Summary of Ten Years in the Crypto World: Eight Iron Rules, A Must-Read for Newcomers!

If you want to establish yourself in the crypto world, in addition to closely monitoring the market, you must also master the trading iron rules. Today, I summarize eight pieces of experience to help you avoid detours and improve your winning rate!

1. Set the tone in the morning, make decisions calmly

Morning is the time when market sentiment is most genuine. If there is a sharp drop right at the opening, don’t panic; it might be a good opportunity to buy the dip. Conversely, if there is a continuous surge, don’t be greedy; take your profits and secure your gains.

2. Afternoon market is half real, half fake; proceed with caution

If there is a sudden surge in the afternoon, don’t impulsively chase the highs; it may be a fleeting trap to lure buyers. If there is a drop, don’t rush to catch the falling knife; observe for a night, as the next day's low often offers better value.

3. Don’t panic during a downturn, don’t be anxious during consolidation

If you wake up in the morning to see prices plummeting, don’t rush to cut your losses; market fluctuations are inherently severe, be patient and wait for recovery. If the market is stagnant, take a break and wait for a breakout signal before acting.

4. Strictly adhere to buying and selling discipline, don’t be led by the market

If the price hasn’t reached your psychological target, don’t trade lightly. If it doesn’t rise to your expectations, don’t sell easily; if it doesn’t fall to support, don’t rush to enter. During the consolidation phase, it’s even more important to stay steady; when the direction is unclear, trading is equivalent to gambling.

5. Make good use of candlestick signals, operate in the trend

Buying on bearish candles and selling on bullish candles is a classic strategy. A bearish candle indicates a price correction, providing a chance to buy low; a bullish candle signifies a short-term rising trend, selling in batches is more prudent.

6. Think contrarily, avoid emotional trading

Stay calm during market euphoria; be brave to enter during panic selling. Often when others are greedy, you should be cautious; when others are fearful, you should be bold; this is the mindset of a skilled trader.

7. The consolidation period is the most torturous, but patience leads to victory

Long periods of price stagnation test human nature the most; don’t be swayed by market emotions. Wait until the trend is clear before taking action; don’t make mistakes in hesitation.

8. After a surge, be bold to cash out

If prices have been hovering at high levels for a long time and surge again, it is often the last frenzy. At this time, you must decisively sell to truly secure your profits; otherwise, you might easily lose everything.

Summary

The crypto world is full of opportunities, but it also tests your mentality and strategy. Master these eight iron rules, avoid blindly chasing highs and killing dips, and your trading journey can go much further! #CPI数据来袭 #掌握市场 #加密市场反弹 $BTC