Preface
People often say that only when the tide goes out do you discover who’s been swimming naked. In the wave of blockchain, we see the light of the future; those WEB3 explorers who are heading for the stars and the sea are leading a profound transformation.
May every traveler: have less impatience for getting rich quickly and more patience for changing the world; engage less in zero-sum calculations and more in the wisdom of co-building ecosystems; maintain enthusiasm while not losing rational judgment.
In this great social experiment, may we become friends of time, steadfast anchors of value, and gentle lights illuminating each other's paths. Let’s stay away from the noise of speculative bubbles, delve deep into value creation, and jointly write the chapters that belong to the future.
Here are a few points that I hope will be helpful to everyone:
1. Mindset is key; emotions are pitfalls. Trading cryptocurrencies is not about IQ but about mindset! When the market crashes, a crumbling mindset leads to cutting losses and fleeing, only to find the next day that prices have rebounded, leaving one regretting the decision. Stay calm, discard emotional trading, and make every decision with rational clarity. A stable mindset leads to stable wealth!
2. Stop-loss and take-profit, double protection. Trading without a stop-loss is like driving without a seatbelt; it's only a matter of time before you crash! Set stop-loss lines decisively based on technical indicators (such as breaking key support) or fundamentals, without hesitation. When you earn expected profits, don't be greedy; take profits promptly and secure your gains. A dual approach will lead to a lasting smile!
3. Follow the trend; fighting against the market is deadly. The market is king; going against it will only lead to self-destruction! Take action only when the trend is clear, such as entering decisively when breaking resistance levels and retreating immediately upon trend reversal. Don’t fantasize about bottom-fishing or top-ticking; following the trend is the way to go. Remember: make big money by following the trend, lose your head by going against it!
4. Review and learn; evolve into a master. Trading cryptocurrencies is not about luck or throwing money around; it’s a skill! Review your trades daily and identify the logic behind your gains and losses: what worked and what didn’t. Keep an eye on industry trends, study technical indicators, and continuously upgrade your judgment. If you can’t learn to review, you’ll always be the market's fodder.