Insights from Cryptocurrency Trading: Learning is Understanding!
Brothers, this set of insights is a summary of my ten years of trading experience, each point is a practical rule to minimize losses and maximize profits. Save it well, follow it, and you too can turn your fortunes around in the crypto world!
1· Domestic markets fall during the day, buy at night
Is the market continuing to decline during the day? Don't panic, foreign capital usually boosts the market at 21:30, this is a buying opportunity; experts catch the rise at night.
2· Don't chase highs during a daytime surge
If the market skyrockets during the day, it is likely to correct at night. For FOMO novices, staying steady is the key!
3· Key buying and selling indicators are “wick lengths”
The deeper the wick, the stronger the signal to buy or sell. Experts rely on this single candlestick to determine entry and exit points.
4· Before and after major meetings/good news
The market may spike before the news is released, but often retracts after it lands. Operate based on news, prepare in advance, and exit promptly once the news is out.
5· Be cautious with coins recommended by communities
Coins that are hotly traded in groups often have many pitfalls. Sometimes, reverse operations are more reliable. Know when to take profits, exit promptly, and don't let the group's enthusiasm cloud your judgment.
6· Underrated coins may explode
Coins that your group friends recommend but you are not interested in can sometimes unexpectedly surge! For example, BGB, which was recommended at 0.4, is now at 4.4; a casual purchase could lead to a financial turnaround.
7· Choosing the right platform is crucial
Large exchanges like BN, OK, and BG are relatively stable, while DEX incidents are frequent and it is difficult to protect your rights. Don’t blindly trust “non-mainstream exchanges,” as there are many scams on them as well.
8· Be cautious with heavy positions
Having a heavy position in a coin increases the risk of liquidation. The market often has “deliberate tests” of your sentiment, like in the TRB case, where the market fell again after hitting the stop loss; experts understand how to control their positions.
9 years of ups and downs have all been experiences of great enlightenment!
Save this, keep it in mind; this set of insights will help you minimize losses and maximize gains, turning your situation around steadily!
