A day in the crypto world is like ten years in the human world.
I have been in the crypto space for nearly 9 years, from initially losing everything to now making a living from it.
I have summarized 10 practical experiences to share with those still exploring.
Just remember, it's hard to lose money!
1️⃣ When the market crashes, and it doesn't drop? It means the big players are protecting it, hold on tight, there must be big profits ahead!
2️⃣ Newbies should not get confused by charts. For short-term trading, look at the 15-minute and daily charts. If it breaks support, get out, don’t blindly trust complex indicators.
3️⃣ If you don’t see any movement in 3 days for short-term trading? Change the coin decisively, cut losses immediately if down over 5%!
4️⃣ If a coin falls for 9 consecutive days and loses half its value, it may have fallen too deep, a rebound is near, don’t be afraid.
5️⃣ Only chase the leaders! Those that rise quickly and are resilient to declines, don’t be afraid of high prices, just be afraid of missing out.
6️⃣ Don’t fantasize about bottom fishing; falling is like jumping off a building, the more you try to catch the bottom, the more trapped you’ll be. The trend is the truth!
7️⃣ Making a profit once doesn’t mean you can make money consistently. Analyze each profit, was it luck or skill?
8️⃣ If you’re not confident, stay in cash! Being in cash is not shameful, reckless trading is deadly. Making money relies on rhythm, not on passion.
9️⃣ Don’t blindly chase new coins that are skyrocketing. Once sentiment shifts, those without fundamental support will collapse.
🔟 The crypto space = the power of consensus! True value is when a group of people work together to achieve something.
One last sentence for you:
Market trends are not based on gambling, but on understanding, rhythm, and execution.
A decade in the crypto world is but a dream; don’t be a dreamer, be a clear-headed trader!
