Having been in the crypto space for so long, I've summarized some small experiences that I hope will help everyone.
First, don't hold onto positions; the profits you bring back will eventually be given back to the market because of 'holding'.
Second, don't try to guess the top or the bottom; the profits you guess will eventually be given back to the market because of 'guessing'.
Third, don't try to guess the top or the bottom, as you might still be halfway up the mountain.
Fourth, don't rely on news, because that is just 'guessing' the top and bottom.
Fifth, don't leave the market easily when in profit; you can reduce your position, as you might be running halfway up the mountain.
Sixth, don't get excited just because you see big bearish or bullish candles; they might be a 'performance' put on by the whales for the retail traders.
Seventh, don't think that what you see is the last wave of the market and act recklessly; as long as your capital is still there, there will always be market movements.
Eighth, don't trade frequently; it will not only make you lose sight of the big direction and increase the chance of making mistakes, but it will also increase trading costs, which is not worth it.
Ninth, don't go against the trend; if you're right, hold on tight, and if you're wrong, run quickly.
Tenth, don't buy because you think the price is low, and don't sell just because the price is high; if the trend hasn't changed, you shouldn't act rashly.
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