In the turbulent times of the cryptocurrency world, many investors are often eager to seek short-term gains, but ignore the importance of long-term perseverance. This truth was confirmed in the story of Livermore. When he went bankrupt for the first time, he did not choose to give up, but adopted a smart strategy.
He borrowed some money, but unlike most people, he did not rush to trade. From 1913 to 1915, he chose to wait and see rather than act rashly. This is because he understood that the market is not always in an ideal state, and sometimes you have to wait for the right opportunity before you can make a move.
It was not until June 1915 that Bethlehem Steel stock caught his eye. He thought it was a sure-win opportunity, so he made a decisive move. This decision not only turned his fortune around, but also became a pinnacle moment in his investment career.
This story tells us that successful investors are not in a hurry to trade, but know how to wait and look for the opportunity that will hit the mark. Sometimes, you need to endure a period of non-trading like the ancestors, waiting for the market to change until the opportunity comes. Under the temptation of pursuing instant gains, don't forget that slow and steady is often the way to real rapid success. Therefore, don't rush to trade, and live long is the most important thing. The same is true in the cryptocurrency circle.
Don't rush to trade, living long is what matters. To live long, go to bed early and don't stay up late, and have a good attitude.
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