Nine Key Trading Insights in the Crypto World (Summary by a Seven-Year Veteran!)
Morning Market Trends
The morning opening is the most genuine; a sharp drop may signal a bottom, while a surge should prompt you to take profits. It's like the early market; the first pot of soy milk knows the quality of the beans.
Don't Get Overexcited in the Afternoon
A sudden surge in the afternoon is often a trap; chasing highs can lead to standing at the peak. If there’s a plunge, don’t panic; you can pick up bargains at tomorrow's low. Remember: a sharp drop in the morning has buyers, while a sharp rise in the afternoon should lead to selling off.
Play Dead During a Crash
If there's a sharp drop at the opening, don’t rush to cut losses; market sentiment can change like a child's face. Brew a cup of tea and wait; maybe it will rebound in the afternoon.
Follow the Rules for Buying and Selling
If you haven’t reached your target price, hold on; if you haven’t hit your mental price, do nothing. Stay calm during sideways markets and don’t fidget. Don’t be like a novice making random trades; the transaction fees are enough to buy pork.
Buy Low and Sell High
If the K-line closes lower, buy on the dip; if it turns red, sell quickly. Don’t be greedy; take your profits in the middle; the head and tail of the fish have too many bones.
Make Money by Going Against the Flow
When others are going crazy, I retreat; when others are panicking, I buy at the bottom. It’s like snatching cabbage at the market; when the old ladies rush in, it’s time for you to pack up.
Practice Patience During Sideways Markets
The most annoying is a prolonged sideways market; this is where patience is tested. Wait for clear direction before taking action; don’t fight against the market.
Run When Prices Surge
If prices are high and then consolidate before another surge, it’s likely a trap. Quickly hold your wallet tight; don’t be the last one to catch the falling knife.
In the crypto world, surviving is more important than how much you earn. Remember the three-word mantra: Steady as a dog, precise as a sniper, fierce as a wolf!
