How is money lost and earned?

How is money made and how is it lost?

All the sharing below are just personal experiences and opinions. If you don’t like it, please skip to the next one.

I have been in the crypto industry since the end of 2018, and I have lost a lot of money so far. Of course, this is normal in this industry, but I am making up for it. I will not go into details about the process, but let me talk about the key points:

How do most people lose their money?

1. Some people make money by holding heavy contracts but cannot keep it because they have developed a habit and a sense of pleasure.

2. Small platforms place orders with high rebates

3. When doing ultra-short-term trading, you cannot hold the order and do not set a stop loss.

4. Let the so-called analysts, short-term trading teachers, and community short-term traders develop the habit of making losses. More than 98% of them require depositing money into small platforms to operate. At first, they took advantage of the customers' losses, but now there should be no such thing.

Are you jealous of the profits posted by various teachers on their platforms? Wow, this teacher is so awesome, so powerful, so rich, with a return rate of about 100% or 200%. Have you ever thought about this question: where does their money come from? Did you go to small platforms to brush it? Of course, we can't generalize everyone, but everyone, Guzi tells you that the real level will give you real-time records and profit records. What is a real-time record? It's not to take a screenshot or record a video for you. This thing is very easy to get. If you want it, I can get you ten or a hundred. I recently realized this, so I only do orders on bn, and the real market is also open. You can go to coin to check it out. This is a real market that cannot be faked. Your opening records and profits can be seen by anyone in the world. This is a real market. It seems to be a famous platform for Liang Xi. I don’t know much about it. An analyst community order teacher, you only need him to provide this. If he can provide it, you can follow him with confidence and pay the fee, but don’t go to small platforms, especially those with large amounts of funds. More than 10,000 U (personal advice)

5. If you don't set a stop loss and place a 1-minute or 5-minute order, isn't that courting death? If you make a profit, it's good, but if you lose in handling fees, it's more than the funds of your total position. If you don't understand analysis and technology, you are half-baked, and you don't have a trading strategy, how can you make money with the trading system? Aren't you just a leek?

6. You have paid tuition fees to learn so many so-called techniques, grid trading, quantitative trading, and all kinds of mess. We cannot generalize to everyone. There are still many people who make money, but there are more people who lose money. You don’t know if you have seen Guzi’s article.

7. Half-baked technical level, blind analysis like a gambler, no stop loss, like to do contrarian orders, like to catch the top and bottom. (I have experienced this, and it is also the biggest problem I discussed with my friend recently)

8. The leaders of the major teams have lost money by deceiving others, including investing in various junk projects, private placements, and pledges. Some leaders of the major teams have also been deceived by others. Everything has two sides. I have not thought of any other ways to lose money. If you have any ideas, please add them.

So how do you make money?

The suggestions are just Gu Zi’s personal suggestions. It is up to you whether to listen to them or not.

1. When doing trading, you can learn techniques from teachers who are willing to teach you, and learn his good points, even if you have to pay some money. But don’t do it on any so-called high-commission platforms. In recent years, there are many platforms that have run away and cannot withdraw U. I myself cannot withdraw more than 50,000 dollars.

Because only when the knowledge and skills are your own can you feel at ease, right?

2. Some people have learned technology, but they cannot learn it. They have learned a lot and a lot of miscellaneous things, but they still cannot make good orders. In that case, don't learn it, don't do it, just find a reliable teacher to ask for some advice, don't touch the contract, let time compound and it will be fine, but try not to be addicted to copycats. I personally recommend Ethereum. In a bull market, or a big wave a year, it is enough to make an annualized return of more than 40%. Don't think about making dozens or hundreds of times more money. It has nothing to do with you. Most of the people who die are often this type of people, because you can't control your human nature, desires, and greed at all.

3. If you have the skills, not that awesome but at least you have the skills, make a trading plan, stick to it, play with a light position, don't exceed 5%, don't hold a heavy position, strictly set stop loss. If you have a bad mentality, practice your mentality, and play again when you feel better. If you can't do it, don't play. Your short-term gains will go down sooner or later, and you will lose everything sooner or later.

4. Why I don’t recommend you to have too heavy a position? Because it’s hard to care about small profits when you feel the pleasure. Of course, it’s not necessarily the case. Some people think that light positions don’t make money or make little money. Let me tell you a joke or story that everyone should have heard of:

I forgot what the original question said, but it was something like this: there was a conversation between a mother-in-law and a son-in-law. The son-in-law thought that 200,000 yuan for a betrothal gift was a bit too much, but he couldn't pay it all at once. The mother-in-law didn't push him and suggested a good solution: one cent a day for a month, and the amount must be doubled based on the amount given the day before, and the betrothal gift wouldn't be required. The son-in-law was very happy. One cent a day was no problem at all. One cent on the first day, two cents on the second day, four cents on the third day, and eight cents on the fourth day. By the 27th day (or which day it was), he had to give more than 5 million yuan.

Ladies and gentlemen, of course, this story has nothing to do with light positions, but I still told you about it. What does it mean? That is, everyone may think that your profit of $10 or $20 today is too little, and instead pursue the profits of thousands or tens of thousands of dollars shown off by the big guys. But what does that have to do with you? Right, it doesn’t mean that you can also lighten your positions to double your positions, that is impossible, but profits can be accumulated and snowballed. If you have a position of $1,000 today and don’t mind making a profit of $20, your position today may become $100,000 next year. Of course, it is not very accurate, but this is the general meaning. Don’t underestimate the small profits. At least the small profits you make are much better than those who lose money due to margin calls, right? Isn’t this the truth, everyone?

At this time, some people may argue with me, saying, don’t I understand these principles? Do I need you to explain them? Who would read your article if you can do it? Ladies and gentlemen, let me tell you now, it is no longer a question of whether you can do it or not. If you want to make money here, you must do it. Otherwise, you will not be able to make money, and even if you make money, you will not be able to keep it.

Why have most of the awesome traders disappeared? Because they have figured out and overcome human nature. Haven’t they all become Zen masters? They are enjoying life and don’t have the time to argue with you about meaningless topics.

Finally, there are various projects that can make money, and you need to distinguish them by yourself. If there are others, you can add them by yourself.

This is Gu Zi’s personal opinion and is for reference only.