I entered the cryptocurrency circle with 80,000 yuan, experiencing a decade of ups and downs. Now, I can support my family through trading. During this process, I have distilled eight golden rules, specifically to help retail investors quickly grasp the essence of investment. Though brief, every word is meaningful; once understood, it may help you avoid years of twists and turns in your investment journey.
These rules stem from my years of exploration and practice in the market. Today, I am willing to share them generously, hoping that every reader can draw wisdom from them, reduce the hardships of exploration, and write their own brilliant chapter in the cryptocurrency world as soon as possible.
1. Skillfully use the morning market: In the morning, the cryptocurrency market's emotions are at their purest. If the price plunges significantly, don’t panic; this could be a good opportunity to 'pick up bargains.' If the price rises sharply in the morning, don’t be greedy; take the opportunity to sell for profit and lock in your gains.
2. Grasp the afternoon strategy: If there’s a sudden surge in the afternoon, don’t get carried away and follow the trend blindly; most of the time it’s a false alarm, and buying at high prices can lead to losses. Conversely, if there’s a significant drop in the afternoon, stay calm, observe for a while, and find a good entry point the next day at a low price; often you can acquire shares at a bargain.
3. Maintain a stable mindset during declines: If you wake up to see a significant drop in coin prices, don’t rush to cut losses. The market changes rapidly, and early fluctuations are often 'smoke and mirrors.' If the market is stagnant with no fluctuations, don’t be anxious; it might be wise to take a break, conserve your energy, and wait for opportunities.
4. Strictly adhere to buying and selling rules: If the coins you hold haven’t risen to your expected high, don’t sell easily; earning less is still a loss. If the price hasn’t dropped to your psychological level, hold back and don’t buy rashly to avoid buying at a half-hearted bottom. As for sideways trading periods, the trends can be chaotic and directionless; trading now is akin to a blind person feeling an elephant; it’s better to observe from the sidelines.
5. Operate based on candlestick patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper shares, making it a good time to buy. A bullish candle signifies a short-term upward trend; sell high to secure profits.
6. Breakthrough through contrarian thinking: To stand out in the cryptocurrency circle, sometimes you need to go against the grain. When everyone is frantically chasing, maintain some calm; when others are panic-selling, be bold and dare to operate contrarily, so you can find niche opportunities for wealth outside the mainstream tide.
7. Endure the agony of consolidation: Prices consolidating for a long time at high or low levels can be excruciating. During this time, don’t let anxiety drive you to act impulsively; be patient and calm. Wait until the trend is clear—whether it’s going up or down—then strike with full force.
8. Capture the tail end of a surge: After a prolonged period of sideways movement at high levels, once there’s a renewed upward push, don’t hesitate; this is likely the final frenzy. Sell promptly to secure your profits; otherwise, they may slip away, and the cooked duck may just fly away.
#白宫首届加密货币峰会 #MtGox钱包动态 $BTC $ETH
For more information, please click
