After 9 years of trading cryptocurrencies myself, I've summarized 16 key experiences!
Learned how to drive a Mercedes home this year
1. Choose altcoins during a bull market and buy BTC during a bear market; this is my secret formula!
2. Focus on coins with increased volume at the bottom; this is a signal for a breakout, don’t miss it!
3. For coins in an upward trend, when they pull back to important moving averages, that’s the best time to buy; remember to seize the opportunity!
4. Don’t trade frequently; making a few correct big trend trades a year is enough; greed can lead to significant losses!
5. Always control your position size, never go all-in, leave yourself some room to adapt to market changes!
6. Don’t average down on losing junk coins; cutting losses in time is the wise move, don’t let yourself get deeper into trouble!
7. News can only be used as a reference; don’t blindly follow trends, or you’ll bear the consequences yourself!
8. Never touch unfamiliar coins, focus on sectors you know well, that’s how you can secure your wins!
9. Don’t be swayed by market emotions; stay calm and rational, that’s how you can make the right decisions!
10. If altcoins rise too much, they will definitely fall; if they fall too much, they may not necessarily rise, choices are crucial, keep your eyes open!
11. When most people are optimistic, it’s often when the risks arise; remember this, don’t let yourself become the bag holder!
12. Learn to stay in cash and wait for clear market signals before entering; this way you can avoid unnecessary losses!
13. Don’t chase hot trends; they often come quickly and go just as fast, don’t let yourself get trapped!
14. Have your own trading system and stick to it strictly; this way you can maintain stable returns!
15. Investing is a marathon; maintaining a good mindset will help you win in the end, don’t give up halfway!
16. Investing doesn’t guarantee profits and is likely to lead to losses, so try to invest spare money; using spare money leads to a better mindset and increases your chances of winning. Remember this, don’t let yourself fall into trouble because of investing!
