Today we continue to follow up on the previous article to explain how to improve our trading awareness in the currency circle. The content may be relatively long, and I hope it will be helpful to everyone. Thank you for reading. Remember, the fundamental of trading is survival. I hope everyone can survive in the currency circle with the academician of the currency circle and keep going.
The fifth key point to improve trading awareness in the currency circle is to continuously strengthen one's own mental cultivation
The academician of the currency circle mainly covers two aspects of mental cultivation:
- The ability to learn, that is, learning ability
Through years of research in the currency circle, the academician of the currency circle found that learning ability is the main factor determining the inner quality and maturity of traders' mentality. Therefore, the focus of everyone's learning should be on finance, psychology, and behavioral science.
- The academician of the currency circle often talks about: one's own execution ability
Execution ability determines whether our final trading goals can be achieved. It is also the most important link to transform learning ability into results. When our learning ability and execution ability can be completely matched, there will naturally be no subjective judgment and speculation in actual trading, no opportunistic mentality, no ecstasy and expansion when making a profit, no despair when making a loss, and no emotional interference in decision-making. Then the mental aspect naturally reaches a relatively high level. Therefore, execution ability is very important. Even if the academician of the currency circle is very capable, without execution ability, one cannot achieve the desired results.
The sixth key point to improve trading awareness in the currency circle is to enhance one's understanding of the profit-seeking nature of capital
Here, the academician of the currency circle still uses the contract market as an example to illustrate. The activity of the contract market depends on the liquidity and sustainability of capital flow, and the key to determining the liquidity and sustainability of capital flow is whether the market is profitable. Where the market has a good money-making effect, where there is a very large profit space and profit expectations, capital will inevitably flow there.
This sustainability process is divided into short-term sustainability and medium- to long-term sustainability. From a macro perspective of the contract market, the academician of the currency circle sees the alternating cycle of continuous inflow and outflow of funds. Everyone also understands the basic logic of the transition between bull and bear markets. From a micro perspective of the contract market, looking at the continuous inflow and outflow of funds, one also understands the logic of the evolution and rotation of mainstream coins and altcoins. The academician of the currency circle found that the core of all these is the inherent profit-seeking nature of capital.
The academician of the currency circle mentioned here that everyone should recognize and understand these basic logics, so when choosing a trading direction, we have an important reference basis, which is to adapt our operations to the capital behavior of the main force. This is also why the academician has always recommended everyone to focus on mainstream old coins such as Bitcoin and Ethereum.
The seventh key point to improve trading awareness is to correctly understand oneself
The academician of the currency circle needs everyone to comprehensively analyze our own human nature. First, it is to recognize the essence of self-realization desire. Most people naturally hope to maximize their abilities and always want to do their best.
It is also this driving force of self-realization and the extreme desire for money that motivates currency traders to constantly challenge the market. But along with the idea of self-realization comes another extreme, which is self-destruction, because the currency circle market provides many opportunities that lead people to self-indulgence or self-destruction.
These two different extremes are like the relationship between risk and profit. Therefore, the academician of the currency circle has always said that in trading, we must clearly realize our own shortcomings and the tendency of self-destruction and control them, reducing their impact on our trading.
Secondly, the academician of the currency circle believes that everyone should recognize the essence of reality and illusion. Since trading itself is a game of competing and seeking wealth from each other, we must recognize the cruelty of the contract market. This cruelty is reflected in the fact that in a relatively short time, you can lose everything and eventually be eliminated from the decentralized market.
This cruelty is not distinguished by intelligence and capital strength, but by the ability of self-human management. The academician of the currency circle found that the vast majority of people cannot withstand the torture and blows of this cruel reality, which also determines the trading fate of most people in this market. Illusion is the biggest factor that leads us to the wrong path and abyss. The illusion mentioned here by the academician of the currency circle mainly comes from the excessive self-confidence in one's own abilities, the imbalance of fear and greed, self-inflation, obsession with seeking enlightenment, blind belief, and blind worship driven by human nature, which will ultimately lead us to failure.
The academician of the currency circle has always believed that successful traders are realists because they are very clear about their abilities and limitations. Regardless of the market conditions, they can deal with and accept the results calmly, never obsessively looking for shortcuts to trading success, never blindly confident and inflated, and never blindly worship and believe. They can balance their fear and greed well, and will carefully analyze the market, think and judge independently, and rigorously examine themselves. Because they are very clear that to achieve trading goals, they ultimately have to rely on themselves.
Today, the academician of the currency circle has talked so much, and will continue to explain to everyone tomorrow. I am a warrior who has always been protecting the leeks. I wish my fans to achieve financial freedom in 2024. Let's keep going!
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