After 6 years of trading cryptocurrencies, I've summarized it into 16 statements to share with everyone. Please forward it to your friends who trade cryptocurrencies; they will undoubtedly benefit for a lifetime!
1. Buy altcoins in a bull market, buy BTC in a bear market.
2. Pay close attention to coins that show volume at the bottom, as this often signals a launch.
3. A pullback to important moving averages in an upward trend is a buying opportunity.
4. Don't trade frequently; making the right call on a few major trends in a year is enough.
5. Manage your position well; never go all in, always leave yourself some room to maneuver.
6. Don't average down on losing junk coins; cutting losses in a timely manner is the wise choice.
7. News can only serve as a reference; don't bet everything based on news.
8. Don't touch coins you are not familiar with; focus on the sectors you understand.
9. Don't let market sentiment sway you; stay calm and rational.
10. When altcoins rise too much, they will definitely fall; when they fall too much, they may not necessarily rise. Choice is crucial.
11. When most people are optimistic, it is often when the risks arise.
12. Learn to stay out of the market; wait for clear signals before re-entering.
13. Don't follow the hype; trends often come quickly and leave just as fast.
14. Have your own trading system and stick to it rigorously.
15. Investing is a long-distance race; maintaining a good mindset will allow you to come out on top in the end.
16. Investing doesn't guarantee profits; it is likely to result in losses, so try to invest with spare money. When you invest with spare money, your mindset will be better, and the chances of winning will increase.
With six years of experience in the cryptocurrency circle, I share my insights on contracts and spot trading for free. Feel free to click on my profile to consult; let's improve together!