Hold onto coins protected by the market makers!
When the market crashes hard, and your coins are still steady as a rock? Congratulations, this is the market maker protecting the price. Don’t impulsively sell; it’s likely to wake you up with joy later.
Newbies should focus on two vital indicators for trading.
Short-term: 15-minute candles + daily candles, hold on the way up, run away when it goes down, simple and straightforward.
Medium-term: Daily charts determine life and death; don’t bother with flashy indicators; the simpler, the more profitable.
If a short-term coin doesn’t rise in 3 days, switch to another.
Prices drop right after buying? Cut losses at 5%, don’t compete with the market. Coins that the market doesn’t recognize are like people who don’t love you; forcing it is useless.
A 9-day crash = rebound signal.
After the coin price is halved and then falls for 9 more days? It means the bears are exhausted; a rebound is imminent, act when it’s time to act.
Only play leading coins, don’t be the one left holding the bag.
The strongest risers are the leaders, and the ones that resist falling the most are still the leaders. Weak coins are like unredeemable investments; don’t be greedy and incur big losses.
Bottom fishing? Better to wait for the trend.
Falling coins are like jumping off a building; you think you’re bottom-fishing, but you’re actually halfway down. Trend is king; don't go against the market.
Don’t get carried away with profits; reviewing is the way.
A single profit might be luck, but continuous profit relies on real skill. After making money, ask yourself: was this skill or pure luck?
Being in cash is not shameful; reckless operations are deadly.
Being in cash at least doesn’t lose money; chaotic operations are equivalent to giving away money. Trading is not about speed, but about brains.
New coins can surge and plummet; be careful not to get cut.
New coins rely on hype to rise, but lack real strength to support it. Once the hype fades, it will teach you a lesson in no time.
In the crypto world, it's about faith.
The value of a coin depends on how many people believe in it. If many believe, it rises; if the consensus collapses, it goes to zero.
The core is just one sentence:
Follow the market makers, watch the trend, play the leaders, cut losses when necessary, and stay in cash when unsure.
Remember these, and it’s hard to lose money!
7 years ago, like all newbies, I watched Bitcoin rise from 789 to 19783 and got FOMO (fear of missing out) and jumped in with all my funds, only to see it plummet 40% a week later... But now my portfolio has outperformed the market by 470%, the key is - the rolling position manipulation method:
Adding to positions with floating profits: After obtaining floating profits, consider adding to your positions. But ensure that the cost basis has dropped to reduce the risk of losses. This does not mean blindly adding after making a profit, but rather doing so at the right moment.
Base position + T trading for rolling positions: Divide funds into several parts, leaving some as a base position unmovable, while using another part for high sell low buy operations.
Specific proportions can be chosen based on personal risk preference and capital scale. For example, you can choose half positions for rolling T trading, 30% for base positions for rolling T trading, or 70% for base positions for rolling T trading. This operation can reduce holding costs and increase returns.
The 'right moment' defined has two main types, in my opinion:
1. Increase positions during converging breakout trends, quickly reduce the addition after breaking through to catch the main rising wave.
2. Increase trend positions during pullbacks in the trend, such as buying in batches during pullbacks at moving averages.
There are various specific ways to roll positions, the most common is to achieve it through adjusting holdings. Traders can gradually reduce or increase their positions based on market changes to achieve profit. Traders can also use trading tools like leverage to amplify returns, but this also increases risk.
Three factors to pay attention to in trading:
First, the factor is mindset.
Secondly, it's the truth of human nature.
Thirdly, be diligent in learning and improving your understanding.
Survival guide for newbies: How to 'stay alive' in the crypto world?
Control your positions, leave enough bullets.
Never invest your entire capital at the beginning; leave yourself some room, maintain ample liquidity to cope with sudden market changes.
Stay away from high leverage, use contracts with caution.
Contract trading is extremely high-risk, especially for newbies; being liquidated is often just a matter of time. Don’t be tempted by short-term high returns; preserving your capital is key.
Focus on mainstream coins.
Mainstream coins like Bitcoin and Ethereum are relatively stable in volatility and have stronger risk resistance, suitable for newbies to accumulate assets through dollar-cost averaging or long-term holding.
Strictly take profits and set stop losses.
Greed and luck are the biggest enemies in the crypto world. Set reasonable take-profit and stop-loss points; be decisive when it's time to leave the market, don’t let profitable trades turn into losing trades, and don’t harbor unrealistic fantasies about losing trades.
Always keep stablecoins on hand.
Always keep a certain amount of stablecoins like USDT, USDC, etc., to respond to funding needs in emergencies and to enter the market quickly when opportunities arise.
Refuse to chase highs, stay rational.
There are market opportunities every day; missing one is okay; blindly chasing highs is the biggest risk. Stay calm, avoid being swayed by market emotions, and patiently wait for the real opportunities.
Why do we say that trading spot in the crypto world is not about making huge profits, but at least it's not easy to lose money?
As someone who started with 50,000 and achieved financial freedom in the crypto world, I am increasingly convinced of a fact: if you have enough knowledge about the crypto world, spot trading is a market where it is very difficult to lose money.
Of course, it also depends on the person. Newbies who just enter the market can easily incur losses by buying at high prices or trading emotionally; but once you have experienced two bull and bear cycles and truly understand the market, you'll find that spot trading is the real way to make steady profits.