Level 1: Just entering the cryptocurrency market, ambitious and full of passion! Dreaming big with 1000 USDT.
Level 2: Obsessed with buying and selling every day, believing deeply in the words of big influencers.
Level 3: Slowly realizing that making money is not that easy, losing more and earning less, and the advice from big influencers is not that effective. I began to learn to analyze the news, but later found it was all a trap, starting to doubt value investing.
Level 4: Evolving from a novice to a seasoned trader, starting to analyze coins and study technical indicators. Gradually, I can make small profits, but most of the time, I incur losses. The intertwining of short and long positions has made my operations chaotic. The more I understand, the less money I have, and I start to doubt myself.
Level 5: Newbies become seasoned traders, starting to have their own understanding of the market, but at the same time falling into new confusion, easily getting stuck in self-doubt about what to do and what is wrong, gradually causing a breakdown in mindset.
Level 6: Through continuous practice, I have explored my own trading model, and I can now earn more and lose less, gradually controlling my mindset.
Level 7: I no longer look at any technical indicators, but start to observe the 'momentum', the rhythm, and the emotions, gradually discovering my own 'way'.
Level 8: I have my own unique trading model, strict discipline, holding coins in my hands, yet feeling calm inside, allowing for smooth entry and exit.
Level 9: No longer obsessed with the market, treating the cryptocurrency world as a fixed-profit investment space, I enjoy studying narratives and philosophy the most. At this point, I have understood that investing is the logic of life!
Level 10: Nothing is everything! I am currently at Level 10, directly avoiding the secondary market to focus on the primary market, buying into Marvin and the Elon Musk concept, currently with 8 times floating profit. What level are you at?
In the ups and downs of the cryptocurrency world, I have experienced ten springs and autumns:
From the initial 50,000 capital entering the market to now being able to support my family through trading, I have experienced countless twists and turns along the way.
Today, I am willing to share these years of hard-earned experience, hoping to give you some insights as you struggle on this path.
First of all, capital management is crucial. I always insist on dividing the capital into several parts and only invest a small portion for trading each time.
The benefit of doing this is that even if the judgment is wrong, it will not cause too much impact on the overall capital.
At the same time, strictly set stop-loss points, and once reached, decisively exit without lingering.
This robust way of operating can maintain calm during multiple market fluctuations, avoiding falling into deep losses.
Secondly, the importance of going with the trend; in the cryptocurrency world, the trend is everything.
During declines, every rebound may be a trap to lure buyers.
During rises, every pullback may be a good buying opportunity.
Learn to follow the market trend, not easily go against it, and capture profitable opportunities in multiple trades. Additionally, always remain vigilant about coins that experience short-term surges.
This type of investment often carries extremely high risks. Once the best buying opportunity is missed, it's easy to fall into the trap of being stuck at a high position. Focus on those coins that steadily rise and have great potential; they may not make you rich overnight, but they are stable and reliable. Use technical indicators to assist in judgment during trading.
MACD, volume-price relationship, etc., are tools I often use. They help better grasp the market rhythm and find the best timing for entry and exit.
Persist in reviewing trades, summarize and reflect on them daily, continuously optimizing your trading strategy. Trading must avoid blindly following the crowd.
Everyone has their own trading style and rhythm; one cannot blindly imitate others. Only by finding a trading method that suits oneself can one stand firm in the cryptocurrency world.
A decade of trading experience has made me deeply realize that trading is not just a contest of technology and wisdom, but also a test of mindset and perseverance. Only by maintaining calm and operating steadily can one go further in the cryptocurrency world.
I hope my experiences can help you, allowing you to take fewer detours on this path and gain more composure and confidence.
Comment 168, let's get on!!!
Impermanence brings impermanence, brings impermanence!!!
Important things should be said three times!!!