You must be patient. Investors who are good at short-term trading are generally calm and composed, facing the market without rush or impatience, waiting for opportunities. When the opportunity arises, they enter the market steadily.
The market is a battlefield without smoke, and there are not many entry and exit opportunities. Only 30% of market movements present real opportunities, while 70% are in consolidation. During the 70% consolidation period, investors need to wait. Of course, this 'waiting' must be coupled with technical means to identify 'opportunities'. Once the market meets the entry conditions, one should act swiftly, achieving a decisive strike when the opportunity arises.
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Do not be overly confident. Many investors may have achieved some success in other industries and believe they can succeed in the cryptocurrency space as well. Confidence is good, but do not be overly confident. Confidence in trading comes from skill; only with skill can one have genuine confidence.
Being overly confident in the market will come at a cost, and the market will punish you to some extent.
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Follow trading rules. Just as driving requires adherence to traffic rules to avoid accidents, trading must also adhere to the respective trading rules. Although violating trading rules may not be fatal, it can lead to lost trading confidence and financial losses. Trading should not be impulsive; one must understand when it is appropriate to trade and when it is not.
Only trade in markets you understand; being too casual in trading will come at a cost. Therefore, investors must strictly adhere to their trading plans and rules throughout the trading process.