The day that truly changed my fate was four years ago! Since then, I have regained everything I lost!
At that time, I organized all my trading records and looked through them carefully many times. My feelings were mixed, and the impression was deep. There were a total of over 1,000 trading records, of which nearly 700 were losses, and only about 300 were profits. Overall, it was still large losses and small gains, with over 200 being significant losses, so those years were generally a loss. In fact, just looking at this trading record reveals significant issues. The first reaction is greed; seeing those large losses reminds me of the circumstances at that time. I was unwilling to take profits and reluctant to cut losses, which fundamentally caused the large losses in the end.
There are also some small losses, mostly due to unclear current strategies, lack of control, operating with luck, insufficient research, and blindly entering the market. After many instances, the cumulative losses became significant, ultimately stemming from unclear or indecisive entry points. After summarizing, I realized that the truly good entry points should be at the starting point of the price rise. Many unclear entry points occur during range fluctuations when the situation is uncertain, leading to more instances of small losses, which ultimately result in being 'boiled like a frog' — by the time I realize it, it is already too late.
In the end, I summarized, reflected, listed problems, and thought a lot. I really invested all my thoughts into it, and later I carefully researched the techniques and practical knowledge, summarizing them into my own methods. Now I can use them with ease!
I also share this with my fans today, hoping it helps you. If you find it useful, remember to like and save it!
Because I have been through the rain, I want to hold an umbrella for everyone, heartfelt words ❤️
I once lost 80%, and I questioned my life, but I did not give up. I fell down and got back up, constantly summarizing my experiences. Now I can trade cryptocurrencies to support my family. Today, I share five golden rules and three market suggestions. Although the content is short, it is highly valuable, so remember to save it.
Rule 1:
Invest small amounts and avoid going all-in. The meme coin market differs from mainstream markets in that its high volatility means we should not 'go all-in.' Unlike traditional investments, the risk of projects going to zero here is extremely high, so small investments are the rational choice. An important meaning of investing small amounts is that even if problems arise with the project, losses can be controlled within an acceptable range. In the meme coin market, retaining enough 'back-up' is particularly important; this is not only key to protecting your principal but also a sign of alertness and respect for market risks.
Rule 2:
Take timely action and make decisive decisions. In the meme coin market, opportunities often disappear in an instant, and too much hesitation can cause you to miss potentially high-return projects. Decisive action is not about blindly following others, but is based on assessing projects and keenly grasping market dynamics. You must take responsibility for your judgments with every choice, but after making a choice, you must act quickly to seize opportunities in an uncertain market environment.
Rule 3:
Doubling profits and withdrawing the principal, the remaining part can gradually be converted to cash. In the meme coin market, it is crucial to have a clear exit strategy and profit targets. My consistent operating principle is to withdraw the principal immediately when the project doubles, so that even if the market fluctuates later, the profit portion is already locked in, avoiding damage to the principal. Additionally, if the project continues to rise, profits can be gradually taken, converting them in batches. This method not only ensures certain profits but also adapts to market uncertainties. The reason for using the principle of 'doubling the principal' in DEXX is that in the meme coin market, projects frequently experience drastic rises and falls. Once a project pulls back, both the principal and profits of investors may be damaged; hence, withdrawing the principal in a timely manner after reaching a profit target is a key means of controlling risk. It is important to note that not all projects need to be held long-term; unless specifically labeled, it is advised to exit at the target profit in a timely manner to ensure profits are secured.
Rule 4:
Diversify investments to reduce overall risk. In the high-risk meme coin market, diversifying investments is an effective strategy to avoid concentrated risks. For example, if you are preparing to invest 500 USDT/10 SOL/1 ETH, consider spreading it across 10 projects, investing $50 in each. This way, even if one project fails, it won't significantly impact the overall funds, and the loss can be easily absorbed. Many projects in the meme coin market have zero-risk potential, so diversification is an important means of controlling overall risk. If you can select projects from different industries and diversify among different types of cryptocurrencies, this method will further reduce the risk of a single project failure. Regardless of market conditions, diversifying investments is always a wise choice to cope with market fluctuations.
Rule 5:
Maintain patience and avoid rushing for success. In the meme coin market, it is crucial to have the psychological quality of not rushing for success. There are many opportunities in the cryptocurrency world, but not every day has suitable opportunities. Learning to wait and filter, making prepared choices is much more stable than blindly following others. Many investors, due to unstable mindsets, always want to profit quickly, but in the end, they might lose everything due to impatience. Opportunities in the meme coin market are indeed hard to capture, but as long as you wait patiently, you will always find suitable projects. Not rushing for success can maintain a clear investment mindset and avoid the 'greed trap.' You need to constantly remind yourself: there are many big ups and downs in the cryptocurrency world, and these are often illusions brought about by speculation. Maintaining patience and calmness is an essential path to success.
In addition to the above five rules, here are some experience suggestions for your reference. Through long-term market observation and summary, I have found the following points to be especially important to avoid pitfalls during operations.
1. Never catch the bottom:
The characteristics of meme coin market projects determine that we should not easily catch the bottom, especially for those projects that have experienced significant rises. Once they fall, they often head straight to zero. Maintain sensitivity to trends, and do not easily catch the bottom just because the price is low, as this can bring additional risks.
2. Familiarize yourself with the operating process:
Before conducting market operations, it is advised that every investor familiarize themselves with the process and avoid blindly following trends. Especially for internal operations, due to their unique nature, caution is required.
3. Closely monitor market dynamics:
Always pay attention to changes in the market and withdraw the principal at the right time. You can use some trading platforms' 'double the principal' settings to ensure the safety of your principal. The 'diamond hands' wealth stories circulating in the market are often just manipulations by the big players; do not be superstitious. In reality, big players often adjust their strategies based on the behavior of retail investors, so investors need to remain vigilant and not be easily misled by stories like 'buy 100 and earn 1 million.'
Every investor has their own unique trading strategy, but if you choose to join our team, please be sure to follow the strategies I recommend. These five rules are a summary of experience tested in the market, which can help everyone move forward more steadily in the meme coin market. Ultimately, market operations require strict discipline and adherence to rules, rather than being swayed by emotions. The correct trading strategy and strong execution are the keys to success.
Summary
I hope these five golden rules and three market suggestions can help you on your investment journey. Although the meme coin market is full of opportunities, its high risks cannot be ignored.
Maintain caution, control risks, and strictly adhere to discipline to move steadily in this highly volatile market and seize suitable opportunities.
Let us seek our own opportunities in the cryptocurrency market, avoid risks, and collectively reap abundant returns.