After ten years of trading coins, I endured three years of hardship but also reaped seven years of sweetness. This investment has now become my way of supporting my family. During this journey, I have explored six simple yet highly practical experiences, especially suitable for beginners to listen to.
First rule, focus on strong coins. When trading coins, we should keep our eyes on those coins that are performing well. If you are unsure, look at the 60-day moving average; if it's above, we enter the market or buy more; if it's below, we quickly withdraw. This trick works most of the time.
Second rule, never chase the highs. If a coin suddenly rises by more than 50%, don't rush to jump in. It's easy to feel anxious at that moment. On the contrary, buying at a low price is safer, with less risk, and the chances of making money in the future are even greater.
Third rule, learn to recognize bullish signals. Before a big rise, prices often fluctuate within a small range, around 10% to 20%, and the trading volume is usually low. At this time, you can try to slowly buy in at a low price; you might just catch the fast train of the upward trend.
Fourth rule, keep up with new hotspots. Once a new hotspot appears in the market, it will definitely be particularly hot in the first few days. At this time, if you follow those big money bags, you can generally earn something easily.
Fifth rule, stay calm when a bear market arrives. If a bear market comes, you need to stay steady and it's best not to act rashly for at least six months. During poor market conditions, trade less and rest more; this is the hallmark of a skilled trader.
Sixth rule, regularly review and adjust your strategy. Every week, look back at how you have operated; don't just focus on how much money you've made, it's important to assess whether your strategy is correct. If it's right, stick with it; if it's wrong, change it. After a few months, your trading strategy will definitely become more reliable.
Finally, don't forget that success doesn't just fall from the sky; it is for those who are always prepared. The same goes for trading coins; as long as you are willing to learn, observe, and adjust, you can also become that person who is always ready.
