I've been in the crypto world for a full 10 years now. In the first three years, I lost over 700,000 from a 1 million principal! My family was on the brink of collapse; I didn't leave the house for nearly two months, and my wife was constantly arguing with me about divorce. Fortunately, I was determined enough at that time and believed I could make it back! In the fourth year, I used the remaining 300,000 to try to turn things around and started trading crypto after quitting my job!
I made a vow to my wife that if I don't make my money back, there will be consequences! ... I began to fully invest myself, summarizing the mistakes I made earlier, analyzing the operational errors, and observing the thoughts and techniques of those big shots in the crypto world. Eventually, I started to stabilize; turning losses into profits is truly not easy!
The account started to turn profitable, combining short and medium-term operations. It's no longer blindly rushing in and out, but rather planning the account well. Combining short and medium-term is the best way to compound returns! I have turned the remaining 300,000 into over 45.7 million now!
If you plan to stay in the crypto world for the next three years and are determined to make trading your second career, you must read these 10 iron rules. They are all practical tips for making a living from trading crypto, and I suggest you save them!
Understand these 10 rules, and you can earn the little sun you want in the crypto world just like me!
1. Never buy coins when the price is high; maintain the mindset that how much it rises has nothing to do with you, and treat that coin as if it doesn't exist.
3. In fact, the most important thing in trading crypto is the mindset. Many people know it’s not a buy point, but they can’t resist buying because their hands are itching; this is a mindset issue. If you don't solve this, learning any theory is useless.
4. Maintain a stable mindset, and don't get emotionally attached to any coin or price point; only look at the signals the market provides and be emotionally attached to your buy and sell points.
6. A mindset without technical support is a foolish mindset, with no reaction at all. Only insights guided by wisdom can ensure a good mindset.
7. Why can't you make yourself like a wolf? It has nothing to do with how much capital you have. As long as you can buy at buy points and sell at sell points, that's the most powerful.
8. You must stay calm while trading; if you have money, you can find anything, don't be afraid of not finding good coins.
9. In the market, any luck is only temporary, and the market will double back to make you pay. If you don't fundamentally change yourself in the face of the market, you cannot conquer it.
The mentality of wanting to make money quickly is a major taboo for crypto traders. If you can't control your heart, your greed, and your desires, you can't succeed in the market long-term. The vast majority of investors are destined to be played by the market; those who are played are trapped in the market, confusing themselves.
These people divide all their operations into long and short; when they hold coins, their thoughts are controlled by going long, and conversely, they are controlled by going short. The market's emotions accumulate and are guided in this way. If you can't escape this state, you will never become a true market participant.
