What should you pay attention to in the cryptocurrency world?
1. Better to miss out than to make a mistake
There are no good coins, only good entry points! Because the entry point directly determines the exit point and how much profit you make. Some tokens may show strong upward momentum, but if there is no entry point, you can only miss out or participate with a small position.
2. Always leave yourself an exit
No matter when, you should have a short to medium to long-term position strategy, and even with 200% confidence, do not go in with 100% of your position. This is equivalent to leaving yourself a way out!
3. Earn what you are supposed to earn
Take only a sip from the vast ocean, wanting to eat from start to finish with every coin, aiming to capture every upward movement while avoiding every downward movement. After years of experience, you may end up with nothing.
4. The more you lose in trading, the more cautious you should be when averaging down
The process of falling cannot be reversed in one or two days; averaging down is just self-comfort. The more anxious you are, the more likely you are to make mistakes.
5. Strictly adhere to your trading discipline
Many traders will make detailed plans before trading, such as when to enter if the market drops to a certain level or at what price a particular coin should be bought. However, during trading, it is easy to be influenced by stimulation and temptation. If you can't even stick to your own plan, you are not playing in the cryptocurrency world but in a casino. Most operations at the moment of trading are likely to be wrong.
6. Only participate in the irreversible upward trend of the market.
The market is the truth; it cannot be questioned or challenged. Trends are irreversible. As an investor, you should dare to admit mistakes, correct them at any time, refuse uncertain market conditions, and engage in those trends that even the market makers must follow. You must understand the importance of following the trend.
7. If you are in profit, withdraw your earnings on time.
Without withdrawal, everything is just numbers. Investors in the cryptocurrency world are like gamblers who have not left the casino; even if you temporarily make a lot of money, you still cannot be considered a winner. Only when you withdraw cash from the market can you say you have come out on top. In the cryptocurrency world, withdrawing on time is a good habit.
If your trading is not going well and you feel confused, remember two things:
First, be decisive and take action; just like with the recent SUI.
Second, stay online and respond promptly to incoming information!
Continuously building up
