I want to talk to you about those who got rich overnight in the cryptocurrency circle. The most abundant thing in the cryptocurrency circle is the myth of getting rich overnight. Once the bull market reaches the middle and late stages, there are myths of getting rich overnight everywhere, just like in the stock market. When all the coins and stocks are rising, the market is full of myths. It is common to turn hundreds of U into tens of thousands of U. It seems that anyone can do it. But as the uncle in "Flowers" said, "You know the Empire State Building in New York, it takes an hour to run from the bottom to the roof, and it only takes 8.8 seconds to jump from the roof." Can you tell me how long it took for the account to increase 10 times from hundreds or thousands of U, how long it took for the account to shrink significantly in value, or even to go bankrupt? Often in the end, I only need to double my current assets. I could easily win several times or even dozens of times before, but now I don't ask much, just double it. I don't know if anyone has the same feeling. After several liquidations, I summarized the following:
1. Don’t underestimate the profits of 10 or 20 U, reduce your positions when necessary
2. Be a trend trader, follow the trend and make a direction
3. Don’t try to make all the profits, you can’t make all the money, but you can lose all the money
4. Strictly follow your trading discipline, do big in big markets and small in small markets
5. Try to do 3 in and 1 out, don’t do 9 in and 7 out
