A Guide to Surviving in the Crypto World Worth a Maybach
I. Trading Mantras
Don't rush to build positions, wait for opportunities; be decisive when taking profits, don't be greedy;
Stay calm when holding positions, don't fidget!
A small pullback in an uptrend is an opportunity to enter,
A small rebound in a downtrend means it’s time to run!
Don't go all in at once! Gradually building positions is safer; going all in and out can lead to losses,
If a support level has been falling for a long time, it will definitely break, and if a resistance level has been rising for a long time, it will inevitably break, don't stubbornly hold on!
Don't try to make all the money; being 80% full is enough.
Bottom fishing and top selling are expert moves; we ordinary people shouldn't overthink it.
If the market rises sharply in the morning, reduce your position first; if it crashes in the morning, don’t panic and cut losses.
If there’s a big rise in the late session, take profits first; if there’s a big drop, wait until tomorrow, be cautious about chasing highs in the afternoon.
II. Psychological Rules
If you're stuck, don’t rush to add to your position; good coins will rise on their own,
No matter how much you add to a bad coin, it’s a trap, don’t get emotionally attached to coins!
Often, the coins you overlook suddenly soar, while the ones you trust don’t move at all.
Once you’ve made a trade, don’t dwell on it: if you sold too early, don’t regret it; if you missed out, don’t rush,
If you're stuck, don’t sigh; if you miss an opportunity, don’t force it.
The market opens every day, there are plenty of opportunities.
Position management is very important!
It’s recommended to hold 4-8 coins (based on your capital).
Too few means concentrated risk, too many means you can’t manage them; this quantity is just right.
I am Qing Di, skilled in medium and short-term contract trading, sharing investment tips daily. For detailed strategy teaching, contact @青帝ㅤ !