The following 14 principles must be mastered in the cryptocurrency world:
1. Don’t expect to escape risk by luck; that will only trap you deeper. Also, don’t hesitate and miss opportunities; opportunities wait for no one.
2. Long-term investment is as steady as gold, short-term trading is as flexible as silver, while swing trading is like a brilliant diamond; grasping it well can earn you more.
3. Leave some room for yourself, maintain a calm mindset, and be flexible in responding to market changes.
4. Investing is like eating fish; don’t be greedy, always leave some profit for others.
5. Frequent buying and selling can easily lead to losses, while hesitation is like chronic bleeding; both should be avoided.
6. The investment mindset is the most important; stay calm to make wise decisions.
7. Markets often emerge in despair, develop in hesitation, and end in madness; learn to enter and exit at the right time.
8. Greed will devour profits, while fear will cause you to miss opportunities; controlling emotions is the key to steady profits.
9. Opportunities often lie hidden in market downturns; have cash on hand and be ready to seize opportunities.
10. Buy with confidence, hold with patience, sell with determination, and seize the moment when it arises.
11. Don’t blindly trust indicators; they are only useful to those who understand them; they may mislead those who don’t.
12. Always set a stop-loss point to keep losses within an acceptable range.
13. When everyone is afraid, it might be the right time to buy; when everyone is crazy, consider retreating.
14. Beginners only look at price fluctuations, experienced traders pay attention to changes in trading volume, while experts can perceive market trends. Continuously improve yourself to become a winner.
