In the volatile market of cryptocurrency, short-term profits may rely on luck, but long-term stable profits must depend on ironclad discipline. After years of practical experience, I have summarized eight rules for survival, hoping to help you establish a solid foundation in this market.
1. Grasp the key period of the early session
The first 30 minutes after the market opens serve as a direction indicator for the entire day's market. During this time, it is crucial not to blindly chase highs or sell lows, but to calmly observe trend signals. If there is a sudden drop, consider buying in batches; if there is a rapid rise, take profits in a timely manner.
2. Don’t chase what you missed, be brave to buy on deep dips
There’s no need to regret missing the early session's surge; chasing highs often begins the process of being trapped. If there is a deep pullback in the afternoon, stay calm and look for opportunities to enter in batches the next day, as you may often capture technical rebound opportunities.
3. Respond calmly to morning dips and sideways markets
Minor fluctuations in the early session do not require excessive reactions, and patience is especially crucial during sideways trading. Until clear signals emerge, reducing trading frequency is the best approach to avoid eroding your capital through frequent transactions.
4. Strictly adhere to trading discipline
Set clear buy and sell points in advance, and do not sell until the target price is reached; patiently wait if the psychological price is not met. During the chaotic phase of sideways consolidation, maintaining a cash position and observing is the best strategy.
5. The wisdom of following the trend
Look for buying opportunities during bearish pullbacks and consider taking profits during bullish surges. Never go against the trend; only by following the market rhythm can profits continue to grow.
6. Contrarian thinking determines outcomes
Stay clear-headed when the market is euphoric and rational when panic spreads. When everyone is rushing to sell, it is often the right time to find golden buying points for quality targets.
7. Be patient while waiting for clarity
In the face of a consolidating market, what is most needed is patience. Maintain a wait-and-see approach until the direction is clear, and act decisively after a breakout signal appears; this is more important than blind trading.
8. Recognize the signals of a market's end
A sudden surge after a long period of sideways trading often signals that the market is nearing its end. At this time, avoid greed; taking profits timely to secure gains is a wise move.
Investing in cryptocurrency is fundamentally based on technique, but mindset is key. These eight ironclad rules may seem simple, but only those who can strictly implement them at all times can truly survive in this market and achieve stable returns. @方舟掘金
