Without over a decade of experience in the crypto world and achieving certain results, it's absolutely impossible to write this article. Understanding and comprehending it can help everyone transition from a novice to an expert. It's worth saving and reviewing repeatedly for every crypto friend!
Coin trading secret 1: Don't sell when prices peak, don't buy when prices dive, and don't trade during sideways movements. Buy on dips, sell on rises, act against the market to be a hero. Wait for high and low consolidations, and then wait a bit longer. If prices consolidate at a high level, seize the opportunity to sell quickly; if prices consolidate at a low level and make new lows, it's a good time to buy in fully.
Secret 2: Buy when there's a big drop in the morning, sell when there's a big rise in the morning. Don't chase after afternoon rises, buy the next day after an afternoon drop, and don't panic sell after a morning drop; if it neither rises nor falls, just sleep.
Four shortcuts to bankrupting yourself: 1. Chasing highs and cutting losses; 2. Futures leverage; 3. Margin trading; 4. Short-term speculative operations.
Four main paths to life's peak: 1. Work diligently; 2. Invest spare funds; 3. Buy at the bottom and hold long-term; 4. Eat and sleep on time. — This is the survival rule in the crypto world, and must not be ignored by the absolute experts. (Ten days in the crypto world equates to ten years in reality, the level of brutality is rare in history; remember the survival rules to stay alive.)
Profit from rises, gain coins from falls. If you hold and don't sell, you won't lose. Never go all in, never go all in, never go all in, never go all in, never go all in, never go all in.
Advice 1: Don't be easily deceived into giving away low-priced chips. Stay firm in your beliefs to prevent market manipulators from colluding against you.
Advice 2: Chasing highs and cutting losses, and going all in and out is always a big taboo. A positive trend is favorable, and gradually building positions during a decline is less risky than chasing highs, with lower costs and greater profits.
Advice 3: Allocate profits reasonably to maximize the release of funds, rather than continuously adding to positions.
Advice 4: In cases of rapid increases, cash out; during rapid decreases, hold your coins. Maintain a positive mindset at all times; do not speculate, do not be impulsive, do not be greedy, do not be fearful, and do not fight unprepared battles.
Advice 5: Pre-positioning or privately placing low-priced coins relies on experience and betting on the future of the coin with institutional traders. The subsequent secondary market competition relies on technical analysis and news, following the trend. Do not confuse the main and secondary aspects, or you will end up in chaos.
Advice 6: When building positions or selling, it must be done in layers and stages, gradually widening the price range to effectively control the ratio of risk to profit.
Advice 7: Be familiar with the ripple effect, monitor the market when trading coins, and pay attention to the trends of other coins. Each coin is not isolated in the overall market trading; they may seem unrelated, but are actually intertwined. Understanding the ripple effect is essential for trading coins, fully utilize consulting tools and apps.
Advice 8: Reasonable asset allocation is essential. The allocation of hot coins and value coins should be reasonable; pay attention to the ratio of pressure resistance and profit intake. Being too conservative may lead to missed opportunities, while being too aggressive may pose high risks! The main feature of value coins is stability, while hot coins are characterized by extreme volatility, which can lead to soaring or plummeting.
Advice 9: Having coins in the market, money in the account, and cash in the pocket is the safest and most reassuring standard. Do not go all in, as doing so will lead to failure. Mastering risk control and reasonable capital allocation is crucial to your mindset and success; investing spare cash is fundamental.
Advice 10: Master basic operations, learn to draw inferences from one instance, grasp the basic thought process of trading, observation is key, remember every high and low point as reference data, learn to record, summarize materials, develop a reading habit, and cultivate the ability to filter and select information.
Experience:
Rule 1: It's not necessary to worry about the duration of holding, but rather to focus on whether the market has reached its peak.
Rule 2: When the coin price rises, if one is solely focused on pursuing higher profits and hesitates to sell their held coins at high positions, greed often leads to missing great opportunities.
Rule 3: Take profits when you see them, maintain your gains, and it requires wisdom and patience.
Rule 4: Sell when everyone on the streets is talking about making big money.
Rule 5: Any greedy investor will inevitably regret not buying at a low price when they see a big surge, while the main traders take advantage of retail investors' psychology to drive prices up for selling.
I hope this is useful to everyone, and may we all achieve financial freedom in this bull market!