Having been in the crypto space for around ten years, I consider myself to have outlived 90% of the old-timers who trade contracts. From Ponzi schemes to leveraged trading, from arbitrage to being harvested by market makers, I've paid my tuition. Here, I share some real experiences earned through hard lessons:
1. Don't follow the trend to trade hot coins.
Those lesser-known coins that ride the hype should be sold quickly once you make a profit. Don’t think you can ride it all the way; small coins cannot keep rising indefinitely. Holding on will eventually see you fall back to reality. Just look at how many people were trapped by FIL and LUNA—it's a cautionary tale!
2. Be cautious during high-level consolidation.
If the price consolidates at a high level and then surges, it's time to prepare to retreat. Conversely, if it consolidates at a low level and suddenly makes a new low but quickly rebounds, it’s likely the market makers are just washing out positions, so you should hold steady.
3. Analyze the environment in counter-trend situations.
In a bear market, if the coin price stays stable, it's strong; a slight rebound may yield great surprises. In a bull market, if the coin price consolidates against the trend, it is more likely to fall further—that's the market operating against human nature.
4. Timing is crucial for adding positions.
Only add to your position when you're in profit; don’t stubbornly hold onto losing trades. Don’t imitate those who keep averaging down; that's not lowering costs but digging a pit for yourself. Remember: only add to profitable positions, and cut losses quickly.
5. Bottoming out has a rhythm.
Real bottoms rise for two days and fall one day, gradually pushing higher. Don’t get shaken out. Once the trend starts, the market makers will raise and wash the prices; at this point, holding steady is better than blindly trading.
6. Choose coins by looking at the big picture first.
Experts look at sector trends first, second-tier traders focus on individual coins, third-tier players watch indicator lines, while novices are just hoping for luck. Nowadays, trading coins should follow the industry's hot spots, like AI, blockchain gaming, and DePIN—picking the right sector gives you a head start.
7. Volume and price are hard facts.
All indicators follow price and trading volume; solely looking at MACD, KDJ, and the like can easily lead to mistakes. If the price surges without accompanying volume, it’s likely a false breakout—don’t rush to chase it.
8. Use support and resistance flexibly.
In an uptrend, look for support to buy low; in a downtrend, watch resistance to short. Don’t be rigid—for example, if Bitcoin stabilizes at 60,000, a pullback is a buying point; if it falls below 58,000 and can't bounce back, cut your losses without hesitation.
These insights are what I've distilled from years of real investment. At first, I was superstitious about various trading strategies, but later I realized that the market is always changing, and the only constant is human nature. Remember: Don't be greedy, don't be afraid, and don't compete with the market—surviving long enough is the real skill. If you apply these methods well, turning over your capital is just a matter of time. Keep up with my rhythm to experience a different circle.
Daily focus: OM SUI SOL FUN BTC
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