My mentor learned how to trade in the cryptocurrency world over 8 years and has great insights!
The practical insights my mentor has gathered over 8 years in the cryptocurrency world are not something an average person could write; every sentence is a truth, every paragraph resonates deeply.
1. Choose altcoins during a bull market, and buy Bitcoin during a bear market; this is my unique secret!
2. Pay close attention to Bitcoin with increasing volume at the bottom; this is a signal for a breakout, don't miss it!
3. When Bitcoin in an upward trend retraces to important moving averages, it's a great time to buy; remember to seize the opportunity!
4. Don't trade frequently; making the right calls a few times a year is enough, as greed can lead to heavy losses!
5. Always control your position size; never go all in, leave some room for yourself to adapt to market changes!
6. Don't average down on losing junk coins; cutting losses in time is the wise choice, don't let yourself fall deeper!
7. News can only serve as a reference; don’t blindly follow trends, or you’ll face the consequences!
8. Do not touch unfamiliar cryptocurrencies; focus on fields you know well, this way you can operate steadily!
9. Don't be swayed by market emotions; stay calm and rational, only then can you make correct decisions!
10. If altcoins have risen too much, they will definitely fall; if they have fallen too much, they may not necessarily rise; choice is important, keep your eyes open!
11. When most people are optimistic, it is often when risks arise; remember this, don’t let yourself be the one left holding the bag!
12. Learn to stay in cash, wait for clear market signals before entering, this can help avoid unnecessary losses!
13. Don’t follow hot trends; they often come and go quickly, don’t let yourself get trapped!
14. Have your own trading system and stick to it strictly, only then can you maintain stable returns!
15. Investing is a long-distance race; maintaining a good mindset can ensure you finish strong, don’t let yourself give up halfway!
16. Investing doesn’t always guarantee profits, but it’s likely to incur losses, so try to invest with spare funds; this way your investment mindset will be better, and your chances of winning will increase. Remember this, don’t let yourself fall into trouble due to investing!
Sincerely wishing everyone can achieve the results they desire in the cryptocurrency world! Thank you!
