When I entered the circle, I had 100,000 yuan, and today the market value is 42 million
I have a senior in the cryptocurrency world, when LUNA crashed back then, he also suffered huge losses with me. While we were drinking and chatting, he said something that I still remember to this day
"This market is full of a mob; as long as you control your emotions, it becomes an ATM."
Thinking about it, it makes sense
During a bull market, everyone shouts 'hold on, hold on,' but when it crashes, they panic and sell
The ones who really make money are those who sell when others are greedy and buy when others are fearful——
In other words: against human nature
I transformed from a novice to my current state, actually relying on my own trading logic. I want to share with you a few of the most practical experience tips, without any fluff
Entering the market needs to be steady
Don’t get too excited and go all in when the market is sluggish; first feel the rhythm of volatility, don’t expect to make a fortune on your first trade
Endure during sideways trading
If it stays low for a long time, it’s building momentum; if it stays high for a long time, it’s likely to crash
Buy low during consolidation, sell high when it’s peaking
Sell at peaks, buy during crashes
If you chase after peaks, you’re just lifting others; when it drops sharply, that’s the opportunity, but don’t blindly catch falling knives—look at the position, look at the structure
Buy on a bearish candle, sell on a bullish candle
This is the hardest part
Because most people get excited seeing a big bullish candle and fearful seeing a big bearish candle—but actually, it’s quite the opposite
Buy on dips in the morning, sell on highs in the afternoon
I’ve been using this rule; although it’s not 100% accurate, the probability of getting the big direction right is very high
Infrequent trading indicates mastery
During sideways trading, don’t make trades—just wait for a breakout. The more you want to make quick money, the more likely you are to get liquidated
There are also several practical trading strategies, like high selling and low buying in a fluctuating range, trading with breakouts, going with the trend in a one-way market, and countering important support and resistance—I'm now proficient in all of these
Before, I looked at technical charts in confusion; now I can gauge a general trend from just one candlestick
Finally, let me remind you: trading cryptocurrencies is actually about mindset
When the market comes, you’re afraid to jump in; when it drops, you’re afraid to average down; when you profit, you hesitate to sell; when you lose, you’re afraid to cut losses
If you're feeling a bit confused right now, why not stop, look back at the path you’ve taken, and ask yourself: do you have a strategy for trading, or are you just gambling?
I have seen a group of people grow from 10,000 U to hundreds of thousands, and I’ve also seen more people lose everything from hundreds of thousands
Those who can stay in the cryptocurrency world are not the ones with the best skills, but the ones who are the most stable.