Remember these 9 hard-earned lessons, all paid for with real money by seasoned investors!
1. Play with spare cash
It's fine to play with the leftover money from grocery shopping, but never take out loans to gamble. I've seen too many people mortgage their homes and cars, only to end up on the rooftop in a queue—there are plenty of gamblers in the crypto world, but what's lacking are those who can survive.
2. Choose coins like choosing a partner
Don't rush in just because you see a coin wearing a "web3.0" label. Study the white paper thoroughly and see if the team is genuinely working. Remember, you're looking for coins that can help you live day-to-day, not flashy coins for nightlife.
3. Buy in batches on dips, not on rises
Don't go all in during a crash; instead, average down in three rounds. It's like eating hotpot; you should dip the meat slice by slice, otherwise, it will all turn mushy if you dump it in at once. Keep some bullets; the big players love to hunt down the overzealous gamblers.
4. Don't put all your eggs in one basket
BTC is the staple, ETH is the main course, and small coins are the seasoning. If one day a coin goes to zero, just think of it as a spilled seasoning bottle; at least you'll still have the staple to fill you up.
5. News is more important than K-lines
Suddenly getting a news alert at 3 AM? Open your eyes immediately! A day in the crypto world is like a year in the real world; by the time you wake up, you might have missed billions. Following 10 reliable Twitter influencers is more useful than 100 hours of technical analysis.
6. Follow the big players to prosper, oppose them to perish
Seeing a big sell order and still holding on? The big players love stubborn mules like you. If the trend is down, run quickly; after the big players finish dumping, it’s a good time to come back and pick up cheap chips.
7. Contracts are a double-edged sword
Think 20x leverage is too high? I know people who play with 100x and are already two meters tall. If you really want to trade contracts, remember: withdraw your principal immediately once you make a profit, and use the profits to keep playing.
8. Controlling your hands is more important than controlling your money
Feeling FOMO from a sudden surge? Go wash your face. If your hands are itchy, just cut them off; the most expensive tuition in the crypto world is "I think it can still go up."
9. The time to exit is more important than the time to enter
Those who can buy are novices; those who can sell are masters. Set your take-profit and stop-loss levels, and be resolute when the time comes to leave. Don't be like those old-timers who go from "financial freedom" to "carrying bricks on a construction site," only to comfort themselves with "value investment" in the end.
Remember, there is no holy grail in the crypto world; these rules can help you minimize your losses. If you make money, remember to buy me bubble tea; if you lose... well, consider it tuition, as we’ve all paid it before.
Follow Yuanbao @趋势狂人元寶
