In this turbulent sea of the crypto world, true experts do not rely solely on technology to dominate; instead, they rely on a profound understanding of market rules and strict adherence to them. These are the six iron rules I have always followed, shared with those fortunate enough to receive them, so that you too can navigate the path of trading coins with ease and manage risks effortlessly!
The fluctuations are unpredictable, mindset is king: Don't hastily declare a peak during an uptrend, and don’t assert a bottom during a downtrend. Just like whether Bitcoin can stand at 150,000 USD, the answer can only be revealed when the market is crazy. What you think is the bottom may only be a temporary pause; the true bottom is always unfathomable.
2: Build positions in batches, stability is key: Experts never rush to succeed when building positions; they control each buy and sell within one percent. This strategy gives them more opportunities to make mistakes, resulting in lower costs and smaller risks.
3: Dare to chase highs, achieve greatness: In the crypto world, fearing heights makes one a miserable person. One must understand that the cost for the main players in a cryptocurrency is far from what you imagine – there are promotional costs, chip costs, development costs, etc., all of which are multiple times, even dozens of times, the investment. Therefore, daring to chase highs is essential to seize true opportunities.
4: Bull market turnaround, don't miss the chance: The bull market is the only opportunity for a turnaround. Just like Buffett, even if he is incredibly smart, missing the bull market means he can only wait silently in a bear market. Thus, in the crypto world, seizing the bull market is seizing the key to wealth.
5: Technical indicators, for reference only: Technical indicators are often lagging and can only serve as a reference rather than the main basis for buying or selling. While technical indicators may look good during a strong uptrend, by that time, the price is already high, and chasing after it requires caution.
6: Full of confidence, unafraid of the market: True trading experts are full of confidence; they have experienced losses but have never been defeated. They firmly believe that they will eventually overcome the market; this belief is the key to their success.
Trading coins is not only a contest of technology and luck, but also a test of mentality and wisdom. Only those who master these iron rules and strictly abide by them can stand undefeated in the crypto world!
If you are new to the market, come find me, follow me, and I will teach you how to learn while operating; if you are already in it and it's not ideal, you can come to me for help, and I won't let you make the same mistakes again. If your position is trapped, I will help you devise a reasonable untrapping strategy based on your entry point. Each person’s trapped position is different, and the methods of untrapping will also vary; some are suitable for conservative investors while others for aggressive ones. I will certainly use the most appropriate methods to effectively solve your problems and assist you in exiting.
