All kinds of people move in and out of the financial markets all the time, either just getting started or already experienced. However, not everyone can quickly capture wealth, and not everyone can withstand the impact of profits and losses.
Even in the same situation, everyone has different judgments, reactions and handling methods. If it were you, in a financial market full of opportunities, temptations, risks, and unknowns, where would you go and how would you choose?
"I didn't expect it to be really difficult. I thought it was very simple." Thinking of the time when he first started investing, Xingbei couldn't help but sigh with emotion. The label of strong will seems to be torn off in an instant in a transaction. When it comes to those skinny episodes, he doesn't even want to recall more. Yes, in the financial investment circle, people's psychological defenses go through a cycle of construction, reinforcement, collapse and collapse all the time.
Being in it, maybe you are just doing one thing, which is to keep making decisions, and it has to be the right decision. Every decision is very important and they are chained one after the other. Because in this fierce battle between spirit and matter, there is no eternal winner.
The buying price is 128.36, which has begun to decline. If it continues, does it need to be sold in time? If an hour later, there is not even 120 left, and a decisive shot is still at 125.23, it can be regarded as a timely stop loss. Or, wait and see?
Such a simple and tangled psychological process is commonplace in Xingbei's transactions. Finally, at 124, he reluctantly chose to cut the flesh. "This is a change in the general market environment. If we continue to wait, the possibility of a turnaround is very small." Xingbei, who prefers short-term trading, has also gone through the "point of no return" of waiting for a rise in luck. Afterwards, Xingbei's decision proved to be correct.
Financial markets have always been unpredictable and elusive, with many complex factors interacting with each other. In the face of this "game", the player's body and mind, as well as assets, are all under the impact of various dimensions. Under high pressure, those who can make some gains and escape unscathed can be said to be rare. In the game, willing to bet and admit defeat seems to have become an abstract concept in textbooks. Even if there is a slight possibility, this will be a protracted battle that will carry the madness to the end.
Human emotions have been completely manipulated by the market lines and the prices of buyers and sellers in the transaction. The breaking point usually occurs when the profit or loss is announced after a transaction is completed. After four years of study, what once seemed to be an astronomical figure has become unobtrusive. "If you look at the numbers too much, they are just numbers. Sometimes you don't even feel that this is real money." Xingbei said frankly.
In the financial market, everyone plays the role of a trader, even if there are novices and seniors, amateurs and professionals. Although their respective wealth and transaction scale are different, the realization of asset accumulation almost all depends on the positive effects of thinking decision-making, psychological quality, and timing. Of course, luck is the finishing touch. Once the "Golden Gate" is as deep as the sea, years of hard work may just cross the threshold.
"I'm just getting started. Sometimes, I feel that investment transactions are very simple. It's nothing more than a process in which everyone pays tuition fees and then divides up the tuition fees with each other. The tuition fees paid by oneself are then earned back by themselves. Most of the time, they are earning other people's tuition fees. That part of me might have been taken out of the field long ago and gone forever.” Xingbei’s metaphor is very vivid, as if people can see the joy and bitterness of being a financial participant.
What makes people most anxious and restless is often not the actual situation, but mostly unknown risks and the price of success. Everyone's bottom line and endurance are different. Even if the situation is the same, the degree of psychological defense is also very different. Xingbei said, "I have a few friends who also invest, and they really collapsed after losing the first sum of money. Then they just gave up, and they just didn't get out after a long time."
When asked what conditions are required to become a qualified "trader", Xingbei hesitated a little and replied, "Let's not talk about professional traders. For ordinary people, at least they must be good at mathematics and able to withstand pressure. Of course , and you have to have a fund that you can afford to lose."
Indeed, it's hard to imagine a person who can't even react quickly to double-digit multiplications can quickly spot opportunities lurking in price differences. Similarly, those who are brooding and self-pitying when they lose money, unable to get rid of the shadow quickly and recover, and even those who are extremely excited and complacent when they make money can go steadily and win more in this protracted battle.
