Ten years of trading cryptocurrencies, summarized into 16 experiences!
1. Choose altcoins during a bull market, and buy BTC during a bear market; this is my secret recipe!
2. Pay special attention to coins that show volume at the bottom; this is a signal for a launch, don't miss it!
3. For coins in an upward trend, when they pull back to important moving averages, it's the best time to buy; remember to seize the opportunity!
4. Don't trade frequently; making the right call on a few major trends a year is enough; greed can lead to significant losses!
5. Always control your position; never go all in, leave yourself some room to respond to market changes!
6. For losing junk coins, do not average down; cutting losses in time is wise, don't let yourself fall deeper!
7. News can only serve as a reference; don't blindly follow trends, or you'll bear the consequences yourself!
8. Never touch unfamiliar coins; focus on the sectors you know well, that's how you can secure victory!
9. Don't let market emotions sway you; stay calm and rational, that's how you can make the right decisions!
10. When altcoins rise too much, they will definitely fall; when they fall too much, it doesn't necessarily mean they'll rise; choice is important, keep your eyes open!
11. When most people are optimistic, it's often when the risk arises; remember this, don't let yourself become the bag holder!
12. Learn to be in cash; wait for the market to give a clear signal to re-enter, that way you can avoid unnecessary losses!
13. Don't follow the hype; trends often come and go quickly, don't let yourself get trapped!
14. Have your own trading system and strictly follow it, this way you can maintain stable profits!
15. Investing is a long race; maintain a good mindset to laugh until the end, don't let yourself give up halfway!
16. Investing does not guarantee profits; there's a high probability of losses, so try to invest with spare money; when investing with spare money, your mindset will be good, increasing your chances of winning. Remember this, don't let yourself fall into trouble because of investing!