Insights from these days in the crypto world, dedicated to newcomers 🧑‍🤝‍🧑. Don't get too attached to hot coins; when altcoins have made enough profit, it's time to switch. Trying to ride the wave from start to finish is bound to be a futile endeavor. The reasoning is simple: altcoins cannot rise indefinitely. Once the trading is done, it's time to switch; otherwise, if it falls back to the original point, all efforts will be in vain. For example, the past FIL and LUNA.

2. When prices are high and stable, prepare to sell when the opportunity arises; when prices are low and stable with new lows, there’s a high probability of a good opportunity emerging. When the coin price stabilizes at a high and then reaches a new high again, be cautious of the main forces trying to lure in buyers; don't hesitate to reduce your position or exit. Conversely, when the price stabilizes at a low and then creates new lows but quickly rebounds, it's likely the main forces are doing a final washout; stay firm in your convictions.

3. When the market environment is poor, prices may stabilize and rise against the trend, small upward movements can lead to significant gains. When the market environment is good, however, prices may stabilize but show slight downturns, and small declines may lead to major drops.

4. Only increase your position when you're making profits; do not average down on losses. This may challenge the beliefs of many veterans. Our positions should be increased when the coin price breaks through previous highs, not when it's continuously falling. Averaging down will only result in larger losses, eventually leaving you stuck. You must cut losses decisively and let profits run.

5. As long as you recognize the bottom price, there will generally be a rise of two steps forward for every step back. At this time, do not doubt; usually, great surprises follow. Especially when the price is on an upward trend, it rises while also experiencing washouts; don’t exit lightly.

6. Top-tier traders look at sectors first, second-tier traders focus on individual coins, third-tier traders look at indicators, and bottom-tier traders just gamble. This means that when we want to buy a certain coin, we should first examine the sector. Only by engaging in hot sectors can we achieve higher popularity and win rates. Then we look at the tokens; focusing solely on indicators is a beginner's approach, while those who look at everything are gamblers.