8 years of trading coins by myself, summarized into 16 pieces of experience!
1. Choose altcoins during bull markets and buy BTC during bear markets; this is my secret recipe!
2. Pay close attention to coins with increased volume at the bottom; this is a signal for a potential launch, don't miss it!
3. For coins in an upward trend, the best time to buy is when they pull back to important moving averages; remember to seize the opportunity!
4. Avoid frequent trading; making a few correct big trend decisions in a year is enough, as greed can lead to significant losses!
5. You must control your positions well; never go all-in, leave some room for yourself to handle market changes!
6. Don't average down on losing junk coins; cutting losses in time is a wise move, don't let yourself get deeper into trouble!
7. News can only serve as a reference; don't blindly follow the crowd to gamble, or you will bear the consequences!
8. Never touch unfamiliar coins; focus on the fields you are familiar with to ensure stable success!
9. Don't be swayed by market emotions; stay calm and rational to make the right decisions!
10. When altcoins rise significantly, they will surely fall; when they fall a lot, they may not necessarily rise. Choosing wisely is crucial, keep your eyes open!
11. When most people are optimistic, it is often when the risk arises; remember this and don't let yourself become the bag holder!
12. Learn to be in cash, wait for clear market signals before entering; this can help avoid unnecessary losses!
13. Don't follow the hype; trends often come quickly and leave quickly, don't get trapped!
14. Have your own trading system and strictly follow it; this will help maintain stable returns!
15. Investing is a long-distance race; maintaining a good mindset will help you smile until the end, don't let yourself give up halfway!
16. Investing doesn't guarantee profits; there's a high probability of losses, so try to invest with spare money. When investing with spare money, your mindset will be better, and your chances of winning will increase. Remember this, don't let yourself fall into trouble because of investing!
