Do not increase positions when the price rises, do not panic sell when it falls, make precise and minimal allocations without hesitation during tough times, act with your heart but not with your hands, only eat until you are 70% full and light positions can create miracles!
1. In the cryptocurrency market, prices move together; in a bull market, rising prices do not require value support, only a reason for the rise.
2. Don't discuss faith with altcoins; cut losses when necessary;
3. Time is a friend to major coins, but an enemy to altcoins,
4. The value foundation of altcoins lies in continuous innovation; once innovation stagnates, value will collapse. The value foundation of major coins lies in their invariability; if trapped in major coins, there will eventually be a chance to escape, but not necessarily with altcoins.
5. The only suitable left-side trading options are major coins and stablecoins; the biggest risk of altcoins is going to zero.
6. A healthy bull market starts with major coins standing out; therefore, build positions in major coins and Ethereum first, so you won't miss out on gains when prices rise and won't fear being trapped when they fall;
7. Altcoins lack defensive capability;
8. Do not increase positions when prices rise; position management is crucial—light positions for testing, and then add significantly after a rise. Playing this way makes it hard to lose money;
9. The position in major coins cannot be less than half.
10. When trading altcoins, actively take profits and sell;
11. If you fall in one place, get up in another; if you lose money here, earn it back somewhere else;
12. The biggest cost after being trapped is the opportunity cost;
13. The core of trading altcoins is knowing when to sell;
14. Only eat until you are 70% full; the tail of the fish is not so tasty; leave it for the market makers and wait for the leading coins to emerge before going for the more certain belly of the fish.
15. When trading altcoins, always keep light positions; heavy positions can ruin your mindset, and a bad mindset leads to reckless actions that cause losses!
Yingzhen will periodically share some cryptocurrency tips, hoping it can help everyone! #币安Alpha上新 $BTC