If you have a few thousand yuan in the currency circle and want to turn it into one million yuan in the next one, two or three years, how do you do it? $BTC $ETH
Friends who have this idea.
Don't be too whimsical. With this kind of mentality, it will be difficult to make money in the long term. It’s not that it’s impossible, but it’s only possible if your own trading system, trading rhythm, judgment of the market, and luck are all indispensable.
This is a speculative market that is manipulated. The rise and fall of the market is not important. As an ordinary person, if it goes up, it will be more, and if it goes down, it will be short. If you are weak, you can only drink a cup of water. Don't fantasize about getting rich suddenly, just make some small money honestly.
Because of human nature, the pleasure of making money. After working hard for a month, I only get a salary of more than 10,000 yuan. If I open a 100 times contract, I can earn 34,000 yuan in one night. Once you experience the pleasure of making money, how many people can resist it?
But remember, this is a market that eats people and creates myths. This is a paradise for speculators and a hell for gamblers. The 24/7 trading time is addictive, and the 100 times leverage is even more crazy. I have experienced a 15-fold increase in one night, and I have also experienced a loss of 40,000 U. Looking back suddenly, only I understand the bitterness.
This road is not easy to walk, and you may not gain anything if you keep going, but once you get results, you will find that your previous persistence was worth it. I will only talk about my own experience as someone who has been there, to encourage others, and to continue to motivate myself to move forward. I have been in the currency circle for 15 years and I started doing contracts for 18 years. I was still too young at that time. I relied on my many years of experience in stock index futures and 50ETF options experience, I feel that trading in the contract market is more free and you can make money all year round. But the reality is cruel. In the first half of the year, my position was liquidated almost every month, very punctually, and I couldn't sleep well almost every day. My mental state was very poor, and I even lost 15 kilograms in weight.
In about half a year, more than 800,000 yuan was gone. When I was most confused and helpless, this sentence always inspired me. The past cannot be undone, but the future can still be changed. It was a really difficult time, with pressure from family members and self-denial, and I lived in an endless cycle every day.
However, the tuition fees for more than half a year have taught me two things. First, contracting can indeed make me rich. If I had done the opposite, I would have made 120,000 U in this short half year, which is much better than working part-time. Second, I must always control risks. , there can be no chance, placing orders against the trend and trading heavy positions are the key to accelerating the liquidation.
In the end, I stopped all trading and let myself go short for more than a month. After that, I only did contract trading and re-improved my trading system. For more than a year, I continued to make huge profits, huge losses, and liquidated positions. , but I have gradually formed my own sense of the trends of Bitcoin and Ethereum, and I am better able to control my emotions.
After that, continue depositing and trading one after another, and control your emotions, especially when switching from profit orders to loss orders, which is the easiest thing to do. Perhaps it was God's blessing. With the sharp rise of Ethereum in 20 years, it gradually began to make stable profits and started trading full-time. I summarize and review the trading every day, only do intraday swings, never stay overnight, and control risks. It was also this year that I made back all the previous losses and had a deposit. Until now, the transactions are still there and the profits are still there, but my mood has changed. I have become bearish on many things, but I love life and enjoy the plain life more.
Contracts are really a testing ground for human nature. Sometimes after multiple consecutive losses, it is easy to take a heavy position or go against the trend. These are mistakes made due to human nature.
Trading is often anti-human, and full-time trading requires overcoming more pain, incomprehension, and loneliness. Also, don’t deny yourself, slowly find your own trading rhythm, don’t be fanciful when things go well, and don’t belittle yourself when things go poorly.
It’s really like a day in the currency circle and a year in the world, do it and cherish it.
The cycle of long and short times is all surplus. One thought can lead to Buddhahood, and one thought can lead to becoming a demon.
It’s really like a day in the currency circle and a year in the world, do it and cherish it.
There are many and empty wheels, one thought becomes vast, everything is surplus, one thought becomes Buddha,
Finally, I wish you can be less fettered on the road of trading and pursue money all the way. You are also welcome to communicate on the homepage. I write articles more because I want to find some people who are on the same page to go forward together. The road of trading is very lonely, and it is good to have someone to accompany you to communicate. It’s a very happy thing. I hope you will take fewer detours in your pursuit of getting rich.
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