Heartfelt insights on the road to trading cryptocurrencies:
1️⃣
Not cutting losses = waiting to die
Liquidation is not just bad luck, it's because you can't bear to cut losses.
2️⃣
Greed is scarier than a bear market
If you don't take profits, the market will eventually liquidate you.
3️⃣
Blindly adding to a position is the dumbest thing
Buying the dip is not bottom fishing; it's digging your own grave.
4️⃣
Your capital is your life
If your account goes to zero, you won't even have the chance to recover.
5️⃣
Buying based on news, 9 out of 10 times you're the one holding the bag
If someone encourages you to buy, it's always when they want to sell.
6️⃣
Staying in cash is a skill
If you don't understand it, don't act; it's a hundred times better than making random trades.
7️⃣
Don't treat the market like a salary
The market is not a place that pays salaries; if you want stable income, go get a job.
8️⃣
Trading cryptocurrencies is not about speed, but about mindset
You can make quick profits, but only a stable mindset will help you survive to the end.
9️⃣
Bull markets make people arrogant, bear markets make people sober
Only those who can endure a bear market deserve to enjoy the profits of a bull market.
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Want to earn forever without loss? It doesn't exist
The only thing you can do is minimize losses and maximize gains, survive, and wait for opportunities.
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These are not grand principles; they are hard-earned lessons learned through blood and tears by me and countless others.