After eight years of trading coins, I have summarized 16 practical experiences, all learned from real pitfalls and profits, and I share them with everyone:
In a bull market, choose altcoins; in a bear market, buy Bitcoin. This is a method I have verified over the years, and it's much more reliable than blindly messing around.
Coins with sudden volume at the bottom must be closely monitored, as this is usually a signal to start; missing it may mean missing a good opportunity.
For coins in an upward trend, when they pull back to important moving averages (like the 60-day line or 20-day line), it's a good buying opportunity; don't wait until it goes up to chase.
Don't always think about frequent trading; catching a few major trends in a year is enough to make money. Being greedy and focusing on small fluctuations can lead to losses.
You must control your position well; never go all in. Leave some room on hand, so you can withstand market changes.
If the coin you bought has started losing value and has become an ignored 'junk coin', don't think about averaging down; cutting losses in time prevents deeper losses.
News can only serve as a reference; never blindly follow the crowd with all your capital based on a piece of news. If you really lose money, no one will take responsibility for you.
Don't touch unfamiliar coins, even if others say they are doing well. Focus on the sectors you understand, as it will give you more confidence in your operations.
Don't let market emotions lead you. When everyone is shouting 'up', don't act impulsively; when there's panic selling, don't get flustered. Staying calm allows you to make the right decisions.
Altcoins that have risen significantly are sure to fall, but those that have fallen don't necessarily rise again. Be clear-eyed when selecting; don't think it's safe just because it has fallen a lot.
When most people think a certain coin or market is good and have high hopes, that’s often when the risks are about to emerge. Don't rush in to take the bait at this time.
Learn to stay in cash. Wait until you see a clear entry signal; don’t always think that holding coins makes you feel secure. Being in cash can help you avoid many unnecessary losses.
Don't follow the trend of hot topics; trends come quickly and go quickly. By the time you react, it may already be at a stage where people are getting trapped.
In trading, you need to have your own set of methods (that is, a trading system). Set rules and strictly follow them; don't keep changing based on feelings. This way, you can achieve stable returns.
Investing is not a one or two-day affair; it's more like a long-distance run. You need to maintain a steady mindset; don't get carried away by a little profit or collapse from a little loss. Only those who can persist until the end are the winners.
You have to understand that investing doesn't necessarily mean making money; it is more likely to lose money. So, try to use spare money to trade coins, money that doesn’t affect your life. A stable mindset will increase your chances of winning.
When to enter and when to exit? How to catch strong coins? What should the take-profit be? You have to pay tuition fees to understand these things. The tail end of the bull market is still here, but very few can execute properly. Follow@crypto姜哥 , this round of the market will break the window paper for you.
