money in this market!
Have you noticed that new entrants often make money?
Is there a protection period for beginners?
No, it was the boldness of a rookie, full of courage, ready to fight. But when you earn and lose along the way, you fear loss, become tentative, and dread losing everything again like that one time. You will definitely struggle with trading; all your operations will become distorted due to the larger capital, and you might suddenly think about how much you have retraced during your position, leading to all sorts of inexplicable thoughts about running away. At this point, it's not suitable to continue trading. Only wanting to earn and not wanting to lose will not make you money.
Deep down, you actually acknowledge that you have earned a lot, but greed pushes you forward, while courage pulls you back. When you're in a dilemma, your moves will often be powerless against the market.
In trading, what matters more is the mindset; knowledge is the technique, and mindset is the internal strength. Qiao Feng could easily defeat several Shaolin monks with the Taizu Changquan because of his profound internal strength.
Seeing clearly is not enough; what’s important is knowing how to act when you see clearly and how to act when you see incorrectly, how to maintain composure in your positions, how to have a good mindset, and how not to fear missing opportunities or retracements... Always having a mindset of wanting to win but fearing to lose makes it unlikely to earn money in this market.
Some things may be hard for newcomers to understand at first, but as long as you survive in this market for a while, you will realize that these are all truths.
It doesn't matter if the losses before completing your own super trade are tens of thousands; it all comes down to confidence. Believe in yourself, you are your own king, you are your own god.
If you don't even believe in yourself, you might as well go work in a factory.
Holding onto a false hope will inevitably lead to failure; only by letting go of the true desire to win or lose can one succeed.
Enjoying the process is the only way to see the true hand of God.
I have never said that learning technical indicators is completely useless. I just think it is not that important; everyone's perspective and usage are different.
For me, as long as the technical analysis reaches a probability of 51%, it has already surpassed the vast majority of the market, especially since the cryptocurrency market is actually much simpler than other mature markets.
You go deep into the study of technology, eventually becoming a mathematician, improving from 51% to 53%.
Think about it, was that big loss in your trade because you lacked the depth of research on technical patterns and missed that 2% probability?
A naturally formed character, timely and decisive decision-making, continuously flowing inspiration, a steady and progressive mindset, and extraordinary understanding... each of these adds at least a 5% probability to defeat the market in long-term trading.
After a long period of trading, I believe the ability dimension graph should be circular; it doesn't require exceptional skills in any area, just that each point passes, otherwise there will be significant losses and retracements. As you trade along, the capital can accumulate.
Asking what indicators to use and what cycles to play, I believe that the key to winning or losing in trading does not lie in how to use indicators or how to view cycles.