In this year's trading, I was impressed by Teacher Zhu Yidan's lecture on following trades. The key takeaway was to control losses and let profits run, which means finding good points before opening positions. My own conclusion is to trade lightly, follow the trend, and set stop losses instead of operating blindly. From my own trading experience, it's a small fund buying big lessons. Now my mindset has changed and I'm slowly making profits, although small, it will get better over time. In trading, slow is fast. Upon reflection in the Web3 field, what I can do is trading and research investment. I need to gradually expand my social circle, which has broadened my options for a second life as a small trader.
This year's financial management revolves around today's topic of BNB's four benefits. Our entry into this market is profitable, and the core goal is to outperform inflation, using finance to compensate for insufficient skills. As the leader in the Web3 world, Binance has a significant impact on crypto decision-making. If you don't know how to manage finances, An An does. You only need to control your patience and befriend time. Holding BNB can diversify and increase returns, eliminating the need to ponder how to make money, easily achieving low-risk arbitrage.
I have attended many classes, but these two left a deep impression on me. Quality over quantity: trading and financial management are like a spear and a shield. Trading is at the forefront, conquering and capturing resources to supply the rear army, while the output from the rear can provide momentum for the front. They complement each other. In the Web3 world, this can also lead to gradual compounding, which is about continuously segmenting positions to maximize the reduction of risk in trading. What you need is to survive, your coins are your life, your soldiers, and you must protect them well.
Thank you 2024, thank you Binance for allowing me to summarize my experiences this year. I wish everyone a prosperous new year, may all your wishes come true, and may you be safe and healthy.