Vanita Isackson
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I am 37 years old this year, I started trading cryptocurrencies at 28, and by 2025 my crypto trading will reach eight figures. My current lifestyle requires me to stay in high-end hotels around 3000 yuan, and my suitcase and hat may have cryptocurrency symbols on them! I have hardly experienced any business disputes, and I have few worries.
I have the patience to summarize my insights; the most important aspect of trading cryptocurrencies is having a good mindset, while technical skills are secondary.
1. When the market crashes, if your coin only slightly declines, it indicates that there are market makers protecting the price and preventing it from dropping further. Such coins can be held with confidence, and there will surely be gains in the future. #Solana质押型ETF
2. For beginners trading coins, there is a simple and direct method: for short-term trades, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it. If it falls below, sell it; for medium-term trades, look at the 20-day moving average; if the coin price is above the 20-day line, hold it, and if it drops below, exit. The best method is the one that suits you, and the key is to stick to it. #BTC
3. If the main upward wave of the coin price has formed and there is no obvious increase in volume, then buy decisively. Continue to hold when the price rises with volume; if it declines with reduced volume but the trend hasn't broken, also hold; if it declines with increased volume and breaks the trend, quickly reduce your position.
4. After buying short-term, if the coin price hasn't moved within three days, sell if you can. If the price drops after buying and losses reach 5%, cut losses unconditionally.
5. If a coin has dropped 50% from its high and has fallen for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound may happen at any time, so consider following up.
6. When trading cryptocurrencies, choose leading coins because they rise the most during bull markets and are the most resilient during declines. Don’t buy just because the price has dropped significantly, and don’t avoid buying just because it has risen significantly. Trading leading coins, the most important thing is to buy at high levels and sell at even higher levels.
7. Trade in accordance with the trend; a lower buying price is not always better, but a more suitable price is. Don’t easily call the bottom during a decline, and let go of poorly performing coins. The trend is the most important.
8. Don’t be impulsive due to temporary profits; know that consistently making profits is the hardest. Review your trades seriously to see if your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained profits.
9. Being in cash is also a strategy; learning to be in cash is important. In trading, the first consideration should be capital preservation, not profit. Trading is not about frequency, but about success rate.
I have the patience to summarize my insights; the most important aspect of trading cryptocurrencies is having a good mindset, while technical skills are secondary.
1. When the market crashes, if your coin only slightly declines, it indicates that there are market makers protecting the price and preventing it from dropping further. Such coins can be held with confidence, and there will surely be gains in the future. #Solana质押型ETF
2. For beginners trading coins, there is a simple and direct method: for short-term trades, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it. If it falls below, sell it; for medium-term trades, look at the 20-day moving average; if the coin price is above the 20-day line, hold it, and if it drops below, exit. The best method is the one that suits you, and the key is to stick to it. #BTC
3. If the main upward wave of the coin price has formed and there is no obvious increase in volume, then buy decisively. Continue to hold when the price rises with volume; if it declines with reduced volume but the trend hasn't broken, also hold; if it declines with increased volume and breaks the trend, quickly reduce your position.
4. After buying short-term, if the coin price hasn't moved within three days, sell if you can. If the price drops after buying and losses reach 5%, cut losses unconditionally.
5. If a coin has dropped 50% from its high and has fallen for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound may happen at any time, so consider following up.
6. When trading cryptocurrencies, choose leading coins because they rise the most during bull markets and are the most resilient during declines. Don’t buy just because the price has dropped significantly, and don’t avoid buying just because it has risen significantly. Trading leading coins, the most important thing is to buy at high levels and sell at even higher levels.
7. Trade in accordance with the trend; a lower buying price is not always better, but a more suitable price is. Don’t easily call the bottom during a decline, and let go of poorly performing coins. The trend is the most important.
8. Don’t be impulsive due to temporary profits; know that consistently making profits is the hardest. Review your trades seriously to see if your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained profits.
9. Being in cash is also a strategy; learning to be in cash is important. In trading, the first consideration should be capital preservation, not profit. Trading is not about frequency, but about success rate.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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