Over the years, I've summarized a few experiences, and today I'm sharing them all with you:
1. Controlling your hands is more important than anything else.
I've seen too many people who clearly know they shouldn't enter the market but can't help but buy in. At this point, no amount of technical analysis can help, just like knowing that eating late-night snacks will make you gain weight but still ordering takeout. First, stabilize your mindset before talking about anything else.
2. Don't be stubborn with a coin.
It's very normal for a coin you liked yesterday to turn sour today; the market can change faster than turning a page. We need to develop the ability to "be ruthless"; don't hesitate to take profits or cut losses. Friends with larger capital can try using the 30-minute chart for operations, making entry and exit relatively more relaxed.
3. If you're losing money, first look for reasons within yourself.
The market is always right; the only thing that's wrong is your judgment. After each operation, it's recommended to note down: Why did I buy? Why did I sell? How can I improve next time?
4. Wealth doesn't come from rushing.
The more desperate you are to get rich, the easier it is to get chopped like leeks. I've seen too many people who think the profits aren't enough when the market rises, but can't bear to cut losses when it falls, ultimately being led by the market. To put it bluntly, trading coins is really a process of battling your own greed.
5. Steady and gradual is the way to go.
Don't always fantasize about turning a bicycle into a motorcycle; the key is to build your own trading system. Do your homework before buying, and after buying, remain calm. When it's time to act, don’t hesitate. Remember, you are trading coins, not the coins trading you.
6. Be patient and wait for the flowers to bloom.
Those who chase hot trends and keep switching coins have seen little increase in their account balance. It's like farming; good seedlings take time to cultivate. I know a few who really made money, and they all held mainstream coins for two to three years.
7. Follow the rhythm.
The market is like a DJ spinning records, it has its own rhythm. Don't be timid when it's time to invest heavily, and don’t be greedy when it's time to step back. Observe the flow of funds more and avoid being misled by those "all-in" calls in the group. Get the rhythm right, and your account will naturally look good.
8. Compound interest is the hidden ace.
Don't underestimate a daily return of 1%; when calculated with compound interest, it can multiply more than thirty times in a year. Of course, this is just a theoretical value; the key is to maintain stable profits. Hone your skills, adjust your mindset, and time will surprise you.
Summary: These experiences have been gained through real investments. At the beginning, who hasn't paid some tuition to the exchange? The key is to continuously optimize your strategy in practice. The market will always be there; living longer is much more important than making quick profits.
RARE/BTC/BANANA
