Growth is more important than success

For friends who have just entered the trading market, many people expect to make an amazing deal. For example, some people hope to make a profit like those who bought Bitcoin at $15,555 and held it until it reached $73,000, or like those who shorted Bitcoin at $69,000 and held on to $16,000. I understand this idea, because this may be the original intention of many people to enter the currency circle, hoping to achieve wealth freedom through a successful transaction.

However, we often overlook an important reality: more than 70% of lottery winners in the world go bankrupt within three to five years after winning the lottery. Similarly, there are similar examples in the currency circle. For example, the well-known trader [Liang Xi] and a rich second-generation in our community, this friend made a lot of money after buying DOT (Polkado) in the early stage, and even told me that he wanted to retire when he was less than 20 years old. However, when the market reversed, he quickly lost 20 million assets, which made him deeply disappointed.

In terms of trading, these two people have made very successful transactions, but these transactions did not bring them real growth. The former even drank poison and committed suicide during a live broadcast, while the latter lost his wealth after the DOT price plummeted, and even had the idea of ​​committing suicide.

These examples tell us that a single successful transaction does not mean that you have real growth in the matter of "trading". If you only pursue an amazing transaction and ignore the importance of continuous learning and growth, then even if you succeed for a while, you may eventually face failure. Just like a wave theory master in my community, he once rolled short Bitcoin from $69,000 to $15,555, which was a very admirable transaction. However, he later misjudged at $29,800 and began to short Bitcoin. As a result, the price of Bitcoin rose all the way to $60,000, which eventually led to the collapse of his dream of immigrating abroad. He even returned to his original job and swept the floor for a traffic company. This setback made him think of committing suicide for a time.

Therefore, every time you want to "go all in" to trade, or even fantasize about taking a private jet, please remember the real story above.I hope every transaction can be an opportunity for you to grow, not just a temporary success.