Do you feel like a headless fly in the cryptocurrency world?
Whatever you buy drops, whatever you sell rises. You trade like a tiger, but when you check your account, it's a disaster.
After all the hassle, your capital keeps dwindling, and you've paid a ton in fees, leaving you feeling defeated!
Don't panic. Today I'll share some real insights, all hard-earned lessons from veterans like me, which will definitely save you from taking the wrong path.
Want to double your small investment?
Many people enter the crypto market like gamblers in a casino, trading hundreds of times a day, terrified of missing any money-making opportunity.
As a result, they pay more in fees than the money they earn, essentially working for the exchanges. The secret to doubling a small investment is to "wait, act decisively, and exit."
Wait: Stop making random trades all day. There are plenty of opportunities in the market. Learn to hold cash and wait for the market to clarify before taking action.
Act Decisively: When the opportunity arises, don’t hesitate!
Exit: If you've made a profit, don’t be greedy. Take your gains promptly. If you keep thinking it can rise further, hesitation might cost you your profit, or even trap you.
Good news often turns into bad news. Whenever major news breaks, such as favorable policies, influential figures making calls, or new concepts gaining traction, the market usually surges on the first day and opens high the next day.
This is the best time to exit. Don’t be greedy; don’t think it can rise further. The big players have already planned their exit. If you hesitate, you might face a significant loss.
It's best to keep your position size at no more than 20% of your total capital. If you make a profit, exit; don’t be greedy; if you incur losses, don’t hold on stubbornly. Cut your losses if you need to.
For long-term investments, only use money you can afford to lose; avoid going all-in at the drop of a hat. Long-term investment requires patience and vision, not just the courage to gamble.
Those who only think about getting rich quickly often end up as fodder. The crypto market is full of temptations but also tests human nature the most.
Surviving longer makes you the winner. When the bull market comes, if you still have your capital, you can turn things around.
Stop only thinking about getting rich; first, learn how to survive in the crypto world!
Are you stuck? When to buy the dip? As always, if you're confused and don’t know what to do, click on my avatar and follow me. I need followers; you need guidance. Guessing is not as good as following!
Daily focus: $SUI , PEPE, PNUT
