8 years of trading my own coins, here are 16 tips I've summarized!
1. Choose altcoins during bull markets and buy BTC during bear markets; this is my secret recipe!
2. Coins that show volume at the bottom must be closely monitored, as this is a signal to start; don't miss it!
3. Coins in an upward trend that pull back to important moving averages are the best buying opportunities; remember to seize the chance!
4. Don't trade frequently; making a few correct decisions on major trends in a year is enough. Greed can lead to big losses!
5. Always control your position; never go all in, leave yourself some room to handle market changes!
6. Don't average down on losing garbage coins; timely loss cutting is the wise choice, don't let yourself sink deeper!
7. News can only serve as a reference; don't blindly follow trends or gamble, otherwise you'll face the consequences!
8. Never touch unfamiliar coins; focus on the fields you are familiar with to ensure a winning strategy!
9. Don't be swayed by market emotions; stay calm and rational to make the right decisions!
10. When altcoins rise a lot, they will definitely fall; when they fall a lot, they may not necessarily rise. Choice is crucial; keep your eyes wide open!
11. When most people are optimistic, it is often when risks arise; remember this, and don't become the one left holding the bag!
12. Learn to stay in cash and wait for clear market signals before entering; this way, you can avoid unnecessary losses!
13. Don't follow the hype; trends often come quickly and disappear just as fast, don't let yourself get stuck!
14. Have your own trading system and strictly adhere to it, this way you can maintain stable returns!
15. Investing is a marathon; maintain a good mindset to succeed in the end, don't give up halfway!
16. Investing doesn't necessarily mean making money; there's a high probability of losing money, so try to invest idle funds. Using idle money fosters a good investment mindset, increasing the chances of winning. Remember this, don't let yourself fall into trouble because of investing!
