1. Don't trade just for the sake of trading. What does this mean? It means that if you don't have enough confidence that this trade will be profitable, don't force yourself to open a position. Staying in cash is an art; a buyer is a novice, a seller is a master, and staying in cash is a grandmaster. The primary consideration in trading is not profit, but capital preservation. Trading is not about frequency, but success rate!
2. Just entering the market, don't rush to make money, learn quickly. If you don't even understand that exchanges can crash or how to transfer assets across chains, or the concept of blockchain, how can you expect to make money?
3. Patience is the foundation of making money. You may have to learn for a long time and be deceived countless times to understand the situation in this market. It's okay; cherish every experience of being deceived, as these are lessons to be learned on the investment journey.
4. When the price enters a stable upward channel, each pullback is a temporary stop, a good opportunity for us to board. There are no coins that rise indefinitely; pullbacks are like compressed springs, aimed at jumping higher.
5. Trading in cryptocurrencies is about mindset; greed and fear are detrimental. Be cautious when chasing price fluctuations, maintain a calm and easy-going demeanor. In cryptocurrency trading, mindset is crucial. Greed and fear are our greatest enemies; avoid chasing highs and cutting losses. Maintain a peaceful mindset.
6. Full position trading is a big taboo. Being stubborn is not advisable; one must know when to stop amidst constant changes. Enter and exit easily while observing the market. Do not operate with full positions or take all your chips; understand that the market is unpredictable and know when to take profits. Observe the changes calmly to seize the best opportunities.
7. If a coin has dropped 50% from a high position and has fallen for 8 consecutive days, it has already entered an oversold channel, and a rebound is imminent; you can follow in.
8. Embrace the trend and go with the flow. The price at which you buy is not necessarily the lower the better, but rather the more suitable the better. You won't gain an advantage just because the buying price is cheap, as a downturn does not imply a bottom. Abandon junk coins; the trend is king.
The method has been told to you!!
If you still can't grasp it!!
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