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In the world of speculation, invincibility is never absolute, but relative; after all, Dongfang Bubai and Dugu Qiubai only exist in Mr. Jin Yong's martial arts world.
If you want to make money by investing in Bitcoin, then solid K-line, moving average and other techniques are necessary, but I think these are not enough. You also need to have a key factor: an investment style that is unique to you. As for what this style should be based on, let me start with my real personal experience: from February to March 2015, I tried to lead 300 to 400 people (at that time I had a large QQ group with more than 400 people), with an estimated minimum of 30 to 50 million yuan in funds (based on some big investors I knew in the group and the rest, an average of 50 million yuan in funds per person) to speculate on BTC in the short and medium term, including futures. My intervention on February 11 was very successful, but I did not close my position at the key point. When the price was close to 1900, the number of my Bitcoins had increased by more than 15 times from the 900 I intervened in just two months. However, I did not reduce my position but increased my futures position instead. It was OK at the time. My position in the international quarterly contract once ranked first among the largest investors, reaching as high as 12,000 bitcoins. I tried to promote the market outlook we wanted by myself, which was a serious mistake I made. In the end, I returned all the profits of the operation to the market and lost the principal of 5 coins. I think after experiencing these No one could be calm, and it took me 4 months to calm down. During these 4 months, I repeatedly studied the key points and all the details of my mistakes, and finally I confirmed that my mood had become calm. In July, I started to operate again. From then until today, all the operations I led with my small team have never been unprofitable. Of course, the profit is not as high as my previous madness. The highest profit is only 6 times. They are: shorting on the night of July 12, long on September 24, and calling again on November 11 for full positions of spot that did not listen to me before below 2000, financing long on February 3, 2016, and futures long on February 11; I said these not to tell you how undefeated I am. What I want to say is: every mistake, if we can suppress ourselves for a few months and see any market regardless of whether the prediction is right or wrong without operating, just quietly observe the trend, then these few months can make it easier for you to be in a relatively undefeated state; Why does this happen? It’s not that I’m so awesome, I just did the basic self-cultivation of an investor! When However, self-cultivation is not enough, this just gives yourself time;
After a major mistake, we should not be discouraged, angry, impulsive, etc. Instead, we should regard this failure as a gift from God. This is a chance for us to think and observe carefully before continuing on our way. After all, we are still here and have not died; the factors that led to our failure (Bitcoin transactions, platforms, etc.) are still here. As long as people and factors are there, there are opportunities. God will give great responsibilities to those who are here... I am afraid this is what it means. According to the nature of an ordinary person, there are usually two or a combination of the two attitudes and decisions after experiencing a major investment failure: 1. Blame the sky, curse the main force, be angry, impulsive, etc., and in the end, you may not be able to observe the pattern at all, rush to enter the operation again and fight like a mad dog, of course, most of the endings are dead; 2. Negative, painful, feeling suffocated, completely desperate, etc., this type of people usually decide not to touch speculation again (of course, whether they can do it in the end is unknown), so most of them continue to work and live, a few choose to break their oath and intervene in the operation again, and a very few choose to commit suicide to solve the problem. These two reactions are actually very normal. After all, most of us have earned our money through hard work and sweat, and they are also the reactions that all normal people should have. However, I would like to remind you that speculation is not something that humans do. If you cannot go against human nature, you may end up losing money. Just like the two normal reactions I mentioned, these reactions are actually based on our psychology and affect our mentality or behavior. However, these are not helpful for investment. The only thing we can do is to accept failure, fear failure, and then avoid failure. Impulsiveness and negativity are of no help. Of course, everyone can say it and everyone understands it, but how can we do it when we make serious mistakes or even suffer serious losses?
