After years in the cryptocurrency world, I have summarized a few trading principles!
1. Trading experts do not rely on divine predictions; the key is to strictly control losses and maximize profits. No one can predict trends, and keeping losses small while making big profits is the key to profitability.
2. Ensuring the safety of principal is the primary goal in trading; surviving is the first step to potential profit. Execution and stability are very important; sentiment has no place in trading. Remember the order to increase survival chances.
3. Don’t become arrogant just because you made a few correct judgments; excessive pride in trading can lead to losses, and being smart does not mean you can trade.
4. Market trends cannot be predicted with precision; find the key positions to enter and exit. If the timing isn't right, stay out of the market; avoid blind high-frequency trading to prevent liquidation.
5. Master a trading strategy that suits you, refine it repeatedly, and mastering one technique is better than knowing a hundred.
6. Focus on major currencies like BTC and ETH, and avoid playing with obscure altcoins!
7. When consulting experts, don’t be arrogant; ask more questions proactively. Their experience can save you a lot of time in exploration.
8. In the initial stage of trading, keep your funds small; if you can use a virtual account, don’t use a real account. If you can’t even double a virtual account, you are likely to lose in a real account; keeping it light will benefit you in the long run.
9. Coming into the cryptocurrency world is for trading, not gambling; don’t risk your livelihood. No matter how tempting the market is, don’t go all in; always reserve a year’s living expenses for your family and keep risk in mind.