The ten realms of cryptocurrency trading:
Level 1: When you first enter the cryptocurrency market, you are a newbie who knows nothing and runs around in confusion, dreaming every day of becoming rich overnight.
Level 2: Obsessed with frequent trading, looking for so-called big Vs to follow orders every day, looking for so-called cutting-edge information to buy and sell. The mentality is easily exploded, blindly carrying orders, often liquidating, the more losses, the more unwilling to accept, and continuous losses.
Level 3: From being a newbie to a new investor, I started to settle down and stopped blindly opening orders, but I still lost more than I earned. I found that the so-called cutting-edge information was not that useful. So I started to learn how to analyze news, but later I found that they were all scams and I started to suspect that blockchain was a scam.
Level 4: Becoming a qualified investor, starting to look for information and learning, analyzing currencies independently, and studying technical indicators. Gradually, you can make a small profit, but overall you are losing money, and the trading system is chaotic. You know more and more, but your wallet is not much fatter, and you often doubt your ability.
Level 5: Becoming an experienced investor, having a certain understanding of the market, and being able to make money slowly and steadily, but still not mature enough in trading, and not really having a mature trading system of their own, and still gradually exploring.
The 6th level is considered an expert. They have been trading for many years and have gradually developed a trading model of their own through continuous practice. Although they sometimes suffer losses, they are able to control their mentality and regard losses as part of the transaction. They treat it with a normal mind and make more profits than losses when trading.
The 7th level no longer looks at any so-called technical indicators, but simply looks at the basic situation, understands what the coin does, and then adopts the trend band trading method. When the trend is upward, buy and hold the coin. When the trend goes bad, liquidate the position and leave the market directly, and then wait for the next trading opportunity. This kind of coin friend has actually figured out his own "Tao".
The 8th level already has its own, complete and unique trading model. No matter what others say, they only believe in themselves. Every day after the market closes, they just look at the trend of the purchased currency, and do not break the trend line. They have no psychological fluctuations about the fluctuation of currency prices. Their trading model is becoming more mature and stable.
The 9th level is just like what is said in martial arts novels: 'There are coins in the hands but no coins in the heart'. They are fully aware of the fluctuations in the entire cryptocurrency market and can move freely when speculating in cryptocurrencies.
The tenth level is no longer obsessed with the cryptocurrency market, but treats it as an investment place, achieving fixed profits every year. Coin friends who have passed this level have already reached the stage of financial freedom, and are very familiar with the cryptocurrency market. They have understood that the cryptocurrency market is actually the truth of life! Only one person among ten thousand cryptocurrency friends can reach this level.