After 6 years of trading cryptocurrencies, I have summarized 16 valuable experiences, the 5th is the most critical!
Don't be fooled by the current market boom; the ability to earn steadily relies not on luck, but on methods and discipline.
Over these 6 years, I've experienced massive gains and massive losses, educated by the market countless times, and finally summarized these 16 hard-earned lessons:
1. Trade altcoins in a bull market, hold Bitcoin in a bear market
Chase altcoins when the market is good, hold BTC when the market is bad, don’t get it reversed.
2. Watch for volume at the bottom
Increased volume = institutional entry, missing it will lead to regret.
3. Buy the dip when trend coins retrace to moving averages
Not all pullbacks are traps; some are opportunities.
4. Making profits a few times a year is enough
Don’t trade every day; there are only a few major movements in a year.
5. Position control is the first discipline
Never go all-in; keeping some capital allows you to survive longer.
6. Don't average down on coins that are crashing
Don’t fantasize about them coming back; cutting losses is the most realistic approach.
7. Just keep an eye on the news
By the time the news comes out and you react, it’s already too late.
8. Don't touch what you don't understand
Don’t chase every hot trend; only play with what you are familiar with.
9. Don’t let emotions control your actions
Price fluctuations are unrelated to emotions; rationality is the most valuable.
10. Altcoins that rise a lot will fall, and those that fall a lot don’t necessarily rise
Don’t bottom fish those that look “cheap” and are actually traps.
11. Be cautious when the whole network is bullish
Where there are many people, the risks are high.
12. If you don’t understand, stay in cash
If uncertain, don’t act; staying in cash is also a strategy.
13. Trends come quickly and leave even faster
Chasing in means getting stuck; don’t envy others.
14. No trading system = blind gambling
You need rules and must execute them.
15. Investing is a marathon
It’s about rhythm, not a one-time windfall.
16. Use spare money for trading to last longer
Don’t borrow money to trade, don’t gamble your wealth, to avoid emotional explosions.
These 16 points are not theories; they are lessons I've learned by spending money.
Stay calm when the market is hot, and don’t act recklessly when it cools down.
If you can see this, I recommend liking, saving, or sharing it; sooner or later, you will find it useful.
