Playing with cryptocurrency this way can lead to success. Remember these; they are all valuable insights!

These 10 experiences are about to change your perception and take you into a whole new world of cryptocurrency trading.

1. Persistently review your trades every day, check all the cryptocurrencies in your watchlist, and become familiar with the K-line chart (if you don’t know how, check my previous content on my homepage) so you can follow the rhythm of the main capital.

2. If your investment capital is not large, for example, below 500,000, then catching a major upward trend just once a year is enough; never keep your position fully loaded at all times.

3. When encountering significant positive news, if you don’t sell the same day, consider selling the next day if the opening is high. Realized benefits often come with risks. This is also true in cryptocurrency trading.

4. When facing major holidays, be prepared for position adjustments in advance. Based on your actual situation, determine whether to hold your assets for the holiday or take other actions.

5. Short-term trading mainly looks at trading volume and charts. Only engage in trading when the chart is active with large fluctuations; avoid trading in inactive situations.

6. Mid to long-term strategies involve keeping enough cash on hand to sell at high prices, buy back during declines, and roll over operations. This can also be applied in cryptocurrency trading.

7. Stick with good cryptocurrencies, but make sure to sell at high points; do not be greedy for excessively high prices.

8. When a decline slows down, rebounds will also be slow; if the decline accelerates, rebounds will be quick. This is similarly applicable in the cryptocurrency market.

9. Compare the charts of the overall market and various cryptocurrencies in detail; the trends of cryptocurrencies with main capital will not be the same as the overall market. Cryptocurrencies that follow the same trend as the overall market often lack main capital.

10. If a cryptocurrency has been in a long-term bottom and suddenly shows a significant upward gap with increased volume, pay attention; that could be an opportunity.

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