Many people have been in the cryptocurrency space for several years, and in the end, they quietly exit, not because they missed the bull market, but because they fell victim to the most basic mistakes!
Over the years in the cryptocurrency space, I have accumulated roughly a million in profits, with an initial capital of 80,000, and I have been trading cryptocurrencies full-time for 10 years. During this time, I have experienced quite a few ups and downs, but the real big earnings came from two rounds of bull market opportunities. Today, I am sharing my secret methods with everyone!
I have always felt that the most foolish way to trade cryptocurrencies is often the most effective.
But this path is too slow and too tedious, and the vast majority of people cannot persist. Because they always fall into these three major “common ailments”:
⚠️ First is chasing prices and panic selling. The moment they see a coin rising, they rush in, fantasizing that it will continue to soar, but end up buying at a high point, panicking when it falls, and missing the rebound. Only those who can get used to buying during declines and selling at peaks truly enjoy the benefits of the cycle.
⚠️ Second is betting heavily on direction. The direction is correct, but after a few rounds of market manipulation by the main force, they are swept out, not because of a wrong judgment, but because they couldn't hold on.
⚠️ Third is emotional full positions. Getting overly excited and going all in, losing flexibility in adjusting positions. Even if the judgment is correct, they cannot move capital, and when opportunities arise, they can only feel anxious.
In the end, in the cryptocurrency space, it is not the market that loses, but habits.
I have summarized a set of short-term “six-character mantra,” the reasoning is simple but often overlooked:
️ High-level consolidation is not over; new highs are often still to come; low-level fluctuations are hard to stop and may easily test new lows. Do not act until the market changes.
️ Do not enter the market during sideways movement. Most people perish in the fluctuations.
️ Buy on a daily negative close, sell on a positive close. Follow market sentiment rather than subjective judgment.
️ Slow declines are hard to rebound, rapid declines are easy to reverse. Only by understanding the rhythm can one seize opportunities.
️ Build positions like a pyramid, enter the market in batches, and always leave some bullets.
️ After significant rises and falls, there must be fluctuations, and after fluctuations, there will definitely be a market change. Do not bet in extreme positions; wait for signals to act.
The market is not lacking in opportunities, but lacks those who can endure, wait, and survive. You think experts rely on luck, but in reality, they take the “foolish methods” to the extreme!