Some advice for those who want to recover costs or make money through contracts!!!
So many losing people still stay in the crypto space just to recover costs, but the harsh reality is that most people cannot recover costs or make money.
Especially for those wanting to recover costs through contracts, it’s a delusion. Those who make money through contracts are few and far between. Don't fantasize about why you wouldn't be that person. Honestly, if you think you can recover costs through contracts, you're not cut out for it.
No matter how much you lose, it won't change anything. Even if you are bankrupt, you cannot recover costs through contracts. Therefore, I advise those who want to recover costs through contracts to quit contracts; in other words, quit gambling.
What should spot traders do when they lose money?
First, if you haven't lost much and your principal is still substantial, meaning your principal and losses are balanced, then it’s relatively easy to recover costs. In other words, if you need to multiply your investment by less than 5 times to recover, it’s possible. However, the most important point is the buying and selling points. If you’re caught at a high position, it becomes difficult. Most people can make money when the bull market kicks off or during the main bull phase, but they lose money because they don’t know when to sell. After selling, during the distribution phase, repeatedly entering at high points leads to losses. Therefore, for retail investors, knowing when to sell is very important, but selling is not the most important thing.
The most important thing is that after selling, you can persist in staying in cash and waiting, which most people cannot do. It's estimated that 95% of retail investors can't manage this, and this is the fundamental reason why most people lose money. If you can sell at a relatively high point and remain unaffected by market analysts or various positive news at high positions, and stick to staying in cash, that's truly securing your profits.
To summarize
People who lose money
1. It’s easy to recover costs within five times
2. You need to know how to sell
3. You need to know how to stay in cash
Of course, the same applies to spot traders. Less than 5% of retail investors make money because the trading market is a battle against human nature: greed, fear, and arrogance. Very few can overcome these.
The bull market is starting to show. If you can't afford to take risks, and want to invest in altcoins for high returns but don’t know which coins to choose, then observe the main trends and position yourself for the entire bull market.
Recently, I plan to invest in a potential coin that is ready to surge. Doubling your investment is quite simple, and I am also looking for some potential coins to hold until the end of the year, anticipating a space of over 10 times, so if you want to keep up, follow me for free sharing.
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