Many people have spent years in the cryptocurrency circle, only to quietly exit in the end, not because they missed the bull market, but because they fell victim to the most basic mistakes.
I have always believed that the dumbest way to trade cryptocurrency is often the most effective. But this path is too slow, too tedious, and the vast majority of people cannot stick with it.
Because they can never escape these three major "common problems":
⚠️ First, chasing after rising prices and selling at lows. As soon as they see a coin rise, they rush in, fantasizing that it will continue to soar, only to buy at a high point, panic when it falls, and miss out on rebounds. Only those who can get used to buying during downturns and selling at peaks truly reap the benefits of the cycle.
⚠️ Second, heavily betting on direction. The direction may be correct, but if the main players shake the market a few times, they get forced out, not because they made a wrong judgment, but because they couldn't hold on.
⚠️ Third, emotionally going all in. Getting overly excited and going all in loses the flexibility to adjust positions. Even if they are right, they can't move their funds, and when opportunities arise, they can only feel anxious.
Ultimately, in the cryptocurrency circle, what loses is never the market, but the habits.
I have summarized a set of short-term "six-character mantra": the principles are simple but often overlooked:
1⃣️ High position consolidation is not over, new highs often follow; low position fluctuations are hard to stop, easily leading to new lows. Don't act before the market changes.
2⃣️ Don't enter the market when it is in a sideways phase. Most people die in fluctuations.
3⃣️ Buy on daily bearish closes, sell on bullish closes. Following market sentiment is better than subjective judgment.
4⃣️ Slow declines are hard to bounce back from, while sharp declines are easy to reverse. Understanding the rhythm is key to seizing opportunities.
5⃣️ Build positions like a pyramid, enter in batches, and always keep some bullets.
6⃣️ After large rises and falls, there must be fluctuations, and after fluctuations, there will definitely be market changes. Don't bet at extreme positions; wait for signals to act.
The market is not short of opportunities; what is lacking are those who can endure, can wait, can observe, and can survive.