I am 32 years old this year. By 2024-2025, my assets will reach 8 digits. I have hardly ever dealt with troublesome business matters. I have the patience to summarize my insights; the most important point in trading is to maintain a good mindset, while technical skills are secondary.
1. In most cases, Bitcoin leads the market's ups and downs. Strong coins like Ethereum can sometimes move independently of Bitcoin's influence, but altcoins generally cannot escape its impact.
2. Bitcoin and USDT have an inverse relationship; if you notice USDT rising, be alert for a drop in Bitcoin. When Bitcoin rises, it’s a suitable time to buy USDT.
3. Between 12 AM and 1 AM, there is a tendency for price spikes, so domestic traders can try to set a low buy price for their desired coin and a high sell price before going to bed; you might just make a transaction while resting.
4. Every morning from 6 to 8 AM is a good time to decide whether to buy or sell, as well as to judge the day's price movements. If the price has dropped continuously from 12 AM to 6 AM, and continues to drop during that time, it’s a buying or averaging down opportunity; chances are the price will rise that day. If the price has risen continuously from 12 AM to 6 AM, and continues to rise during that time, it’s a selling opportunity; the price is likely to drop that day.
5. 5 PM is an important time to watch; due to time zone differences, American traders are waking up and getting to work, which may cause fluctuations in coin prices. Significant price increases or decreases have occurred at this time, so be particularly attentive.
6. There is a saying in the crypto world about 'Black Friday.' There have been a few occasions where significant drops happened on Fridays, but there have also been cases of large rises or sideways movement. It’s not particularly reliable; just pay a little attention to the news.
7. If a coin with a certain trading volume drops, don't worry; holding patiently will definitely lead to breaking even. It might take 3-4 days for a short term, or up to a month for a longer term. If you have extra USDT, consider averaging down to pull the price down, which will help you break even faster. If you don't have extra money, just wait; it won't disappoint you. Unless you really bought I coins.
8. Holding the same coin for long-term investment has greater returns than frequent trading, it just depends on whether you have the patience to hold.
In the past half month, I made a profit of 130,000 USD, let's talk about some insights.
1. This kind of volatile market is actually the most profitable.
2. In the initial phase of funding, dare to strive for high leverage to accumulate capital.
3. After breaking a million, you need to start learning to close positions, set daily targets.
4. Learn to read charts and data.
5. Have your own trading system.
I bought Dogecoin at 0.1 and have held it until now, with over 20 times the return 💡 The future wealth code is often hidden in the gaps of understanding—trends come first, layout comes second.