Investing 100,000 yuan in the crypto world, currently valued at 42 million. There was one thing that was said to me that enlightened me. "This market in the crypto world is just a crowd of people; as long as you control your own emotions, this market is an ATM!"
There are many ways to trade coins, but not all methods can be mastered. We all hope to achieve good results with the simplest methods, and friends in the crypto world do not fail to find good coins; rather, they overthink things! The focus today is on a trading strategy that is both simple and highly effective!
1. My "Five No" principles: these are things you must not do!
1. Do not engage in contracts and leverage
I have seen too many people lose everything due to contract trading and leverage liquidation. The market is too volatile; a single mistake can lead to losing everything. My experience is that long-term stable compound growth is the way to go; a gambling mentality will only leave you with nothing!
2. Do not touch junk coins and meme coins
Those so-called "shitcoins" and meme coins may seem like they can multiply a hundred times, but in reality, there are more scythes than leeks. The project parties control the market, liquidity is drained, and once the hype passes, ordinary people become the bag holders. I never touch these, and I suggest everyone stay away from them.
3. Do not chase high prices or sell low
I once chased high prices out of fear of missing out (FOMO) and ended up getting stuck badly. Frequent trading not only doesn't make you money, but the transaction fees and opportunity costs will also eat away at your profits. Now I have learned to patiently wait and not chase high prices easily.
4. Do not click on unfamiliar links
There are too many hackers in the crypto world, phishing websites, fake wallets, and fraudulent airdrops are everywhere. Now I only download apps from official websites, and I must repeatedly verify the links. Asset security is more important than anything else!
