After several years of navigating the cryptocurrency world, experiencing countless ups and downs, I have summarized my insights from these years into eight maxims.

1. Skillfully use the morning market: In the morning, the sentiment in the cryptocurrency market is the purest. If the price plummets significantly, don’t panic; it might be a good opportunity to buy at a low price. If the price is soaring high in the morning, don’t be greedy; take the chance to sell and lock in profits.

2. Master the afternoon strategy: If there is a sudden surge in the afternoon, don’t get carried away and chase after it; most of the time, it’s just a bubble, and buying at high prices can lead to losses. Conversely, if there’s a major drop in the afternoon, remain calm and observe for a while. Wait until the next day to find the right low point to enter, which often allows you to acquire cheap tokens.

3. Maintain a calm mindset during declines: If you wake up in the morning to see a significant drop in prices, don’t rush to cut losses. The market changes rapidly, and morning fluctuations are often just a distraction. If the market is stagnant with no movement, don’t be anxious; take a break, conserve your energy, and wait for opportunities.

4. Strictly adhere to buy-sell principles: If the tokens in your hand haven’t reached your expected high price, don’t sell them easily; earning less is still a loss. If the price hasn’t dropped to your psychological level, restrain yourself from buying impulsively to avoid catching a falling knife. During sideways markets, with chaotic trends and unclear directions, trading is undoubtedly like a blind person touching an elephant; it’s better to observe from the sidelines.

5. Operate based on candlestick patterns: Buy on bearish candles, sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction, making tokens cheaper, which is a good time to buy; a bullish candle signals a short-term upward trend, so sell at a profit.

6. Break through with contrarian thinking: To stand out in the cryptocurrency world, sometimes you have to do the opposite of what others do. When everyone is frantically chasing, be a bit more rational; when people are panic selling, be bolder and dare to take contrarian actions to find niche opportunities for profit outside the mainstream trends.

7. Endure the grind of consolidation: When prices are consolidating at high or low levels for a long time, it can be torturous. Don’t let anxiety drive you to act impulsively; be patient and wait until the trend becomes clear, whether it’s an upward push or a downward probe, before you strike with full force.

8. Seize the tail end of a surge: After a prolonged period of horizontal trading at high levels, once there is a renewed upward push, don’t hesitate; this is likely the final frenzy. Sell in time to secure your profits; otherwise, they can slip away in an instant, and the cooked duck will fly away.