Still rushing in the crypto world? These 10 practical rules can save you a whole year's profit!
I've been in this market for over a decade, witnessing many rise and fall.
Most people lose money not because the market doesn't give opportunities, but because they are too anxious, greedy, and impatient.
Let’s state a reality: if your capital is not large (within 200,000), being able to consistently catch a major uptrend once a year is actually enough.
Don’t fantasize about battling the market every day with full positions; the real opportunities that yield profit come only a few times a year.
Some people even rush in with real money without practicing on a demo account, and after one liquidation, they might say goodbye to the crypto world.
A demo account allows for unlimited trial and error, but a real account can lead to a final mistake with no next chance.
The same goes for good news. Many people hear "great news" and stubbornly hold on, only to be stuck when the market opens high the next day without selling.
Remember: the realization of good news often marks the beginning of bad news.
Before holidays, it's even more important to be cautious and reduce positions a week in advance as common sense. History tells us that most holidays see declines.
The logic for medium to long-term investment is simple: keep enough cash, increase selling prices, buy back during dips, and operate in a rolling manner.
For short-term trading, focus on coins with active trading volume and patterns; inactive coins are traps.
Market rhythms also follow patterns: when declines are slow, rises won't be fast; but when declines are rapid, rebounds are often stronger.
Being able to understand the rhythm makes your entry and exit points clear.
The most critical rule is to acknowledge when you've made a wrong buy, and don't stubbornly hold on.
As long as you have capital, opportunities will always exist. Once your capital is gone, all strategies are just empty talk.
As for short-term tools, I most commonly use 15-minute candlestick charts combined with KDJ indicators.
This combination can help you find plenty of attractive buying and selling points.
It's not about having many methods; the key is precision.
There are countless techniques in the crypto world, but as long as you refine a few to perfection, you can thrive.
Trading cryptocurrencies isn't about luck or news. What truly determines your fate is execution, sense of rhythm, and patience.
