Don’t get carried away when you’re making money; don’t back down when you’re losing!

All that “diversified investing” and “don’t put all your eggs in one basket” for ordinary people is toxic advice. Ordinary people shouldn’t think they can scatter a few pieces of silver everywhere.

The right way is to concentrate your idle money into products you’re familiar with and that you’ve already made money from, and then watch them carefully. If your investment isn’t about concentrating for a one-time breakout with ultra-high returns, what’s the difference from buying a fund and letting the fund manager lose it all for you?

The gap in mindset is a chasm. If you’re willing to accept it, willing to learn, and stay open-minded, you can often surpass many people. If you shut yourself in and don’t dare to try anything, it’s naturally impossible to get a completely different life.

High risk leads to high returns; low risk, of course, means low returns.

Don’t be afraid to place big bets when trading. The key is being right big when the timing is right, and wrong small when the timing is wrong. If you can keep sitting at the table long enough, you may have a chance to walk away with cash.

Don’t get carried away when you’re making money; don’t be timid when you’re losing money—let’s encourage each other!

Chinese New Year is coming soon. Crypto friends, how much have you made in the crypto space? No matter how much you earned, may you get rich in the New Year.