1. Don't panic during a surge and crash
Sudden surge and drop indicate the market maker is accumulating, weak rebounds after a drop are likely to be distribution, chasing highs and cutting losses will definitely get you burned!
2. The news is all smoke and mirrors
Positive news at high levels = signal for market makers to flee, negative news at low levels = time to scoop up bargains secretly, doing the opposite is the right move!
3. Trading volume hides tricks
A high volume at new highs may be a 'false breakout', a rise without volume will definitely crash; observe the volume at the bottom first, continuous increase is the true reversal!
4. Remember the iron law against human nature
When everyone shouts to charge, I retreat; when collective despair hits, I buy the dip! Stick to mainstream coins and avoid junk coins, averaging down is just giving money to the market makers!
5. Making money relies on 'diligent effort'
Hold onto strong coins and let profits soar, choosing the right sector is 100 times more important than hard work, reject fantasies of getting rich quickly, compound interest is the real way!