An ordinary mirror reflecting the 'demon'.

Amplifying human greed, fear, and fragility, what we are addicted to may not be real money, but the 'self' that desires a quick turnaround in fate.

Fantasy of getting rich: With 10,000 entering the market, seeing the numbers turn green instantly, waking up to reach a tenfold profit, this is what the 'demon' cannot help but think, 'What if I am the chosen one?'

Information anxiety: Afraid of missing current news, never daring to let the phone screen go dark. X's analysis, insider information (always thinking of getting rich).

Sunk cost: Feeling reluctant after losses, determining from this moment to 'leave once I break even'. Constantly brainwashing yourself, working for half a year for a raise, one wave in the crypto market can equal half a year's salary.

Brief conclusion: It's fine to deceive others, but don’t deceive yourself 😂.

You must understand that every cryptocurrency has a reasonable valuation. This valuation refers to the market liquidity value of the project. There are no projects that only rise without falling in the market, so every project has its reasonable value range. When the price exceeds this range, there is a bubble, and the bubble will eventually burst.

In this fluctuating cryptocurrency market, having stepped into numerous pitfalls, I have summarized 9 super practical tips to share with all my friends in the contract circle today, hoping to help everyone avoid detours and achieve financial freedom sooner.

1. Small funds, steady profits: If your capital is not much, under 100,000, being able to catch a big market move once a day is something to be pleased about! Never be greedy, thinking about making several successful trades in a day, and definitely don't operate with a full position all the time. Otherwise, one careless move could lead to total loss.

2. Timely selling on good news: When encountering major positive news, if you haven't had the chance to sell on the same day, and the next day opens high, sell quickly! You must understand that when good news is realized, it often marks the beginning of bad news. Don't foolishly hold on.

3. Pay attention to news and holidays: News and holidays greatly impact market trends. When encountering major events, such as policy changes or important announcements from industry giants, be sure to adjust your strategy in advance, reducing positions or even going to cash is acceptable. Past experiences tell us that once major events occur, the market will definitely experience significant fluctuations. If you don't accurately judge the direction in advance, don't rush to enter the market. Wait until the market trend is clear before following the trend.

4. Light positions for medium to long-term operations: For medium to long-term investments, you must enter the market with light positions to leave yourself enough room for operation. The market is unpredictable, and heavy positions carry too much risk; being steady is the long-term way to make money.

5. Quick entry and exit following the trend for short-term trading: The key to short-term trading is to follow the trend, entering and exiting quickly. When you see a clear upward or downward trend, quickly find the right entry point and run when you make a profit. If the market is lukewarm with little volatility, don’t rush to enter; patiently wait in cash and don’t be greedy or hesitate, or you might easily get trapped.

6. Rules of volatility and pullbacks: Market volatility is slow, and the speed of rebounds will also be slow; if the market fluctuates quickly, the pullback will also be rapid. Understanding this rule helps us better seize the timing of buying and selling, ensuring we secure profits at the right time.

7. Timely stop-loss, don’t hold on: Once you enter at the wrong point and misjudge the direction, don’t hesitate, stop-loss immediately! Stop-loss seems to mean losing money, but in fact, it protects your capital. With capital preserved, you have the ability to continue fighting in the market; holding on will only increase your losses.

8. Skillfully using the 15-minute candlestick chart: For friends trading short-term, you must look at the 15-minute candlestick chart, and combined with the KDJ indicator, it can help you find the entry timing more accurately.

9. Mindset determines success or failure: The techniques and methods for trading cryptocurrencies are diverse, but the most important factor is still the mindset. The cryptocurrency market has significant ups and downs, sometimes making you rich, and at other times leading to total loss. Therefore, you must adjust your mindset and never be too greedy; otherwise, it is easy to be swayed by market emotions and make incorrect decisions.

Trading is a long-term process; there's no need to be overly stressed about the result of a single trade. Sometimes accepting small losses is very healthy, as it can prevent larger losses. It's like a mild cold being beneficial and harmless to a person's overall health.

Without a mature trading system, it's like sailing without a compass, blindly navigating; chaotic trading cannot achieve stable profits.

$SOL $BTC $BNB

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