Step 1 : Find a place without computers and Internet and stay there for more than 24 hours. You will not be able to be calm during these 24 hours, but you have no choice because you cannot check the market at all because there is no Internet. If you cannot find such a place, you can choose to give your laptop and mobile phone to your family and ask them not to let you touch them for 24 hours, and then stay at home and watch TV. Of course, you can't watch it, but you can feel unhappy while watching it and continue to hold on to your failure.
Step 2 : Within half a month, you will always be interested in fishing, meeting friends and classmates (excluding investment friends), doing all your hobbies, or fulfilling your responsibilities that you don’t usually do well, such as taking your children out, taking your parents out, etc. In short, you have to have fun and do what you should do;
Step 3 : After completing the second step, make up your mind that when you see the K-line on your computer or mobile phone again, you just want to figure out your mistakes, not to recover losses or even profits; then, in the next 3 months to a year, just observe the market as a bystander, but never operate. During this time, you don’t need to continue to operate, but to cultivate yourself in investment;
Step 4 : Confirm that your technology is more sophisticated, future operating strategies are more perfect, investment style is more personalized, and the situation is calm as water. Then we can start to consider intervening in the operation. If you cannot confirm, then proceed with step 3 again.
Perhaps most investors will say after seeing the steps I described: the daylily is cold! Yes, it is indeed possible that the target we invested in during this period is completely ruined, but we are still alive, right? As long as we are alive, we can find another daylily to make soup, not to mention that the facts prove that people are still there and the investment target is still trading! The key is that when we are in the third step, how do we cultivate ourselves in investment?
As a bystander, you will have a clearer mind, because bystanders can see clearly, right? You will not be affected by psychological factors such as fear, impulse, excitement, etc., so you only need to observe the market and predict the market. If the market is very different from your prediction, then you must find the reason. What was wrong with your previous thinking? Is it the technology, the grasp of human nature, psychological analysis, or your own analytical mentality? I think there are two results of such repeated paranoid and inhumane training: obsession and phoenix nirvana, but no matter which one is better than rushing to operate, falling into repeated operations and repeated losses and finally losing everything.
But this is not enough, and these cannot make our entire investment life laugh at the end. Because this is just a way to refine investment skills, a way to calm down after a loss, a process of correcting investment strategies, and a way to develop an investment style... Once you intervene again, can you be confident in your skills and not be affected by others or news? Can your mind remain as calm as before the intervention? When you see the K-line pattern that fluctuates repeatedly, can you stick to the strategy throughout? Can your personalized investment style be reflected? I think this is the key to the highest level of investment: we need to downplay our obsession with profits and losses. We need to know a truth: be willing to give up. If you are too obsessed with profits, then you will not be able to believe in your own skills, have a peaceful state of mind, execute strategies, and reflect your own style; this requires us to understand the true meaning of floating profits and losses at critical moments. It is floating. We need greater patience to complete the long investment journey of a lifetime. Profits are not temporary. We should neither give up easily nor stick to the end. This is both a strategy and a discipline. We should invest in accordance with the strategies and styles we have identified. So the last sentence of my article "String Theory Investment Thoughts: Carp" is: My profit can come and go, the important thing is style and thought; since we choose to invest in Bitcoin, it is important to look down on the profit and loss of the moment! As I said at the beginning of my article: There is no absolute invincibility, the key is how to avoid and reduce failures, and finally complete a wonderful investment life! We (most people) are not unaware of this, but we are used to being ourselves and don’t want to make any changes! We have too many reasons not to change ourselves: I have little capital, I have lost too much, I want to lower the cost, I think it will work this time, I can’t miss it, the guy next door is making a fortune again and I must catch up, if I don’t do anything, I will never become a rich man. . . . . Then I’m sorry, the K-line will never accommodate you! If you want to be relatively (ultimately) undefeated, it’s never too late to start! Note: Since I am an investor, Chinese is not my forte, and I am too lazy to reread the article to correct various text errors. Please bear with me. Please understand the various errors on your own. I hope it can help young people who have been defeated by failure or are experiencing investment failure! From: Coin Technology |
