Summarize the insights of these years into eight maxims.
1. Skillfully Use Morning Market: In the morning, the sentiment in the cryptocurrency market is the purest; if the price drops sharply, don’t panic, this could be a good opportunity to 'pick up' at a low price; if the morning sees a strong upward surge, don’t get greedy; take the opportunity to sell for profit and lock in gains.
2. Master the Afternoon Strategy: If there’s a sudden surge in the afternoon, don’t get carried away and follow the trend; most of the time, it’s just a false alarm, and buying at high levels is risky; conversely, if there’s a significant drop in the afternoon, it’s wise to remain calm, observe for a while, and look for the right low point to enter the market the next day, which often leads to acquiring low-priced chips.
3. Steady Downward Mindset: If you wake up in the morning and see the cryptocurrency price plummeting, don’t rush to cut losses; the market changes rapidly, and morning fluctuations are often a 'smoke and mirrors' trick; if the market is stagnant and shows no ripples, don’t be anxious; take a break to recharge and wait for opportunities.
4. Strictly Adhere to Trading Rules: If the cryptocurrency in your hands hasn't reached the expected high, don't sell it easily; earning less is still a loss; if it hasn't dropped to your psychological price, hold back and don't buy recklessly to avoid catching the bottom halfway; as for the sideways phase, with chaotic trends and unclear direction, trading at this time is undoubtedly like a blind man touching an elephant; it’s better to watch from the sidelines.
5. Operate Based on Candlestick Patterns: Buy on bearish candles and sell on bullish candles, which is a classic strategy. A bearish candle indicates a price correction and cheaper chips, making it a good time to buy; a bullish candle signifies the formation of a short-term upward trend, so sell at a high to secure profits.
6. Reverse Thinking Breakthrough: To stand out in the cryptocurrency circle, sometimes you need to go against the grain. When everyone is enthusiastically chasing, remain a bit more calm; when everyone is in a panic selling, be a bit more decisive and dare to operate inversely, so that you can find niche opportunities for wealth outside the mainstream tide.
7. Endure the Consolidation Agony: When prices consolidate for a long time at high or low levels, it can be quite nerve-wracking. At this time, don’t let anxiety sweep you away into hasty actions; be patient and wait for clarity in the trend, whether it is an upward surge or a downward probe, then strike with full force.
8. Capture the High Tail: After a long period of sideways movement at a high level, once it starts to surge again, don’t hesitate; this is likely the last madness. Sell in time to grab the profits firmly in your hands, otherwise, it may slip away; a cooked duck might just fly away.
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