After so many years in the crypto world, I've summarized 10 invaluable lessons, each one heart-wrenching but practical! If you find them useful, remember them well ——
1. Don't chase highs! Even if it skyrockets, act like it doesn't exist.
See a coin soaring and want to jump in? Hold on! Chasing highs means handing your money to someone else; no matter how much it rises, don't be envious. Treat that coin as 'invisible' in your account, just waiting for the real buying opportunity to appear.
2. Only recognize buying points! Good coins and bad coins depend on timing.
In the crypto world, there are only two types of coins: those at buying points (buy with closed eyes) and those not at buying points (all garbage). Especially coins at major buying points (long-term trends with good buying opportunities); if you hold them steady, they will become 'blue-chip stocks' in the future.
3. If your mindset collapses, no matter how good your technique is, it's useless.
Do you know it's not a buying point but can't help but jump in? That's a mindset issue! Impatience is a major taboo in crypto trading; work on your mindset before discussing technique; otherwise, you'll waste your efforts no matter what you learn.
4. Don't fall in love with coins; only look at buying and selling signals.
Don't get attached to any coin! If it rises, you hesitate to sell; if it falls, you stubbornly hold on. This is a big taboo! Only recognize the signals given by the market (buy when it’s time to buy, sell when it's time to sell). For those with good techniques, operate on a 30-minute chart; it's never too late.
5. If you lose money, don't shift the blame; only blame yourself for not doing well.
The market is never wrong; the mistake is yours! Summarize immediately after each mistake: Did you buy too early? Sell too late? Or did your mindset collapse? Don't make excuses; just improve yourself.
6. Want to get rich overnight? First, manage your greed.
Hurrying to make money = handing your head to others! Wanting to earn more when it rises, fearing more losses when it falls; being led by greed will eventually lead to losses. When holding coins, don’t be controlled by 'bullish thinking', and when in cash, don’t be influenced by 'bearish emotions'; be your own master.
7. Trading cryptocurrencies earns you a long-term meal; don’t think you can get rich overnight.
Don't focus on how much you can earn in one go; look at whether you can earn consistently! Think through various scenarios before buying; be steady in holding and decisive in selling. Gradually develop your own strategy; don’t let coins 'trade' you.
8. Be patient with your coins! Switching around can only earn small profits.
Good coins are 'nurtured'. Constantly switching coins is like picking sesame seeds while losing watermelons, ending in small gains. Identify potential coins and wait patiently; constantly flipping will never lead to big profits.
9. Follow the market rhythm; don’t let emotions lead you astray.
The market is like dancing; you need to step to the right rhythm to stay steady. Don’t get overly excited when it rises, and don’t panic sell when it falls. Put aside greed and fear; listen to the market signals (buy when it’s time to buy, sell when it’s time to sell), and no one can trick you.
10. Compound interest is king! Mindset + technique = snowball effect.
Don’t underestimate earning a little every day; compounding can turn small amounts into huge sums! As long as your mindset is stable and your technique is solid, slowly accumulate, and time will help you make money. This is the ultimate secret to surviving in the crypto world.
Final reminder: The crypto world is very deep. If you can't remember these 10 rules, take a screenshot and save it on your phone. When you lose money, take it out and look at it; it’s more useful than anything else!#我的COS交易 #非农就业数据来袭 #​​Metaplanet拟筹资增持比特币​ #特朗普马斯克分歧 #加密市场回调