[Coin Circle Survival Guide] Veteran players who have made money and lost money: How to survive under the alternation of bulls and bears!

The bull market and bear market in the currency circle always catch people off guard. As a veteran of the stock market and currency circles for more than ten years, I want to share not only the secrets of making money, but also how to survive in this game.

The truth about the bull market

The bull market seems to be a good time to make money, but few people can actually make money from it. why? The reason is simple: most people do not understand the market and themselves clearly.

I have personally experienced several bull and bear rounds, and the most painful lesson came from the stock market in 2015. At that time, although my investment made five times in the short term, in the end I gained nothing because I did not exit in time.

The pitfalls of contract trading

In the currency circle, contract trading seems to be a shortcut to making money quickly, but in fact it is a one-way road to destruction. Unfortunately, many people are addicted to high leverage and frequent trading, and the end result is only one: zero.

So, how can you protect your profits in this unpredictable market? The key is:

Get rid of high leverage: High leverage is the source of losing money, and reducing leverage is the first step to avoid huge losses.

Reduce frequent trading: Frequent trading can easily make people fall into emotional decision-making, which will result in losses in the long run.

Learn to stop profits in a timely manner: After making money, learn to exit in time and never charge profit funds back into the market.

Recognize your own circle of competence: Understand the boundaries of your own abilities and avoid losses caused by operations outside your cognition.

Attitude towards the bear market

When the bear market comes, many people choose to go short. But in fact, unless you can accurately judge the market trend, this is also a dangerous gamble.

My advice is: stay calm in a bear market, reduce operations, and wait for the market to pick up.

Finally, I hope my experiences and lessons can bring you inspiration. Remember, the currency circle is not a simple money-making game, it tests your patience, decision-making and risk control. Cherish every bull market, but more importantly, protect your principal in the alternation of bull and bear.