炒币人的心态

There is a very foolish way to trade cryptocurrencies, but this method can almost eat away all profits, so learn slowly. First of all, when trading cryptocurrencies, we should never do three things.

The first thing is to never buy when the price is rising. Be greedy when others are fearful and be fearful when others are greedy. Get into the habit of buying when prices are falling.

The second is to never place large orders.

The third is to never go all-in. Going all-in makes you very passive, and this market is never short of opportunities; the opportunity cost of going all-in is very high.

Now, let's talk about six key rules for short-term trading.
The first is that after the price of a cryptocurrency consolidates at a high level, it usually makes a new high. Conversely, after consolidating at a low level, it typically makes a new low. So, wait for the direction of the market change to become clear before taking action.

The second is to avoid trading during sideways movements. Most people lose money in cryptocurrency trading because they cannot follow this simplest rule.

The third is when selecting candlesticks, buy when a bearish candlestick appears, and sell when a bullish candlestick appears.

The fourth is that when the decline slows down, the rebound also slows down, and when the decline accelerates, the rebound accelerates.

The fifth is to build positions using a pyramid buying method; this is the only unchanging principle of value investing.

The sixth is that when a cryptocurrency continues to rise, after a sustained decline, it will inevitably enter a sideways state.

At this time, we don't need to sell everything at the peak, nor do we need to buy everything at the low. Because after consolidation, there will inevitably be a market change. If the market changes downward from the high point, we need to clear our positions in a timely manner; in any case, we must act promptly.
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Not everyone can get rich trading coins, but at least don't always lose. Don't ask me why I understand, it's all lessons learned from spending money. In summary, there are actually these 10 points, remember them, not saying you'll definitely win, but at least you won't easily step on a landmine:
1. Those coins that are usually strong, if they drop for 9 days in a row, there's a high probability that they're about to hit bottom, if you can get in, don't miss out.
A significant drop will naturally rebound, especially strong coins are obvious, don't just be afraid of their drop.
2. If a coin has risen for two days in a row, you should consider selling part of it.
Retail investors love to chase after rising prices, but the result is often being trapped. If it rises too sharply, it’s likely to retrace, take your profits while you can.
3. Coins that surge more than 7% today usually still have some residual heat tomorrow, so don't rush to sell just yet.
However, pay attention to the market, if after the surge it can't go up, don't force it.
4. No matter how strong a coin is, don't chase it at high prices. Wait for it to retrace before getting in, otherwise if you're trapped, you'll really have nowhere to run.
Many people end up losing because of chasing high prices.
5. If a coin hasn't shown any movement for three consecutive days, wait another three days; if there's still no movement, switch coins.
The crypto market doesn't wait for anyone, time is also a cost, don't just stare at one coin and waste time.
6. If you lost a bit today, and tomorrow it hasn't even returned to yesterday's price? Just walk away.
Holding on will only lead to more losses, don't expect "it will definitely come back up."
7. The coins on the gainers list often start rising after three days. If a coin has risen for two days, you can consider buying on dips, around the fifth day is a good selling point.
Short-term timing is crucial, if you master it well, you can profit from others, otherwise, others will profit from you.
8. Trading volume is particularly key, volume is the lifeblood of a coin.
A sudden increase in volume at a low point may be an opportunity, but if there's high volume at a high point and it can't go up, it's time to run.
9. Only trade coins in an upward trend, it saves worry, effort, and time.
A 3-day moving average breakout is a short-term opportunity; a 30-day moving average breakout is a medium-term opportunity; a 120-day moving average breakout could be the main upward wave, just hold on and don't think too much.
10. Small funds are not a problem, being reckless is the biggest problem.
If the method is right and you patiently wait for opportunities, even small funds can grow big. Conversely, even large funds can quickly go to zero with reckless behavior.
The crypto market is not a casino, don't have a gambling mentality, don't be impulsive, take your time, it's more important than anything. Being able to control your actions is what makes a true expert.

Those who can survive in cryptocurrency trading until the end will not be lacking.

So the first principle of trading is to ensure that you can survive in any market condition, and that you can survive without suffering significant losses.

