Challenge from 10,000 U to 2,000,000 U on the 101st day
Total balance: 316875.11 U
It has been 3 months since the challenge from 10,000 U started, and I have achieved 30 times so far, with 1,700,000 U remaining to reach the goal. As the capital increases, the room for operation also expands. Initially, the plan was to earn 10% of the principal daily, and now it has become stable. At the beginning, the capital was small, so I had to take bigger risks to accumulate funds. Establishing a solid foundation before planning is key, and accurately grasping market trends is essential. Trading contracts is not about how much money you have, but about whether the positions taken carry risks and whether you can sleep at night if trapped. Many people lose money in this market and slowly lose their rationality, turning investments into a casino, continuously increasing their inputs, heavily investing, and fantasizing about getting rich overnight to make up for previous losses instead of rationally controlling risks, which ultimately leads to going further astray. Firstly, we need to adjust our mindset and not let anxiety and the rush to recover losses interfere with our mental state. Then we should review our trades, be patient after completing a trade, and avoid frequent trading. The time spent in cash should always be greater than the time spent holding positions. Opportunities are created by waiting; in this market, money can never be fully earned. If you can meet this requirement, you are also a big player in the crypto circle. It’s not about trading coins; it’s about trading time. That’s all for today. I wish those friends in the market recovering their losses a speedy recovery and a happy life. Still, I advise newcomers not to play contracts; contracts can be considered poison and a harvesting machine for the inexperienced.