Pay attention to trends: "Only select cryptocurrencies that are in an upward trend for operation" is one of the core principles of technical analysis (following the trend). Using moving averages of different periods (such as 3-day, 30-day lines) to determine the trend direction is also a common method.
Pay attention to the relationship between volume and price: "Trading volume is the soul of the cryptocurrency market" - low-volume breakout and high-volume stagnation are indeed phenomena that require close attention.
Be patient and wait for opportunities: "Only enter the market when the opportunity is right; do not trade without a pattern.
The dangerous and absolutist parts (these are fatal traps):
Absolutist rules: "As long as... you must...", "If it rises for X days, then Y is inevitable" - these expressions are the biggest danger signals. The market is complex and variable, and there is no absolute, always effective simple rule. Rigidly applying these rules can lead to losing all your capital after just one failure.
For example: "Any cryptocurrency that rises for two consecutive days must be reduced in position in time" - if this is the start of a major upward wave, you will miss out on most of the profits.
For example: "If there are three in the rising list, there must be five, and if there are five, there must be seven" - this is entirely a gambling mentality, with no basis.
Mythical yields: "Achieved an eight-figure amount in just one year", "Maintained a win rate of over 90% for five years". From the perspective of mathematics and finance, maintaining a win rate of over 90% in the long term is almost impossible. Even top traders rely on a "high profit-to-loss ratio" (making large profits and keeping losses small) rather than a high win rate. Overemphasizing the win rate is misleading. #加密市场回调