Trading coins has never been an easy success. Every coin trader, from the moment they enter the crypto space, has to face countless setbacks. Some are knocked down, while others manage to stand up. The difference lies in whether one can transform the hardships of the process into nutrients for personal growth. Everyone experiences challenges, but not everyone is good at reflecting and summarizing.
My coin trading journey has also been full of ups and downs. Looking back now, I have many reflections. Today, I specifically organized the essence of my experiences to share, hoping to help many traders avoid detours.
1: The safety of the principal is the top priority. If the principal is lost, there will never be a chance for recovery. It is better to earn less and first protect the principal. Always leave room for maneuver.
2: Do not trade frequently. Making a few correct predictions about major trends in a year is enough; greed can lead to significant losses!
3: Control your emotions: 99% of people lose to human nature. Fear and greed are the biggest enemies: the more the market rises, the more people want to buy; the worse it falls, the more people want to sell. However, true experts do the opposite.
4: In a bull market, dare to make profits; in a bear market, dare to hibernate (invest regularly). In a bull market, you must be willing to sell; do not always think about making the last bit of profit. In a bear market, you must resist the urge to act; do not let market fluctuations shake you out.
5: The layout cycle is more important than short-term predictions. If you only want to do short-term trading, you will constantly be influenced by market emotions. However, if you can extend the cycle and focus on layout, you will find that market cycles are more regular than short-term fluctuations.
6: Mainstream assets are the cornerstone of long-term wealth. Bitcoin and Ethereum have already gone through multiple rounds of bull and bear markets; holding them long-term is more stable than short-term trading.
7: Investing in yourself is more important than investing in coins. The market is always changing, and past experiences may not apply to the future. Continuously learning new knowledge is essential to survive longer in the market.
8: Do not touch unfamiliar coins. Focus on the fields you are familiar with to ensure a winning strategy!
9: When most people are optimistic, it is often the time when risk approaches. Remember this and do not let yourself become the one left holding the bag!
10: Making money from trading coins is not due to luck, but because you are more patient, more knowledgeable about the market, and better at controlling your emotions than others. The real 'bottom-level wealth creation code' is not about getting rich quickly, but about surviving long-term. When the bull market comes, you will naturally become wealthy.
