In this market, whether it's a bull market or a bear market, everyone's core goal is to profit. I started trading cryptocurrencies at the age of 21, and by this year, at 28, my assets have reached eight figures. During this process, I have summarized some insights and techniques to share with my brothers.
1. The market in the morning is usually more straightforward; when prices drop, it may be a good time to buy at a low price; if prices rise, don’t be greedy, sell at the right time to lock in profits.
2. If prices suddenly rise in the afternoon, avoid blindly chasing the highs, as this is often an illusion; if prices drop, remain calm and wait for a lower entry point the next day.
3. When facing a price drop in the early morning, do not panic sell, as the market is unpredictable; during calm periods, there’s no need to feel anxious, just wait for opportunities to arise.
4. Always stick to your own trading principles: do not sell easily if the expected price is not reached; do not buy recklessly if it has not fallen to your psychological price; during a sideways market, it’s best to observe.
5. Use candlestick patterns for trading; buying on bearish candles and selling on bullish candles is a classic strategy. A bearish candle indicates a price correction, which is suitable for buying; a bullish candle indicates a short-term uptrend, which should prompt consideration of selling for profit.
6. Learn to think contrarily; remain calm when others are enthusiastic, and dare to decisively buy when others are panicking, as this can reveal overlooked opportunities.
7. The consolidation phase tests patience; when prices linger at high or low levels for a long time, do not act out of anxiety; wait for the trend to clarify before taking action.
8. When prices rise again after a period of consolidation at high levels, this is the last opportunity to make money, and one should act promptly, or it may slip away.
In summary, the key to success lies in execution rather than method. Protecting the principal is crucial, and one must also respond flexibly to market changes. Remember, while contending with the market, you are actually overcoming your own weaknesses. What seems risky may hide opportunities, while those seemingly attractive opportunities may actually be traps.
IP JASMY FLOKI
