Summary of 8 Key Principles in the Crypto World Over 8 Years That Beginners Must Read!

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1. Skillfully Use Morning Market: Early morning is a time when market sentiment is very pure. If the price drops sharply, don't panic; this might be a good opportunity to 'pick up the bargains' at the bottom. If the price rises significantly in the morning, don't be greedy; take the opportunity to lock in profits.

2. Grasp Afternoon Strategy: If there is a sudden surge in the afternoon, don't let excitement cloud your judgment and follow the trend blindly; it's mostly false fire, and buying at high positions can lead to losses. Conversely, if there's a decline in the afternoon, it’s wise to remain calm, observe for a while, and enter the market at the next day's low point for potential gains.

3. Maintain a Steady Downward Mindset: If you wake up in the morning to see the price dropping, don’t rush to cut losses. The market changes rapidly, and morning fluctuations are often just 'smoke and mirrors.' If the market is stagnant with no movement, don’t be anxious; take a break and conserve your energy for better opportunities.

4. Strictly Adhere to Trading Principles: If the cryptocurrency you hold hasn't reached your expected high, don’t sell it off easily; earning less is still a loss. If it hasn't dropped to your psychological price point, keep your hands steady and avoid rash purchases to prevent buying at the halfway point. During sideways trading, where the trend is chaotic and direction unclear, trading is akin to blindfolded exploration; it’s better to observe from the sidelines.

5. Operate Based on Candlestick Patterns: Enter on a bearish candlestick and exit on a bullish one, which is a classic strategy. A bearish candlestick indicates a price correction, making it a good time to buy; a bullish candlestick signals a short-term upward trend, so take profits while you can.

6. Reverse Thinking to Break Through: To stand out in the crypto world, sometimes you must go against the grain. When everyone is fervently chasing, keep a cool head; when panic selling occurs, be bold and dare to operate contrarily to seek niche opportunities for wealth outside the mainstream.

7. Endure the Pain of Consolidation: Prices consolidating at high or low levels for a long time can be torturous. During this time, don't be swept up by anxiety and make hasty moves. Be patient and wait for the trend to clarify; whether it’s an upward surge or a downward dip, make your move when it’s clear.

8. Seize the Last Surge: After a long period of consolidation at high levels, once there’s another surge, don’t hesitate; it’s likely the final madness. Sell in time to secure your profits; otherwise, they may slip away, and the cooked duck could fly away.