Newcomers often ask me: 'Bro, does trading rely on skills or luck?'
I always laugh: 'It's not about that; after 10 years, I think mindset is more important than anything.'
After all, I went from being anxious with tens of thousands in the market, sweating at the sight of K-lines, to now being able to stay calm while watching price fluctuations.
I've seen too many 'technical analysts' trip up in these ten years—some people explain the use of MACD and RSI very well, and their logical analysis of the market is clear.
But once your position encounters a correction, if your mindset collapses first, you’ll either panic and cut losses or recklessly add positions, eventually losing all your capital.
I have also seen people with average technical skills make steady profits just by understanding a few small market rules and strictly following the rhythm; ultimately, it’s about having a stable mindset, not being greedy or panicking, and maintaining their pace.
Today, I will share 5 practical tips I have summarized from countless pitfalls, which can help newcomers avoid many detours:
Let’s first talk about Bitcoin; this guy is the 'big brother' of the crypto world. Usually, the entire market follows its rhythm; when it rises, everyone rises together, and when it falls, everyone falls together.
Only Ethereum can occasionally 'rebel'—after all, it has solid fundamentals and practical applications, and can sometimes break away from Bitcoin to establish an independent trend.
But don’t think about altcoins; they are basically led by Bitcoin and fluctuate with the overall market; don’t expect them to rise against the trend; holding such expectations will mostly lead to disappointment.
Remember a small rule: Bitcoin and USDT move in 'opposite directions.' When USDT rises, it indicates that the market is seeking stability, so you should pay attention to the possibility that Bitcoin may fall.
If Bitcoin is soaring and you feel it’s about to hit your expectations, quickly exchange some BTC for USDT, effectively locking in your profits to prevent losses when the market corrects.
I have relied on this trick before and successfully preserved large profits several times, preventing unrealized gains from turning into 'paper wealth.'
There’s also a 'profit window': between 0-1 AM, 'spike' market movements are likely to occur. Domestic crypto friends can operate like this before going to bed:
Place buy orders for the coins you want to buy at 3%-5% lower than the current price, and place sell orders for the coins you hold at 3%-5% higher than the current price.
No need to stay up late watching; you might wake up in the morning to find your orders have executed, which is like getting a wave of profit for free; this kind of 'effortless small gain' can accumulate to a considerable amount.
You also need to pay close attention at 5 PM. Experienced players know that at this time, the U.S. market starts to be active, and once capital enters, it can easily drive fluctuations in the crypto market.
I have encountered major rises and falls several times during this period; either some policy news came out from the U.S., or significant funds started to move.
Everyone should check the market at specific times; don’t miss key movements, and avoid opening large positions at this point to prevent being caught off guard by sudden fluctuations.
Lastly, regarding 'Black Friday,' don’t take it too seriously. There have indeed been a few Fridays where the market dropped sharply, which people referred to as 'Black Friday,' but there have also been many Fridays that rose or remained stable; the accuracy isn’t very high.
There’s no need to panic and clear your positions every Friday, and you don’t have to avoid trading out of fear of falling; just pay attention to the news of the day and follow your own trading rhythm; the more anxious you are, the more likely you are to make mistakes.
To be honest, making money in the cryptocurrency market really doesn’t depend on luck; it depends on your understanding of market rules, your ability to control the pace, and how well you can maintain your mindset. Technical skills can be learned gradually, rules can be figured out over time, but if your mindset isn’t stable, no matter how skilled you are, it won’t help.
I am @趋势猎手老金 ; it doesn’t matter if you are a newcomer just starting out or a veteran who has been in the game for a few years, as long as you are willing to learn seriously and follow the steps, even starting with just a few hundred USDT, it’s really not that hard to achieve stable profits in the crypto market.
In the future, I will break down more mindset management techniques and market rules to help you avoid the pitfall of 'losing your capital because your mindset collapsed' and make steady profits by following the rhythm.