How novices in the crypto world can achieve capital accumulation
1. Less is more: Avoid frequent trading; selectively target opportunities for a more effective approach.
2. Go with the trend: Focus only on the obvious trends of the larger cycles, and don't blindly chase prices up or down.
3. Streamline your watchlist: Only keep an eye on a few familiar and active assets; quality is better than quantity.
4. Plan before you act: Use a plan to guide your trading; do less but do it right, and increase your position size when the odds are in your favor.
5. Reasonable position sizing: Only increase your position size when supported by data and experience.
6. Timely stop-loss: Recognizing mistakes isn't scary; it's procrastination that leads to significant losses.
7. Stick to compound interest: Pursue long-term stable growth; don't just think about getting rich quickly.
8. Trade like a business: Respect your capital, manage risks; only in this way can you survive in the market for a long time and ultimately win.
