The logic of making money in #美联储回购协议计划 market, to put it simply, is an ongoing process of fighting monsters and leveling up.

In the beginner stage, almost everyone has been here—scrolling messages, listening to others’ opinions, following trends to buy and sell. When the market is good, accounts turn red, and it’s easy to mistakenly think you are a master. When the environment shifts, the profits you previously made are quickly wiped out. The fundamental issue is one: gambling entirely.

Some people later start to do their homework. Learning K-line charts, studying support and resistance, finding entry points. Knowledge gradually improves, but once it comes to actual trading, true colors show—hesitant to cut losses when needed, unable to resist watching and waiting. Technical skills are not the problem; discipline in execution is the real bottleneck.

Then differentiation appears. Those who can persist begin to set their own rules. Before entering a trade, they think about the bottom line, position size, what to do if losses occur. They no longer chase hot topics, only take opportunities that meet their criteria. Trading shifts from gambling on right or wrong to calculating probabilities, and the results stabilize.

Climbing to the next level, the trading mindset must change again. It’s not about frequent entry and exit, but about understanding rhythm and cycles thoroughly. Building positions in batches, diversifying risks, focusing on long-term structure rather than daily ups and downs. At this stage, macro factors like Federal Reserve repurchase agreements and policy environments truly start to influence your decisions.

The final level is no longer just about trading coins but participating in the ecosystem itself. Fundamentals of projects, ecosystem expansion, resource integration—these are the real sources of profit. The gains are not from a single market wave but from the dividends of the entire industry’s development.

Over the years, I’ve seen too many people come and go; those who survive are always those who follow this path step by step. It’s not about one precise judgment but about systematic thinking.