Is short-term trading speculation?

First of all, it must be said that short-term trading is not speculation. Real short-term trading is an investment behavior that requires mastering certain market operation rules and requires very strong skills.

Short-term trading actually tests a person's skills and patience.

Those who are proficient in short-term trading must have looked at many candlestick charts, studied their trends, and summarized general patterns.

The rules mentioned here can only be a concept from a probabilistic perspective; there can be no completely accurate judgment, as the entire market unfolds across emotions, information, and other dimensions, with emotions being the most difficult to predict. Therefore, we can only attempt to make rough judgments.

How to do it specifically?

We need to learn to summarize historical trades, to summarize what conditions appeared in historical trades and what patterns followed.

In this process, the role of candlestick charts is undeniable; besides reflecting short, medium, and long-term fluctuations, the most macro aspect is,

These altcoin candlesticks have been declining since the beginning, basically showing no fluctuations, sliding down like a slide, giving no opportunity for retail investors to escape.

From their candlestick charts, it can be seen that the market is no longer in the hands of the big players; all the market has concentrated in the hands of retail investors, so no one is driving the price up, and it has basically become a legacy.

Many retail investors have turned their short-term trades into medium-term, medium-term into long-term, and long-term into legacies.

As new retail investors entering the cryptocurrency market, we need to pay attention to a few points:

1. Ensure the probability of success first, then consider the frequency of trading; prioritize quality over quantity.

In the process of short-term trading, it should be done step by step, with the principle being to avoid significant losses.

2. Be content when making money and remain rational when losing.

Trading cryptocurrencies is essentially an art of regret; we cannot set our expectations too high.

3. Practice leads to true knowledge. If there are experts to guide you, consult them, and you will progress faster.

If we can achieve the above three points, then at least as investors, we will not lose our way in the cryptocurrency market!