Insights from the Cryptocurrency World
When investing in cryptocurrencies, always remember: don't be too greedy. If your capital isn't much, say around 100,000 to 80,000, be satisfied with making a small profit each day by seizing obvious price fluctuations. Many people keep staring at the market all day long, only to end up earning nothing while exhausting themselves; we're not robots, we need to rest when necessary.
When encountering super positive news, don't act impulsively. If you don't manage to sell on the same day and the price opens higher the next day, decisively sell everything. In the crypto world, once positive news is released, it might immediately start to drop, so don't wait for the market to reverse and regret not acting sooner.
Before holidays or policy adjustments, it's wise to sell off some assets in advance. If you're unsure, it’s better to sell everything and go into cash; there's no shame in being out of the market, and you can re-enter at a lower price once the frenzy has passed.
If you plan to make medium to long-term investments, never invest all your money at once; keep some capital in reserve in case prices drop so you can average down. Those who put all their money on the line might lose everything with just a slight market fluctuation, and that's a harsh reality.
For short-term trading, you need to be quick; when the market is good and you can make money, seize the opportunity. If the market goes quiet, pull back; don’t always think about buying at the lowest price and selling at the highest; we don’t have that capability.
The cryptocurrency market behaves like a spring; it rises slowly and won't fall quickly. However, if there’s a sudden spike, there’s a high probability it will drop just as fast—this is a lesson learned after spending hundreds of thousands.
If you realize you've misjudged the market, don't hold on stubbornly; cut your losses quickly. As long as your capital is intact, opportunities will always be there; this market is never short of opportunities.
For short-term trading, don't rely on daily or weekly charts; look at 15-minute candlestick charts, combined with the KDJ indicator, which is particularly useful. Acting when you see a golden cross or death cross is much better than random trading.
Lastly, mindset is truly crucial. Techniques can be learned, experience can be accumulated over time, but part of the mindset is innate. Many technically skilled individuals panic at the slightest market fluctuation; in the end, those with a good mindset tend to earn more.