"You have to figure out where the root of the price change is, and you have to pay attention to and grasp enough information inside and outside the market. When you can correctly predict the direction of the next ups and downs even once or twice in the repeated trading process, you basically have a chance of winning The probability will increase. However, the market is still unpredictable after all. Even with complex technical analysis, sometimes it is difficult to find out the fixed rules of profit and loss. But having said that, the most important thing is to find the field you are good at and the trading rhythm , and developing insight,” he added.
After paying a painful price many times, Xingbei no longer has the "confidence" that he had when he first entered the investment circle. There are few clear rules and convincing methods in his views. On the contrary, uncertain factors are often mentioned, and the experiences and dry goods shared are not as many as imagined.
When he heard the question of why you want to make financial investment, Xingbei suddenly smiled and raised his voice slightly and said, "Of course I want to make a lot of money and make my life better! Also, I want to prove that I have Ability in this area.” Such an answer seems to be a standard answer, showing the reason why people are active in various financial markets to participate in investment and transactions.
Not long ago, after investing in stocks, funds, national bonds, and foreign exchange, Xingbei set its sights on the cryptocurrency field. "Last month, I saw a few articles about Web3 in Moments, asked a few friends who understand Bitcoin, and then checked the information on the Internet, and found that the market value of this market has exceeded 1 trillion dollars. There is news He also said that the Bitcoin spot ETF may be listed this year, and I felt that I would be out if I didn’t enter the market.” Talking about the opportunity to pay attention to the encryption market, Xingbei seemed a little excited, as if he had discovered a “new continent”.
In the field of cryptocurrency, there are exchanges without brokers. During the "May 1" period this year, taking a ride on the newcomer invitation event, Xingbei opened an account at an exchange called AscendEX and officially embarked on his journey to the crypto world. "It's not for the benefit of the event, but mainly because a buddy in the group told me that the founder of this exchange used to do traditional financial quantitative transactions on 'Wall Street', and it feels more professional, plus 'Ziqi Donglai' The tone of the official website, so I got into the car,” he explained.
In fact, in the encryption market, in addition to centralized exchanges like Summit, there are also decentralized exchanges. Literally understood, the main difference between them is whether they are operated artificially. Xingbei, who is familiar with spot and futures trading, finds it difficult to understand the concepts of automatic market makers, liquidity pools, and LP coins on decentralized exchanges. Therefore, he decided to start with a centralized exchange first.
"I feel that buying and selling these cryptocurrencies with the same English words is not much different from the previous stock trading. The basic logic is similar, and the market has not been closed yet. I just need to look at the law of ups and downs." In the communication with Bei, it is obvious that he has a strong interest in the new financial field, and he has already gotten started. This can't help but make people think that there should be more and more contacts and participants in the encryption market.
Later, Xingbei said in a return interview that he found that the crypto market not only has spot futures trading, leveraged trading, but also wealth management and DeFi mining with industry characteristics, that is, depositing coins to get new coins for free. Facing those three-digit annualized financial management rates, Xingbei jokingly said, "Who wants to keep an eye on the market every day when you can make money like this? What's the difference, I'm too lazy to move now."
Whether it is traditional finance or encrypted finance, people have participated in various investment and trading activities with their yearning for a better life and curiosity about new things, and Xingbei is a microcosm.
It is true that everyone wants to be successful or even get rich overnight. However, on the road of financial investment full of thorns, in order to reap their dreams, everyone is using their own methods to change things to varying degrees. The alternation of light and darkness is endless, just like the market trend is high and low. Even so, people seem to have no intention of stopping.
Not limited to financial investment, most of the transactions that exist in many fields are important means to promote social development and realize value accumulation. And in the "big game" of life, you and I are also traders, that is, use what I have to exchange what you need.
Author: Shanshui or Shanshui
Note: The name of the person in the text is a pseudonym
