$WIF has been in the cryptocurrency space for 8 years, and has been a professional trader for 6 years. I have tried long-term, short-term, and ultra-short-term trading strategies over more than 3000 days, so I have some say on this topic.
I have always said that the 10,000-hour rule is not a joke.
At least 8 hours a day watching the market and reviewing trades, practicing for five years with around 200 days a year is the real entry into the field.
Moreover, in the cryptocurrency world, there will be major pitfalls in 9 years, so before it is fully mature, do not invest more than your capacity.
Many people have turned a few tens of thousands into several millions or even billions, which looks impressive, but many have done so through high-leverage contracts. When the bear market hits, everything gets wiped out; you just cannot see it.
In the face of trends, human nature is very fragile; impulsive judgments can lead to distortions.
Back to the point.
$BOB trading in the cryptocurrency space, changing others is very difficult, and changing oneself is not easy either. But only by changing oneself can there be a turning point.
The market never looks at the process, only the results.
If you can make money, you must be doing something right. If you keep losing money, there must be a problem somewhere.
Our daily thinking will determine our actions, and actions accumulated over time become the final result.
Losing money is not scary; what is scary is losing and not reflecting, not finding the reasons, and continuing to evade.
The financial market emphasizes cause and effect; today's situation is the result of past decisions stacked together.
Adults must take responsibility for their choices; even if they choose wrong, they must carry it through to the end.
Many times, do not deceive yourself with "I have already tried hard"; the market only looks at results and will not play along with you.
Make sure to summarize regularly.
Keep the good, and immediately change the bad.
Over time, people will naturally become stronger.
$WET trading cryptocurrencies is even more so.
Do not rely on luck; do not seek to get rich quickly; and do not engage in trades that exceed your knowledge and ability.
Before placing an order, ask yourself:
Do I really understand this?
Do I have a basis for this?
Have I calculated the risks?
Can I accept the loss?
If you cannot answer these questions, then the trade should not be executed.
Clarifying your own positioning is the foundational ability a mature trader should have.
As long as you are willing to change, it is never too late to start.
The core of trading is always summarized in one sentence:
Cut losses when wrong, hold on when right.
