财经少华
--
Old investors summarize ten iron rules with tears; following them can really reduce losses.
1. No matter when, protect your principal. There is no market worth betting everything on; if you lose your principal, even the best market later will have nothing to do with you.
2. Control the amount of capital you invest; never borrow money to trade cryptocurrencies, and do not let trading affect your life.
3. If you are a short-term trader, then only look at market sentiment, not complicated indicators. The so-called themes are about telling stories; the competition is about whose story has more prospects, and who has the bigger pie to share.
4. Do not overly rely on technical indicators; all indicators have lag, and big players can manipulate them.
5. Themes need to be combined with technical analysis; both aspects should work together. No favorable rise is the biggest good news; once good news is confirmed, that is the time to sell.
6. Always diversify your investments in cryptocurrencies; the market never lacks opportunities, and being fully invested is very passive.
7. Trading cryptocurrencies is counterintuitive; when most retail investors are optimistic, it is usually the end of the market.
8. Learn to wait; a qualified trader must learn to control their hands and not trade just for the sake of trading.
9. The essence of trading is to make money; wait for your trading model's buy point to appear before trading; waiting is also part of the process.
10. The formation of trends does not happen in one or two days and cannot be changed in a day or two; you must follow the trend.
1. No matter when, protect your principal. There is no market worth betting everything on; if you lose your principal, even the best market later will have nothing to do with you.
2. Control the amount of capital you invest; never borrow money to trade cryptocurrencies, and do not let trading affect your life.
3. If you are a short-term trader, then only look at market sentiment, not complicated indicators. The so-called themes are about telling stories; the competition is about whose story has more prospects, and who has the bigger pie to share.
4. Do not overly rely on technical indicators; all indicators have lag, and big players can manipulate them.
5. Themes need to be combined with technical analysis; both aspects should work together. No favorable rise is the biggest good news; once good news is confirmed, that is the time to sell.
6. Always diversify your investments in cryptocurrencies; the market never lacks opportunities, and being fully invested is very passive.
7. Trading cryptocurrencies is counterintuitive; when most retail investors are optimistic, it is usually the end of the market.
8. Learn to wait; a qualified trader must learn to control their hands and not trade just for the sake of trading.
9. The essence of trading is to make money; wait for your trading model's buy point to appear before trading; waiting is also part of the process.
10. The formation of trends does not happen in one or two days and cannot be changed in a day or two; you must follow the trend.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.