Going far in the cryptocurrency world requires real knowledge!

in LeoFinance5 days ago

The 'simple methods' in the cryptocurrency world are the true wisdom for going far. Those who can truly go far in the market are never those who chase flashy strategies. A solid foundation and rational judgment are what give the confidence to withstand volatility—unfortunately, most people are often distracted by their own impatience along the way.

I have seen too many investors going around in circles in the market, ultimately ending up with nothing, often blaming the reasons on 'strange market conditions' or 'bad luck.' However, peeling back the surface reveals that the real problems often lie within themselves: impatiently entering the market with heavy positions as soon as there is a hint of an upward trend, as if waiting one more second would mean missing an entire era; panicking and cutting losses at the slightest pullback, fearing they will get stuck as 'bag holders.' They are keen on chasing short-term fluctuations, frequently trading while staring at minute charts, yet quietly losing their principal with each buy and sell. Even worse, some risk all their assets based on an unverified rumor; once the market changes direction, they find themselves deeply trapped, and by the time the real trend arrives, they have already lost the qualification to participate.The 'simple methods' in the cryptocurrency world are the true wisdom for going far. Those who can truly go far in the market are never those who chase flashy strategies. A solid foundation and rational judgment are what give the confidence to withstand volatility—unfortunately, most people are often distracted by their own impatience along the way.

source

The most taboo thing in cryptocurrency trading is being led by emotions: being greedy when in profit, always wanting to earn a little more; but stubbornly holding on during losses, fantasizing about miracles happening. Such operations are less about investing and more about gambling based on luck. Those who truly can establish themselves in the market for the long term are often those who understand 'restraint': when the trend is unclear, they choose to observe quietly and do not act blindly due to short-term market fluctuations; when certain opportunities arise, they act decisively to seize those high-probability swings.

This is not some profound skill, but rather internalizing the most basic principles into habits: always keep some cash on hand, and do not fill your entire position due to momentary temptations; do not chase those slowly declining assets, but focus on those that have undergone deep adjustments and possess rebound potential; orient towards mid-to-long-term trends, ignoring short-term noise, and seek real opportunities amid the market's ups and downs.

These principles seem simple, yet they allow practitioners to move forward steadily, while those who ignore them remain stuck in place. There are no shortcuts in investing; doing simple things well is the greatest advantage. Rather than pursuing overnight wealth, it's better to build steadily; living longer in the market allows you to seize more opportunities. If you want to gain something from cryptocurrency trading, it might be beneficial to adjust your mindset and free yourself from emotional trading. Focus on The current market adjustment may be nurturing new opportunities; do not let hesitation and impatience cause you to miss the success that should belong to you.

Posted Using INLEO

Sort:  

Also is great to follow the right people, those ones who give great trading advises.

Right. Thanks for your valuable feedback