1. Learn to patiently wait; cryptocurrency contracts are like passing the parcel. After emotions peak, there will inevitably be a pullback, and after panic spreads, a reversal often follows. Use 20% of the key moments to capture 80% of the core gains; this is an unchangeable rule of the market.
2. Never easily take large positions; large positions can easily lead to emotional trading, which may trigger a vicious cycle. It's important to understand that losses are a norm in the market. The key is to maintain a steady mindset and timely seek new opportunities. To achieve long-term profits in the market, protecting your capital is fundamental.
3. Be cautious when buying; don't act impulsively just because the market is rising sharply. When encountering a significant market movement, there will always be quality opportunities. You must combine market indices and overall sentiment for comprehensive judgment before taking action to avoid chasing high prices and getting trapped.
4. Be decisive when cutting losses; once the market does not meet expectations, quick decisions are necessary. Do not waste time on losing positions; it is wiser to quickly shift focus to find new opportunities, as hesitation will only exacerbate losses.
5. Remember to withdraw profits after significant gains; when you can make substantial profits, it often indicates that the market has entered a frenzied stage, and a pullback is likely imminent. Timely securing part of your gains can cool the 'frenzied mindset' and provide practical security for life.
6. Learn to respect the market; do not use your subjective views to predict market trends. If the capital does not favor a direction, there is no need to stubbornly hold on; following the main lines recognized by the market is the correct operational mindset.
7. Do not blindly follow during market peaks; when the market heat reaches its peak, the game of 'passing the parcel' is not far from ending. When the next day comes, who is willing to take the last baton? Blindly following trends can easily make you a 'greater fool'.
8. Try to avoid short-term trading in the afternoon; by the morning session, the short-term trend is generally clear, and the opportunities that need to be seized have already been acted upon. Minimize trading frequency to avoid getting entangled in meaningless market fluctuations and reduce unnecessary operational errors.
9. Persist in reviewing, reflecting, and summarizing; losses and failures are not frightening; what is frightening is gaining nothing from these experiences. Let each mistake lay the foundation for success, so you can walk more steadily and further in the market.
Usually, pay more attention to real-time learning and communication; this can help you better grasp market direction and operational strategies. Regardless of the market style, understanding the trends in advance will give you ample time to prepare and firmly seize opportunities!
