1, The usable area of toilet paper is only about 10%, the remaining 90% is to prevent your hands from touching excrement. The same principle applies in the crypto world: 90% of your wealth is earned in the 10% of your time, so it’s important not to be fully invested; befriend time and use 90% to wait for opportunities. New investors are often reluctant to stay in cash or feel uncomfortable with half positions; they must jump in. I understand this fear of missing out; if this resonates with anyone, please raise your hand. (Don't be fully invested, wait for the right moment)

2, Whether in spot trading or contracts, you must set take profit and stop loss. Knowing how to buy is not impressive; knowing how to sell is what makes you a master. Even if a trade is profitable, it can still be trapped by human greed. In the end, you might end up stuck, haha, I'm talking about you. I believe everyone has experienced this; this is the charm of taking profits. Now let’s talk about stop losses. Setting a stop loss isn’t to make you really stop losing; it actually increases your capital utilization rate. For instance, if you're stuck in a position and decide to cut losses at a loss of 100u, you might believe that over time you can turn a profit. However, even if you do recover, you still have a time cost involved. Even with a stop loss, you can reinvest your funds into higher yielding opportunities.

Especially in a bull market, if you’re stuck in a position with the same funds and finally get out after a week, you’ve only managed to recover 100u of your floating loss over that week. But if you had set a stop loss and utilized your capital, the right trades over a week could yield much more than just 100u profit. (I don’t care whether you know how to buy; you must learn how to sell)

3, When you hear what others are buying to get rich, you definitely fear missing out. Hehe, by the time you hear the news, it’s already too late; you’re entering at a high point and the risks are huge. (Don’t let FOMO affect you; stay away from people who induce FOMO)

4, Don’t have faith in a particular coin. Being a player who makes money and walks away isn’t a bad thing. Identify the trend, make your profit, and quietly wait for the next opportunity. Don’t think that if you’ve identified the right trend, even a pig can fly; we small investors, when taking off, see the scenery outside and must first consider how to land safely, rather than how to fly higher. Otherwise, when the wind stops and you haven’t taken off yet, you’ll be the first to crash. (Take profits; the crypto world isn’t about who makes money the fastest, but who can survive the longest)

5, Don't believe in getting rich overnight, but do believe in the power of compound interest, it is truly very powerful. (The eighth wonder of the world, those who understand will understand)

6. Don’t invest funds that affect your life into crypto. I have a younger brother who, when I first met him, was modest and cautious. He sent me voice messages late at night asking about KDJ, MACD, and MA lines. I shared some basic knowledge with him, and he took it as a treasure, thinking he was invincible. He over-invested and turned 20K into 80K in three months. I advised him several times, but he showed me screenshots of his profits, saying I was too conservative. You tell me, is it easy for a college graduate to find a job? After making a few tens of thousands in a short time, he boldly resigned to become a full-time trader. Then came the big drop, and he sent me a voice message, trembling. The market gave this young man a harsh lesson. (Going all in is not suitable for crypto; before stepping into this circle, you should at least leave 1-2 escape routes for yourself.) There are risks in the market; invest cautiously.

If you want to seize the current bull market, learning on the fly is definitely too late; it’s best to have someone guide you through the quick entry. I am analyst Wu Yue.

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