But to be honest, this road is really tough. I've seen too many people get liquidated, exit, and leave in disgrace over the years. They are not lacking in intelligence, but they keep repeating three fatal mistakes:
1. Chasing highs and selling lows, never getting the rhythm right.
When the price rises, I get greedy, thinking 'this wave can soar', and as soon as I buy, I start to sell; yet when the real panic selling happens and prices hit the bottom, no one dares to step in.
Remember: Only those who can make 'calmly buying during a decline' a habit can truly reap the benefits of the cycle.
2. Putting all your eggs in one basket.
Always thinking 'if the direction is right, I can make a fortune in one shot', only to find the main force shakes a bit and suddenly gets wiped out, ending up losing even more.
The greatest taboo in short-term trading is: putting all bets on one point. Diversify risks to survive longer.
3. Being fully invested leads to emotions replacing rationality.
As soon as the market fluctuates, I can't help but 'go all in', and even if I guess the big direction correctly, once a correction happens, there's no room to adjust, and I can only watch the opportunity slip away.
Impulse is the devil, being fully invested is a grave—leave enough room to be flexible.
Ultimately, the cruel truth of the crypto world is: You don't lose because of the market, but because of your bad habits.
I've summarized a set of 'six-character' principles for short-term trading. If you can do these six points, making money isn't that hard:
1. Stay out during sideways markets, never enter.
If the high-level consolidation is not finished, new highs may still be ahead; if the low-level sideways movement has no bottom, it is easy to create new lows. Until the signal for a change comes out, random actions are a waste.
2. In a choppy market, hold onto your patience.
Most people lose their patience in choppy markets, chasing highs and lows and losing repeatedly. Operate less during sideways movements, and wait for trends to become clear before taking action.
3. Go with the trend, daily charts show the way.
Buy when the daily line closes bearish, sell when it closes bullish. Following market sentiment is 100 times more reliable than guessing on your own.
4. The faster it drops, the stronger the rebound.
In a slow declining market, rebounds often lack strength; on the contrary, after a sharp drop, there are more opportunities for a quick rebound. Understanding the rhythm makes opportunities naturally visible.
5. Build positions like a pyramid, enter in batches.
Never run out of ammunition! Buy more as the price drops, increase your position in batches, and keep some funds to deal with emergencies.
6. After big rises and falls, always wait for consolidation.
After big rises and falls, there will definitely be a consolidation period; a change will only occur after consolidation ends. Don't go all in at highs, and don't go all in at lows; wait for clear signals before deciding your fate.
Lastly, I want to say: The market never lacks opportunities; what it lacks are those who can remain steady, endure, and survive.
Do you think experts rely on luck? In fact, they just use 'dumb methods' rigorously and execute simple rules to the fullest.
One tree cannot make a forest; a solitary sail cannot go far. Having a reliable team to point the way is always better than fighting alone. Don't be afraid of being slow; be afraid of making mistakes—I have always been here, accompanying you to gradually stabilize and slowly make money.
