In the cryptocurrency circle, we should be good at summarizing previous mistakes, analyzing operational missteps, and observing the thoughts and techniques of those cryptocurrency experts. This way, we can start stabilizing and turning our accounts into the green. Combining short and medium-term operations is no longer blind quick in-and-out but rather planning well for the account. The combination of short and medium-term is the best compound interest!
Let me share some trading discipline and insights, hoping they are useful for everyone!
1. Absolutely do not chase high when buying coins. You must have this mindset: let it rise as much as it wants; treat it as if this coin does not exist.
2. There are only two types of coins: the coins at good buying points are all good coins; otherwise, they are garbage coins. The best-performing coins are those at large-scale buying points. Be patient and wait for the large-scale accumulation of coins to become truly high-performance.
Excellent stocks, this is the true mindset.
3. In fact, the most important thing in trading cryptocurrencies is mindset. Many people clearly know when it's not a good buying point, yet they can't resist their impulse; this is a mindset issue. If this is not resolved, any theory is useless.
4. The mindset must be stable; do not have feelings for any cryptocurrency or price point; only pay attention to market signals. One should have feelings for buying and selling points. If the technology is good and the capital is large, for example, if you can operate on a 30-minute basis, then the issue of time does not exist.
There is no such thing as being too late at any time.
5. The reasons for mistakes are always unrelated to the market. To find the reasons, you can only look at yourself. Every mistake must be summarized immediately.
6. The mentality of being eager to make money is a big taboo for us cryptocurrency traders. If you can't even control your own heart, can't control your greed and desires, you cannot succeed in the market for a long time. There are two forms of emptiness: when you hold coins, your thoughts are controlled by the bulls; conversely, you become a slave to the bears. Market sentiment accumulates and is guided by this. Those who cannot escape this state will forever remain inauthentic market participants.
7. Trading cryptocurrencies tests long-term profit ability, not the ability to explode once. The key is a long-term effective trading strategy. When buying, think through various scenarios; be decisive when holding, and even more so when selling, as this can gradually improve your performance. You are trading cryptocurrencies, not the coins trading you; start with yourself.
8. The virtual currency market will only reward those who are patient; any good cryptocurrency needs to be nurtured. Constantly switching to new coins will definitely keep you with small funds and small gains. Focus a bit; running around every day will definitely not earn you big money.
9. Dance to the rhythm of the market; as long as you follow the market's rhythm, you can gracefully navigate even on the edge of a knife. Rhythm is always the market's rhythm. A market participant without a sense of rhythm will always face torment. Let go of your greed and fear, and listen to the market's rhythm. As long as you can align with the rhythm, no one can stop you. The market has a rhythm; grasp the current rhythm, and no one can defeat you.
10. For capital players, remember that the power of compound interest is the greatest. As long as you have a good mindset and technology, compound interest is inevitable, which can overcome everything.
College students have already started to accumulate compound interest gradually. What are you hesitating about? Believe in yourself.
