The cryptocurrency market is a battlefield, and also an ATM. Some incur full liquidations, while others hold on and double their investments; the difference often lies not in talent, but in strategy. With ten years of experience, I have summarized 7 iron rules to share with those who truly want to go far.
When the situation is unclear, it’s better to stay out
When market signals are chaotic, the biggest fear is not missing out, but making rash moves. Missing out on 10 opportunities is fine, but stepping on a landmine could waste a year's effort.
Hot coins, quick in and out
Hot trends are like fireworks; they come quickly and go just as fast. Enter the market with take-profit and stop-loss orders; leave immediately when the hype fades, and don’t be the last buyer.
In a big market, holding on is the real skill
When there is a significant breakout, don’t be scared off by small fluctuations. Profit comes from holding, not from frequent clicks. Only by staying in can you benefit from large trends.
Massive bullish candle, harvest immediately
When you see a massive long bullish candle, regardless of whether it's at a high or low point, be alert to the main force selling off. Locking in profits is always the right choice.
Moving averages are retail traders' trump cards
Don’t be superstitious about fancy indicators; one or two moving averages are enough. Buy on a golden cross, sell on a death cross, let discipline make the decisions for you.
Go with the trend, operate against human nature
As long as the uptrend continues, don’t rush to sell; if the downtrend is bottoming out, be brave to buy in batches. The vast majority of people fail by chasing uptrends and panic-selling.
Build positions in batches, don’t go all in
Going all in once can lead to death ten times. Batching provides a sense of security and allows you to seize multiple opportunities.
The survival rule in crypto is simple: strategy is the weapon, mindset is the armor. Only those who can refine these two aspects to the extreme are worthy of discussing the long term. $ETH #ETH走势分析
