1. Be indifferent to price fluctuations and profits.

Since 2013 and 2014, the nearly ten years of cryptocurrency trading have experienced two bull markets, with the excitement of significant rises and the despair during major declines. Those with such experiences should maintain a more indifferent mindset.

Price fluctuations are the norm in the market; there are no markets that don’t rise, nor are there individual coins that don’t fall. When the coins you hold rise and fall consecutively (and often more stagnate), your mindset should be more rational than that of new investors, knowing what mindset to adopt when such trends occur, and what technical methods to use, instead of being overly anxious and confused.

2. Understand the trend and learn to rest!

It's a cliché, but after nearly ten years of cryptocurrency trading, one should have a judgment on the overall trend and market conditions, knowing what stage of the market we are currently in. This judgment ability is a prerequisite for determining your profits and losses.

Some people always feel that, although the market is not good, there are still a few coins hitting the limit, and they think that selecting such few coins is the key to successful trading. Wake up! It’s too difficult to choose from the few coins that rise sharply, aside from new coins... It’s better to use this mindset to recognize the overall situation and profit when the market is on an upward trend—that is the right way!

When the market is not good, it’s better to calm down and take a break, to see why the market is not good, to identify the factors causing negative influences, how long these factors can last, and to calculate when the next wave of price increases will arrive. Which sectors and opportunities can drive the next round of market resurgence? Grasp the opportunities in secret, wait for the right moment, adjust your mindset and operations—this is indeed a correct choice.

Realized how important learning is (key point)

Almost all new investors have had the thought that when someone advises them to learn, they will think, 'Use your method to directly give me a coin that will rise sharply.' If someone gives it to them, they will decisively buy without question, and what happens? ... I believe many seasoned investors have had similar experiences. However, even if you give a coin to a veteran investor, they will carefully study it at home and seriously consider whether it is worth investing in.

Veteran investors have moved past that 'self-righteous' phase; they understand that making money in the crypto space is not easy. They must master their own methods and no longer view the 'coin pool' touted by any expert as a treasure. They pay more attention to the coin selection logic, operational methods, technical theories, and position management methods of the experts.

They believe they have mastered many methods and have their own operational systems. Applying these in cryptocurrency trading for practical use is their true wealth.

Because the market changes every day, no one can consistently pick the coins that hit the limit every day. However, the only way to likely outperform the market and avoid risks is through one’s own operational skills.

To get back to the point, the above points are the foundation that successful investors should have. If you have been in the crypto space for years and are still losing money, take a look at whether you have grasped the above points. If you haven't, don't lose heart. The Chinese cryptocurrency market will exist for a long time, and we still have many opportunities to make money.

The nine major rules of the market that every beginner must know, read to avoid three years of detours:

Do not easily sell low-priced chips: Firm belief, be wary of manipulators suppressing the market through collusion, and hold onto your low-priced chips.

Chasing highs and cutting losses is a major taboo: Avoid full position trades. When the overall trend is good, building positions in batches is less risky than chasing highs, at a lower cost and higher profit.

Reasonable profit allocation: Use funds wisely to maximize profit release, rather than blindly increasing positions.

Rapid rises take back the principal, and rapid falls protect the coins: Maintain a good mindset, avoid speculation, impatience, greed, and fear, and prevent unprepared battles.

Grasp the market rhythm: The early ambush of low-priced coins or private placements relies on experience and betting on the future of the project, while the subsequent secondary market competition relies on technology and information. Do not reverse the principles, leading to chaos.

Segmented position building and segmented selling: Gradually widen the price range to reasonably control the risk and profit ratio.

Understand the linkage effect: Pay attention to the cryptocurrency market trends during trading and note the movements of other coins. The market is complex and interconnected; using tools for in-depth analysis helps better grasp market opportunities.

Reasonable allocation of positions: The positions in hot coins and value coins need to be reasonably matched to maintain balance. Being too conservative may miss opportunities, while being too aggressive comes with high risks. Value coins should focus on stability, while hot coins are highly volatile, potentially doubling overnight or going to zero.

Investing with spare cash ensures safety: Maintain spare cash for investment, rational positions, and sufficient account funds to ensure a stable investment mindset. Reasonable risk control and capital allocation are key to success.

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