The reason why most people can't make money is that they keep going in and out of the market to try to make a profit but are unwilling to wait and hold on patiently. They don't dare to win and are not greedy enough to make a profit. The goal of trading is to catch a big extreme market and spend the rest of the time testing the market.
Before the big market comes, just make sure your funds do not suffer too much loss. It does not matter whether you make money or not. All short-term, all shocks, all small trends should be abandoned. If you want to make money, make big money.
In the cryptocurrency world, the market trends over the past year show that three or four waves of extreme continuous surges and plunges are common. This kind of big market contains huge opportunities to make money. As long as investors are greedy enough, it is possible to achieve class leaps. However, frequent entry and exit of the market to buy at the bottom and touch the top often only increases transaction costs and cannot obtain long-term stable returns.
The cryptocurrency market is used to capture big trends and earn big profits, not to earn small profits every day. Stable small profits can be achieved through arbitrage. The exchange can earn more than 20% a year through simple arbitrage, while contracts and coins have higher risks, requiring investors to bear greater market risks. Therefore, investors need to be bold and seize super big trends to achieve rapid accumulation of wealth.
Successful investors, such as Livermore, Lin Guangmao, Fu Haitang, etc., all changed their fate by seizing the big market. They dared to take risks, had courage and vision, and were able to find favorable positions in market fluctuations.
For small capital investors, this is the only way to achieve wealth reversal. In the futures market, investors need to have the mentality and courage of the rich, rather than just relying on skills.
No one can predict market trends 100%, but successful investors can act decisively when market opportunities arise and stop losses in time when they make mistakes. They need to bear the psychological pressure brought by market fluctuations, dare to take risks and pursue higher returns. They can be wrong countless times, but as long as they are right once, they can change their strategy and make more stable and low-leverage investments.
Finally, I would like to leave you with a sentence. Trading is a profession, mentality is a technique, and technique is auxiliary. Only by keeping this sentence in mind when trading can you be like a fish in water and travel around the cryptocurrency world!
