Last night a friend reached out to chat with me.
He held a UNI position of roughly 100k U, and after trading sideways for two or three days, last night a sudden “black swan” candle took him out on its own.
Before that, I had seriously explained UNI’s logic and the project background to him, but he hardly cared—his eyes were only on whether the price was going up or down and the red/green K-line bars. If it rose, he was happy; if it fell, he was miserable.
I suddenly realized how difficult it is to make him truly understand what “value investing” even means.
In the crypto world, those who only pump up based on news and emotions often find the higher they climb, the lonelier it gets—and in the end, most end up heavily in debt.
The essence of trading has never been about guessing the color of the next K-line. It’s about the misalignment between price and value.
Through the market’s repeated grind, turn the discrepancies in your understanding into your own long/short judgments.
If you decide when to buy and sell based on a single piece of news or a single K-line, then chances are you’re just a gambler whose final account will eventually go to zero.
Those who truly manage to survive don’t rely on luck. They rely on the habit of continuous learning over the long term, and the perseverance to explore the true nature of things.
He held a UNI position of roughly 100k U, and after trading sideways for two or three days, last night a sudden “black swan” candle took him out on its own.
Before that, I had seriously explained UNI’s logic and the project background to him, but he hardly cared—his eyes were only on whether the price was going up or down and the red/green K-line bars. If it rose, he was happy; if it fell, he was miserable.
I suddenly realized how difficult it is to make him truly understand what “value investing” even means.
In the crypto world, those who only pump up based on news and emotions often find the higher they climb, the lonelier it gets—and in the end, most end up heavily in debt.
The essence of trading has never been about guessing the color of the next K-line. It’s about the misalignment between price and value.
Through the market’s repeated grind, turn the discrepancies in your understanding into your own long/short judgments.
If you decide when to buy and sell based on a single piece of news or a single K-line, then chances are you’re just a gambler whose final account will eventually go to zero.
Those who truly manage to survive don’t rely on luck. They rely on the habit of continuous learning over the long term, and the perseverance to explore the true nature of things.
