After struggling in the crypto world for seven or eight years, I have transformed from a novice into an experienced trader, and now I have thirty million in my account. Here are some heartfelt experiences:
Don't be greedy when funds are tight.
If your capital is only around one hundred thousand, it's enough to catch a decent rise or fall every day. I've seen too many people who can't help but stare at the market 24 hours a day, only to exhaust their health without making any money. Remember, we are not robots; eat and sleep as needed.
Don't treat good news as a meal.
When encountering major positive news, don't get too excited. If you haven't exited by the end of the day, clear your positions quickly the next day at the opening. You know how the market is; good news can often be the start of bad news, so don't wait until the market turns to regret.
Remember to buckle your seatbelt before holidays.
When facing holidays or major policy adjustments, it's better to reduce positions in advance than anything else. If you're really unsure, go to cash and watch the show; wait for the storm to pass before entering to pick up bargains—there's no shame in that.
Long-term should be like practicing Tai Chi.
When playing the mid to long term, never go all in; keeping enough room for additional purchases is essential. I've seen brothers who went heavily invested and lost everything when the market fluctuated slightly, which was truly tragic.
Short-term requires quick actions.
In short-term trading, it’s crucial to be quick and decisive; when the market offers you something, seize the opportunity quickly, and stop when it starts to get sluggish. Don’t always think about buying at the lowest and selling at the highest; we are not gods.
The market is like a spring.
It rises slowly and falls slowly as well; if it starts to surge quickly, a waterfall could come out of nowhere. I’ve paid hundreds of thousands to learn this rule.
Cutting losses should be like cutting tofu.
If you see the direction is wrong, don’t stubbornly hold on; cutting losses in time is true mastery. As long as you keep your capital, you don’t have to worry about running out of fuel; there’s never a shortage of opportunities in this market.
The 15-minute chart hides treasures.
When trading short-term, don’t look at daily or weekly charts that are less useful; the 15-minute K-line combined with the KDJ indicator is far more effective. Finding the right timing for golden crosses and death crosses is a hundred times better than blindly trading with your eyes closed.
Mindset is the ultimate weapon.
Techniques can be learned, and experiences can be accumulated, but mindset is something innate. I've seen too many technically skilled traders who get shaky when the market fluctuates, and in the end, they earn less than the laid-back players. Remember, those who can sleep soundly with a smile in the crypto world are the real winners.