6 years of cryptocurrency trading experience, summarized in 16 key phrases, benefiting for a lifetime!

Sixteen insights gained from a meal, shared with everyone in hopes of being helpful.

1. Buy altcoins in a bull market, buy BTC in a bear market.

2. Pay close attention to coins with increased volume at the bottom, often a signal for a breakout.

3. A coin in an upward trend that retraces to important moving averages is a buying opportunity.

4. Do not trade frequently; making a few big correct calls in a year is enough.

5. Manage your position well; never go all-in, always leave yourself some room.

6. Do not average down on losing junk coins; cutting losses in a timely manner is wise.

7. News should only be used as a reference; do not gamble based on news alone.

8. Do not touch unfamiliar coins; focus on the sectors you know well.

9. Do not let market emotions sway you; maintain calmness and rationality.

10. If altcoins have risen significantly, they will certainly fall; if they have fallen significantly, they may not necessarily rise; choice is important.

11. When the majority of people are optimistic, it is often when the risks arise.

12. Learn to stay in cash; wait for the market to give clear signals before entering.

13. Do not follow the crowd to speculate on hot trends; trends often come quickly and go just as fast.

14. Have your own trading system and follow it strictly.

15. Investing is a long-distance race; maintaining a good mindset is key to finishing successfully.

16. Investing does not guarantee profits; it is more likely to incur losses, so try to invest spare money. With spare money, your mindset will be better, and the probability of winning will increase.

I hope these experiences can help everyone; let’s grow together in the cryptocurrency world.