For those who have been trading cryptocurrencies for years without success, listen to my advice: these 10 painful lessons can save your life. I've seen too many people only understand these truths after paying their tuition...
1. If your capital is small, don't operate recklessly! Understanding one major trend a year is already an expert. Remember to always keep 30% of your capital; only during a crash will you know who is swimming naked.
2. Only earn money within your understanding! Don't be jealous when you see others getting rich off Dogecoin; you will never earn money beyond your understanding. The mindset between a simulation account and a real account is like 100 Bitcoin apart.
3. Good news turning into bad news! If you don't sell on the day the news comes out, the next day's high opening is your last chance to escape. The big players are just waiting for retail investors to take over; don't be the last fool.
4. You must reduce your holdings before holidays! When liquidity dries up during holidays, the market manipulators love to set traps. Do you want to enjoy your holiday in peace or lose sleep staring at the market?
5. Mid to long-term strategy should be as natural as breathing! Accumulate in batches during downtrends and take profits in batches during uptrends. This way, you can smile while watching others chase highs and sell lows.
6. For short-term trading, only play with hot coins! Don't touch trash coins with a daily trading volume below 100 million; if you buy in, not even a dog will take them off your hands.
7. Remember this iron rule: coins that are slowly declining will eventually rise back, while coins that crash suddenly will rebound violently. But bottom-fishing must be done quickly, accurately, and decisively; don’t linger in the battle.
8. Cutting losses should be as decisive as breaking up! Admit when you're wrong; don't fall in love with your positions. As long as you keep your capital, you don’t have to worry about not having fuel to burn.
9. For short-term trading, just focus on the 15-minute chart! When KDJ hits above 80, prepare to run; when it drops below 20, prepare to buy. Use MACD to check for divergence; the simpler the indicators, the more effective they are.
10. Master one technique to perfection! Either become proficient in KDJ for short-term trades or fully understand MACD for trend trading. Those who try to learn too many skills end up suffering the most.
In the end, trading cryptocurrencies is not about technique but about human nature. Overcoming the demons of greed and fear means you become the winner. Remember, as long as you're alive, you have the right to talk about profits. If you want to share in the profits of the crypto world and learn more ways to make money, please follow me for more articles.