A Cry of Blood and Tears from a Trader with 30 Million in the Crypto World: 9 Anti-Human Survival Rules to Help Beginners Avoid 99% of Pitfalls! (Part 2)
6. The Essential Law of Price Fluctuation: Extreme Conditions Must Reverse, Prosperity Must Decline
The market is like a spring; a slowly rising market often declines gently as well; while a rapidly rising trend is often accompanied by a waterfall-like drop. I understood this law after spending hundreds of thousands in tuition: the faster the rise, the sharper the fall. Learning to identify the rhythm of the market is key to avoiding fatal traps.
7. The Art of Stop-Loss: Be Decisive in Cutting Losses, Preserve the Green Mountains
When direction judgment is wrong, timely stop-loss is the only way out. Holding on stubbornly will only increase losses. In the crypto world, as long as the principal remains, there is always a chance. Remember, stop-loss is not a failure but a way to survive better. Those who dare to decisively cut losses often end up laughing last in the market.
8. Winning Tools for Short-Term Trading: The Golden Code in the 15-Minute Chart
When trading short-term, don't be misled by daily or weekly charts; the 15-minute K-line combined with the KDJ indicator often reveals short-term market trends. Accurately grasping the timing of golden crosses and dead crosses is much more reliable than blind trading. These subtle technical signals are important weapons for retail investors in the market.
9. The Ultimate Winning Weapon: Mindset Determines Success or Failure
Techniques can be learned, experience can be accumulated, but mindset is the key to determining the success or failure of trading. I have seen too many technically skilled players lose their composure at the first sign of market fluctuations, ultimately returning empty-handed. In the crypto world, those who can maintain a calm mindset and sleep soundly are the true winners.
The crypto world has never been a place to rely on luck; it is a battlefield that tests human nature and wisdom. These experiences may not make you rich overnight, but they can help you survive longer and go further in this cruel market. Remember, on the road to wealth, stability is more important than aggression, and being alive is more important than making money. When you truly understand and practice these rules, you will find that the crypto world is no longer a battlefield filled with fear, but a stage for achieving financial freedom. Editors share tips on short-term trading in the crypto world. What knowledge should beginners understand when starting in the crypto world? How to control risks when investing in the crypto world?
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