After years of ups and downs in the crypto world, I have summarized some experiences to share with everyone, hoping to help you take fewer detours on this volatile road!
Luck and hesitation:
A lucky mindset increases risk, while indecision easily causes one to miss the best opportunities. Once a decision is made, execute decisively without dragging your feet.
Long-term is gold, short-term is silver, and swing trading is diamond:
Long-term is suitable for steady appreciation, short-term quick operations can yield short-term profits, while swing trading can capture the best opportunities during market fluctuations, making it the ideal way to operate.
Do not easily go all-in:
Having a moderate position helps maintain a calm mindset, allowing for flexible responses during sharp market fluctuations, able to attack and defend.
Catch fish in the middle, leave the head and tail for others:
Extreme market fluctuations often occur at the top and bottom; capturing the middle of the wave is the most ideal.
Frequent operations will inevitably lead to losses; indecision will gradually lead to blood loss:
Excessively frequent trading tends to increase costs and risks; operations during indecision often mark the start of losses.
Mindset comes first in trading coins, strategy second, and technique third:
Maintaining a good mindset is crucial; technique can help improve your odds, but the final decision is still determined by mindset and strategy.
The market arises in despair, develops in hesitation, and ends in madness:
The market bottom often comes with despair, while the top is achieved in madness; the key is to grasp the different stages of the market.
Greed is the killer of profits; greed and fear are the greatest enemies of investment:
Restraining greed and fear, controlling emotions, and setting reasonable goals are the secrets to stable profits.
Opportunities arise from declines; trading coins is trading the future:
Market opportunities often appear during declines, and what we invest in is not just the current coins, but their future potential. Buying is confidence, holding is patience, and selling is determination.
There are no absolutely accurate indicators, only retail investors who know how to use them and those who do not:
Indicators are merely tools; knowing how to use them is what matters. For those without systematic knowledge, relying on indicators can lead to greater losses.
Do not stop loss when trading coins, losses will definitely be magnified:
Not stopping loss is the biggest mistake; market reversals often occur when you insist on not stopping loss. Timely stop losses are essential for controlling risks.
When others are fearful, we should be greedy; when others are greedy, we should be fearful:
Counterintuitive thinking is the secret to making money; market sentiment reversals often provide the best investment opportunities.
Novices look at price, veterans look at volume, and experts look at momentum:
Novices usually focus on price fluctuations, veterans pay attention to trading volume and market sentiment, while experts understand how to perceive the overall trend of the market (momentum); following the trend is the way to win.
These principles are not set in stone, but they can help you maintain clear thinking in a complex market, reduce unnecessary losses, and enhance long-term profit opportunities.