There is a saying that Sen Ge has told many people: People can never earn money beyond their understanding. This is especially true in the cryptocurrency trading industry. Your understanding of the market, your awareness of risks, and your control over your mindset directly determine how much money you can make and how far you can go. Today's second piece of experience focuses on a core point: before real trading, you must first practice with a demo account to develop your mindset and courage.
Many newcomers just entering the circle don't even understand basic concepts like candlestick charts, moving averages, and trading volume, yet they operate with real money. They see others saying a certain coin will rise, and immediately follow the trend to buy; if it drops a little, they panic and quickly cut their losses; if it rises a bit, they fear a pullback and sell early, resulting in either missing out or getting stuck. This isn't just bad luck; it's a lack of understanding and mindset.
In the early years, Brother Sen also jumped into this pit. When he first started trading cryptocurrencies, he thought, "Isn't it just buying low and selling high?" He dismissed the idea of using a demo account. As a result, during his first real trade, he lost over 20,000 due to not understanding the importance of "stop-loss," which was equivalent to three months' salary at the time. Later, he reflected on his mistakes and spent three months practicing with a demo account before truly getting started.
The core value of a demo account is not to let you "practice making money skills," but to allow you to "try making mistakes infinitely," thus establishing your understanding of the market and a stable mindset. For example, you can use a demo account to try full position trading and feel the psychological pressure when the market fluctuates; you can experiment with different trading strategies to see which one suits you; you can experience the feelings of being "stuck" and "missing out" in a demo account and summarize coping methods. The mistakes made in the demo account can help you avoid detours in real trading.
Here is a specific plan for practicing with a demo account: first, spend one month learning the basic theories, understanding common indicators like K-lines, moving averages, MACD, KDJ, etc.; then spend 2-3 months engaged in simulated trading, setting the initial demo capital to 100,000, strictly following your trading plan, recording daily trading logs, and summarizing the reasons for profits and losses; when you can achieve stable profits for three consecutive months in the demo account, and your mindset is basically stable, then try real trading with a small capital.
Remember: a major mistake in real trading could lead to your complete exit; however, the infinite failures in the demo account are the nutrients for your growth. First, practice your understanding and mindset, then talk about making money; this is the correct path for trading cryptocurrencies.@男神说币 #比特币流动性 $BTC
