The essence of cryptocurrency trading: wait for trends and avoid frequent trading

The difficulty of cryptocurrency trading lies in waiting rather than choosing coins. The essence of trading lies in identifying the direction and waiting for the trend to mature. Only by following the trend can you reap rich rewards. Therefore, it is the primary task of traders to understand the market context and choose the opportunity to build positions or hold positions.

Frequent trading, chasing ups and downs, are taboos in the cryptocurrency circle. There is a common joke: "Enter the market and it will fall, leave the market and it will rise", as if the market is picking its plate. Such traders are good at short-term predictions and try to capture every fluctuation, but in fact they are exhausted and have little profit. The short-term fluctuations in the market are like a fog that cannot be fully measured by human power. Behind it, policies, industries, funds, and emotions are intertwined and complicated. In the long run, prices will eventually return to the source of value.

Therefore, instead of indulging in unpredictable fluctuations, it is better to delve into the target and improve market awareness. Another trap of frequent trading is the high handling fees. Accumulating a little bit will eat up profits. The recent sharp rise in platform coins is partly due to the considerable commission income, which is also a reflection of the contribution of investors.

In summary, in currency trading, patience and strategy are equally important. Waiting for the trend and avoiding frequent transactions is the long-term solution.

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