《Experience Sharing》Is the primary market really profitable?
Whether it is profitable depends on your experience; it certainly cannot be earned overnight.
For someone like me, an experienced trader in the secondary market who understands the charts, I have also been trading daily in the primary market and studying for a whole year, paying a lot of tuition before stabilizing. I’ve taken notes and recorded experiences repeatedly, filtering through several pages in the end. You must understand that to fully grasp anything in the cryptocurrency world, you have to treat it like a "school."
Many of the smart money and whales making money are essentially lottery players; they chase after coins that are about to skyrocket. Most coins lose value while some can surge by dozens or even hundreds of times, but it can only be said that their bets are experienced, and their success rate is much higher than yours.
Thinking that the prices have dropped enough and believing they will skyrocket, only to jump in upon seeing these... all of this is gambling; if you guessed right after the fact, you’ll say you bought at a good position. Technical trading requires analyzing the charts, looking for volume at certain positions, checking for continuity, and predicting how high it will rise... this is how you truly earn money through skill.
Playing very short-term trades in the primary market, while closely observing the movements of smaller timeframes, is the safest approach. However, since you focus on smaller timeframes as your main strategy and larger timeframes as a supplement, you must not miss out on monitoring the market every minute. Otherwise, if you make a move in one wave and the next wave starts to surge, you cannot get distracted by other things as constantly monitoring and analyzing in real-time can be exhausting.
My few articles on the primary market can honestly be said to represent top-level profitable directions in the primary market. I express my sympathy for the newcomers, but of course, you need to conduct your own practical research on the details; I do not recommend lazy people to mix in the cryptocurrency circle.