Back in the day, I entered the market with 3000 and relied on these points to go from losing to crying to stable profits; now I’m sharing my most useful insights with you.
1
There are countless coins in the crypto world, but remember: retail investors' energy and capital are equally precious.
Don’t be greedy: chasing after what's rising, buying what's hot; instead, focus on one coin and understand its behavior.
At what times does it usually fluctuate greatly?
How much drop counts as a 'normal correction' and how much is a 'real collapse'?
What news will cause it to jump up, and what news will make it crash?
Understanding one is ten times more reliable than randomly trading ten!
2. During a crazy rise or crash, keep your hands off the keyboard!
Have you ever had this experience:
Watching the coin price rise 10% in 5 minutes, I impulsively jumped in, but as soon as I bought, it fell.
During a crash, staring at the account with red numbers is blinding, trembling hands cut losses, and immediately after, it rebounds.
Remember: 90% of actions taken within one hour of a crazy rise or crash are wrong.
3. Always keep half of your money on hand; this is your 'emergency fund.'
With a principal of 10,000, spend no more than 5,000 to buy coins; don’t touch the remaining 5,000!
It fell; I used this 5000 to average down the price.
If it rises, look at the trend and then use this 5000 to increase your position for more profit.
Even if you misjudge, at least you have 5000 left to recover, so you won’t lose everything and regret it.
Those who go all in have already lost their mind—afraid of falling when it rises, afraid of going to zero when it drops, unable to make rational decisions.
4. Set a life-and-death line for each transaction and let the computer handle it for you.
The most common mistake beginners make: wanting to earn more when in profit, wanting to hold on when in loss.
Solution: Set 'take profit' and 'stop loss' points before opening a position and let the platform execute them automatically.
For example: set 'sell automatically at a 15% gain' when buying, regardless of whether it might rise another 30%—realizing profits is what counts.
Also set 'sell automatically at an 8% drop.'
Even if you think 'it will definitely rebound,' let the computer help you cut losses, don’t rely on your itchy hands.
5. Spend 3 days learning the basics; don’t be a 'follower retail investor.'
Don’t believe those 'you can earn by just following me without learning' nonsense; if they could really make consistent profits, why would they take you along?
Spend 3 days to understand these 3 basics:
K-line: Look at the closing price and trading volume.
Moving averages: 5-day line, 20-day line.
Position: Never let a single coin position exceed 30% of your principal.
6. Don’t take a one-size-fits-all approach to buying and selling.
Divided into 3 transactions.
Whether buying or selling, don’t go all in at once.
Want to buy coins worth 1000, sell in 3 batches.
I want to sell the coins I have, and I will sell them in 3 batches.
Even if you buy at a high point and sell at a low point, you won't suffer too much loss and can slowly find your rhythm.