You only need to achieve the following:

1. Strong position management skills
2. Have a reasonable stop-loss
3. Maintain the mindset to execute the first two (overcome human greed)

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Trading cryptocurrencies has never been an easy task; every investor in the crypto space has to go through countless setbacks from the moment they enter. Some people get knocked down, while others manage to stand up again. The difference lies in whether one can transform the hardships of the process into nutrients for personal growth. Everyone has experiences, but not everyone is good at reflecting and summarizing.
1️⃣: The safety of the principal comes first. If you lose all your capital, you'll never have a chance to turn things around. It's better to earn less and preserve your principal. Always leave some room.
2️⃣: Don't trade frequently; making a few correct large trend decisions in a year is enough. Greed can lead to significant losses!
3️⃣: Control your emotions: 99% of people lose to human nature; fear and greed are the biggest enemies: the stronger the market rises, the more people want to buy, and the worse it falls, the more people want to sell. However, true experts do the opposite.
4️⃣: In a bull market, dare to make money; in a bear market, dare to be patient (dollar-cost averaging). In a bull market, you must be willing to sell; don’t always think about making the last dollar. In a bear market, be brave enough to refrain from trading; don’t let market fluctuations shake you out.
5️⃣: The layout cycle is more important than short-term predictions; if you only want to trade short-term, you will constantly be influenced by market sentiment. However, if you can extend your cycle and focus on the layout, you will find that market cycles are more regular than short-term ups and downs.
6️⃣: Mainstream assets are the cornerstone of long-term wealth; Bitcoin and Ethereum have already undergone multiple rounds of bull and bear tests. Holding them long-term yields more stable returns than short-term trading.
7️⃣: Investing in yourself is more important than investing in coins; the market is always changing, and past experiences may not apply to the future. Continuously learning new knowledge is essential for surviving longer in the market.
8️⃣: Never touch unfamiliar coins; focus on the fields you are familiar with to ensure a stable victory!
9️⃣: When most people are optimistic, it often signals the arrival of risks. Remember this and don’t let yourself become a bag holder!
🔟: Making money in cryptocurrency trading is not due to luck, but because you are more patient, understand the market better, and can control your emotions better than others. The real "wealth creation secret" is not relying on sudden riches but on long-term survival. When the bull market comes, you will naturally become wealthy.

What truly allows you to make money? This market has risen from 75k to the current 105k, and Ethereum is buzzing with activity. The 'thousand-u war gods' and 'hundred-u war gods' are emerging one after another.
In the several groups I joined, the most active ones this month are those who turned a few hundred dollars into tens of thousands or even hundreds of thousands. They started sharing content, analyzing the market, and presenting various theories, strategies, indicators, liquidation charts, and logic to explain how they achieved this.
Here, I won’t discuss whether these technical analyses and strategies are useful. As Arma puts it, "Everyone in the market goes through a process of faith, contempt, and understanding regarding technical indicators." Whether useful or not, what ultimately makes you money is not the so-called logic and technical analysis, but your actions.
Looking back at your trading behavior during profitable times, there must have been a firm commitment to holding on after entering at a significant expectation. Achieving this is not easy, but it’s not too difficult either. If you get in at the bottom or buy when it takes off, as long as you're not too inexperienced, you can win as the market lifts you.
However, to achieve substantial results, merely knowing and doing this is not enough; you must also understand what your favorable conditions are and patiently wait for them to arrive. This is quite challenging; just knowing your favorable conditions (circle of competence) is already not easy, and being patient is even harder. But only by doing both can you achieve great results.
For one time, it’s quite easy; hundreds of thousands is not a lot of money. For ordinary people, cashing out this amount to improve their lives is a better choice. To stay in this market, you must have the resolve to consistently do the right things for a lifetime and to avoid doing the wrong things for a lifetime, even though this is truly difficult to achieve.
The right things generally refer to those with very low risk and exceptionally high returns. There are many wrong things; don’t engage in what you don’t understand, and even for what you do understand, be cautious of insufficient returns, excessive risks, and poor cost-effectiveness.