In the cryptocurrency circle, if you are a retail investor or a beginner, make sure to bookmark and repeatedly review the following insights.
This is my summary after seeing too many people lose money. It's not toxic positivity; it's hard-earned experience:
Take profit and don't be greedy.
Whether it's spot trading or contracts, remember this: Money can never be earned endlessly, but it can be lost completely. Those with too much ambition will ultimately lose it all.
Be highly aware of scams.
Do not trade on unknown exchanges, do not trust unfamiliar 'teachers,' and do not join inexplicable groups. There are too many scams in the circle; be sure to inquire clearly before participating.
This is a game that requires insight and endurance.
99% of 'news' has little value; those who can make money and know when to stop are the winners. Do not fantasize about eating the whole meal from start to finish; the market only leaves profits for the most patient.
Learn to think from others' perspectives and understand the logic of the big players.
When the big players have accumulated enough, they will withdraw their investment to exchange for coins. If they haven't reached their target, they will continue to raise prices to cut others. Retail investors should learn to follow the trend and not go against the main force; it's futile.
Don't trade on weekends; the market is likely to be stagnant.
Many times, there is little market movement on Saturdays and Sundays, with inactive funds making it hard to enter or exit, leading to losses from 'chasing excitement.'
New coins are just tools for harvesting inexperienced investors.
Do not fantasize that the big players will help you make money. New coins are listed to create hype and provide an exit window for them. The soaring prices you see are traps created by others' chips.
Learn to review your trades to advance.
Those who do not summarize will always be stuck in place. For every trade and every decision, you should ask yourself: Was this right? What could I have done better?
In the cryptocurrency circle, tears are not believed; what matters is understanding and execution.
If you truly want to turn things around, come to me, and I will teach you.
