I know an old veteran who entered the cryptocurrency market with 100,000 yuan and currently has a market value of 42 million. He once told me something that enlightened me. He said, 'This market is full of a crowd of people; if you just control your emotions, this market is an ATM!'
In the cryptocurrency market, having a trading strategy is your 'secret weapon'.
1. Blind confidence and indecision: Blind confidence leads to risks, while indecision causes precious opportunities to be missed.
2. If long-term holding is the cornerstone and short-term trading is the waves, then managing swings is the brilliant pearl.
3. Never easily invest all your funds at any time; this helps maintain a calm mindset and allows you to actively strike when needed and defensively hold when necessary.
4. Profit lies in the middle, let others take the lead at both ends.
5. Overtrading will inevitably lead to heavy losses; hesitation will gradually erode capital.
6. Trading requires a strong mindset first, strategy second, and technique can only be third.
7. Markets are born in despair, grow in hesitation, and end in madness.
8. Greed is an obstacle to profit; greed and fear are significant taboos in investing.
9. Opportunities emerge from declines; focus on the future, with cash in the lead.
10. Buy with confidence, hold with patience, and sell with determination.
11. There are no absolutely accurate indicators, only retail investors with partial understanding. Indicators are beneficial for those who know how to use them, but harmful for the confused.
12. If you trade without stop-loss, you will inevitably suffer heavy losses.
13. When others are fearful, we should be brave; when others are greedy, we should be cautious.
14. Novices focus on price, experienced traders pay attention to trading volume, and experts discern trends.
There are always two voices in the market: one tells you the market will fall, and the other tells you it will rise. There is never a day when the market will unanimously view it as bullish or bearish. Ultimately, the difficulty in making money lies not in the methods but in execution. In the cryptocurrency market, preserving capital is the most important. We cannot stick rigidly to conventions; flexibility is the key to long-term survival. We must realize that the overall market trend can be completely different from the performance of individual coins. On the surface, it seems we are fighting against the market, but in reality, we are battling our own human weaknesses. Those places that seem risky may actually hide opportunities; while those seemingly attractive opportunities could be carefully designed traps.
If you feel helpless and confused in trading right now, and want to learn more about the cryptocurrency world and cutting-edge information, follow me, and you won’t lose your way in this bull market! I have navigated the market for many years and understand the opportunities and traps within. If your investments haven't gone well and you're feeling frustrated, feel free to contact me.
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