1. Never chase high prices to buy cryptocurrencies; you must have this mindset: let it rise as much as it wants, treat it as if this coin doesn't exist.
2. There are only two types of coins: good coins are those at the buying point; otherwise, they're garbage coins. The coins bought at high levels are the best performing coins. Patiently waiting for high-level coins to become true high-performing stocks is the correct mindset.
3. In fact, the most important thing in trading cryptocurrencies is the mindset. Many people clearly know that it's not the right buying point, yet their hands itch and they can't help it. This is a mindset issue; if you don't solve this, any theory is useless.
4. Keep your mindset steady; do not have emotions towards any cryptocurrency or price point, only look at the market signals. You should have emotions towards buying and selling points. If your skills are good and your funds are large, for example, if you can operate on a 30-minute basis, then there is no such thing as being too late.
5. The reasons for mistakes are always unrelated to the market. When looking for reasons, you can only find your own reasons; every mistake must be summarized immediately.
6. The mentality of wanting to make money quickly is a big taboo for us cryptocurrency traders. If you can't even control your own heart and can't control your greed and desires, you won't succeed in the market for long. In two forms of emptiness, when you hold cryptocurrencies, your thinking is controlled by the bulls; conversely, you become a slave to the bears. The market's emotions accumulate and are guided from here. Those who can't break free from this state will forever be false market participants.
7. Trading cryptocurrencies tests long-term profitability, not the ability for a one-time explosion. The key is a long-term effective trading strategy. When buying, you should think through various situations, hold firmly, and be even more decisive when selling; only then can you gradually improve. You are trading cryptocurrencies, not the cryptocurrencies trading you; start with yourself.
8. The virtual currency market will only reward those with patience; any good cryptocurrency needs to be nurtured. Those who switch to new coins every day will always have small funds, small profits. Focus on one; running around every day will definitely not earn big money.
9. Dance to the rhythm of the market. As long as you follow the rhythm of the market, you can navigate through the sharp edges with ease. Rhythm is always the market's rhythm; a market participant without a sense of rhythm will always face torment. Set aside your greed and fear, and listen to the market's rhythm. As long as you can follow the rhythm, no one can block you. The market has a rhythm; grasp the current rhythm, and no one can defeat you.
10. Those who play with capital must remember that the power of compound interest is the greatest. As long as you have a good mindset and skills, compound interest is inevitable, and this can overcome everything.