Investment advice from overseas experienced players (3)
Today I want to share with you the last two pieces of advice in this series. I have repeatedly mentioned these two suggestions in the article, but it is never too much to share with you again, because it will always be a suggestion that every investor should keep in mind.
"Don't operate with high leverage."
The previous two articles mentioned that investors who feel that they are "too late in the industry" tend to find ways to get rich quickly by finding hundreds of times coins and thousand times coins. Another type of investor who is easy to adopt is high leverage operation.
One might think: Am I missing out on $200 to $2000 in Ethereum? Am I missing out on $5,000 to $50,000 in Bitcoin? It’s okay, we use 10 times leverage to get $20,000 from $2,000. Isn’t that equivalent to buying Ethereum at $200 and getting $2,000?
Big mistake.
I think,
I think,In the field of digital currency investment, in order to achieve success in the end, the first thing to keep in mind is that we never do operations that may make us completely out, and we must maintain a healthy position. Only in this way can we stay here forever and have Opportunities Find our own opportunities.
High leverage can easily kill us forever.
"Be sure to know what I'm buying."
An important reason why novice investors easily lose their chips is that they don't know what they are buying, that is, they don't know the real value of the chips in their hands.
When the market experiences a decline of 20%, 30% or even 40%, you can take it lightly; when the bear market lasts for 1 year, 2 years, 3 years or even longer, you can firmly believe that tomorrow will usher in a bright future, which requires faith, confidence and patience. Understanding and belief in digital currency and the industry from the bottom of the heart.
This is the hardest.
How can we improve our cognition and deepen our understanding? We need to study, we need to learn.
Only when we establish an "intimate relationship" with the varieties we invest in and understand the varieties we buy, can we experience wind and rain, withstand fluctuations, restrain fear, fear no doubt, and see through the various "uncertainties" that pervade the market. ".
When senior players say: Well, that currency can increase by 100 times. Do you know why it can rise 100 times? Do you yourself believe that it can rise 100 times? Can you still believe that it can still rise 100 times when it has fallen by 50%? These questions are all questions to test whether we really understand the soul of a breed.
When you can answer these questions yourself, you will never ask others again: Can XX coins still be held? Can XX currency still rise? Is XX currency dead?
When we think about these issues clearly, we can sleep peacefully and never be disturbed by market emotions.
When I read the author's above two paragraphs, I couldn't help but think of me, all the past events I experienced and the various investors I met in the process of writing articles over the years.
I hope that readers who have the opportunity to read it can keep these suggestions in mind, and constantly hone and improve themselves in practice, especially in the rapidly iterative field of the currency circle, there are always opportunities.
