After many years in the cryptocurrency world, I've experienced countless instances of spot trading losses and contract liquidations,

but I've ultimately realized that what truly matters is continuously refining my trading logic. Now, liquidation has completely vanished from my dictionary.

I’d like to share a few pieces of advice; I don't expect them to help you make a comeback, but they might help you save some tuition fees!

First: Averaging down is only for breakeven; don’t let temporary losses cloud your judgment. The sole purpose of averaging down is to lower your cost, not to fantasize about profits, and definitely don’t blindly bet on a rebound, as that will only make things worse.

Second: Calm markets often hide significant changes. Don’t be deceived by apparent stability; the market can change dramatically at any time. A big rise must be followed by a correction is an ironclad rule, and when K-lines form a triangle for an extended period, be cautious; large increases are typically followed by declines.

Third: Buying and selling should go against human nature. Buy on red candles, sell on green candles; when the crowd is in panic, I buy, and when the market is euphoric, I exit. Don’t sell on highs, don’t buy on dips, and observe sideways. Look for resistance in uptrends and watch for support in downtrends.

Fourth: Being fully invested is a major taboo, and holding on stubbornly is even more foolish. The cryptocurrency market changes rapidly, maintaining position flexibility is the way to survive. Knowing when to enter and exit allows you to navigate it skillfully.

Fifth: Trading cryptocurrencies is essentially a mental discipline. Greed and fear are the greatest enemies; chasing highs and cutting losses will only lead to greater losses. Only with a stable mindset can one survive in this market for the long term. #ETH突破3600 #山寨季何时到来？ #美国众议院通过三项加密货币法案 #币安HODLer空投ERA #上市公司加密储备战略