After exploring the cryptocurrency space for 10 years, with assets growing from zero to 11 million, I am increasingly convinced:
If this market cannot achieve a breakthrough in wealth, ordinary people will have even less opportunity for class transition.
Here are some experiences to share with those who are still exploring:
1. Coin Selection Principles
Only trade mainstream value coins, prioritize spot trading, and stay away from contracts. Short-term fluctuations can be ignored; the key is the logic and trend in the medium to long term. Manage positions dynamically and adjust them appropriately.
2. About Pullbacks and Panic
If there is a big drop but the 4-hour line has not effectively broken the 20-day moving average, there is no need to panic. Most of the time, it is one of the following three situations:
1) Contract liquidation wave—if you are not a professional player, try not to engage; the risk is far greater than spot trading.
2) Normal technical pullback—when deviating too far from the 5-day line, it often pulls back to the 5-10 day line to gather strength.
3) Main force washing the plate—quickly crashing prices to force retail investors to cut losses is a common operation.
3. Operating Strategy
1) For profitable positions in a wave, reduce positions in advance or sell in batches at high points to secure profits.
2) Use a batch ordering strategy for accumulation, focusing on observing near the daily 5-day line, 10-day line, and 30-day line.
3) Use the “lifeline” to judge trends; if it effectively breaks down and rebounds weakly, immediately reduce positions.
4. Responding to Different Market Conditions
Stay calm during a surge; during a crash, consider whether an opportunity is arising. Lay out positions at low points and accumulate in batches.
Lock in profits on profitable positions and set stop losses on bottom-fishing positions; do not become overly attached to the battle.
5. Advice for Beginners
Don’t rush, don’t be greedy. Start with small amounts to practice trading feelings, learn the rules, and cultivate mindset.
Most people's losses are not due to market conditions, but rather due to ignorance and emotions.
