Eight years of trading my own cryptocurrency, I've summarized 16 key experiences!
1. Choose altcoins in a bull market, buy BTC in a bear market; this is my unique secret!
2. Pay close attention to coins with high volume at the bottom; this is a signal for a breakout, don’t miss it!
3. For coins in an upward trend, when they pull back to significant moving averages, it's the best time to buy; remember to seize the opportunity!
4. Avoid frequent trading; making a few correct big trades in a year is enough; greed can lead to significant losses!
5. Always manage your position well; never go all-in, leave some room for yourself to adapt to market changes!
6. Don’t average down on losing junk coins; cutting losses in time is wise, don’t let yourself get deeper in trouble!
7. News can only serve as a reference; don’t blindly follow the crowd, or you'll bear the consequences!
8. Never touch unfamiliar coins; focus on the sectors you know well to ensure a steady win!
9. Don’t be swayed by market emotions; remain calm and rational to make the right decisions!
10. When altcoins have risen too much, they will definitely fall; when they fall too much, they may not necessarily rise; choosing is crucial, keep your eyes sharp!
11. When most people are optimistic, it’s often when risks arise; remember this, don’t become the last buyer!
12. Learn to stay in cash, wait for clear market signals before entering to avoid unnecessary losses!
13. Don’t follow the hype; trends often come and go quickly, don’t let yourself get stuck!
14. Have your own trading system and strictly adhere to it, this will help maintain stable returns!
15. Investing is a long-distance race; maintaining a good mindset will help you succeed in the end, don’t give up halfway!
16. Investing doesn’t guarantee profits; the odds are more likely to incur losses, so invest with spare money; with spare money, your mindset will be better, and the chances of winning will increase. Remember this, don’t let yourself fall into difficulties because of investing!
