1. East-West time difference: Stay up all night to monitor market trends; cryptocurrency trends are mainly concentrated around European and American time (Beijing time 21:30-7:30), and the early morning is when big rises occur! So, want to make money? Staying up late is a must! Sleep at 20:00, wake up at 4:00 to monitor the market; that’s the routine of a qualified trader.
2. Don't panic during daytime drops: Are foreign investors pushing the market while it drops in China during the day? Don’t be afraid! At 21:30, foreign investors come in and can pull it back in no time! Remember: daytime drops are opportunities to buy, and don't chase high prices during the day; it is very likely to drop back at night.
3. The deeper the spike, the stronger the signal: K-line spikes (long upper and lower shadows) are a common tactic of market makers; the deeper the spike, the stronger the reversal signal!
After a spike, it is often the best time to buy or sell; don't let the market makers trick you out!
4. News landing is bad news: Before major meetings or good news, prices will definitely rise, but once the news lands, it immediately drops back!
So, lay out your strategy in advance; when news breaks, run quickly, don't be greedy!
5. Heavy positions must lead to liquidation; light positions are the way to go: Holding heavy positions? Congratulations, you are already on the exchange's liquidation list! The market makers specifically target heavy position users, one pull and one crash, and you'll be liquidated in no time! Therefore, light and diversified positions are the way to survive!
Stop-loss leads to drops, take-profit leads to rises: After stopping losses on shorts, prices drop; after taking profits, prices rise. The market makers just don't want you to make money!
Thus, be cautious with stop-losses and take-profits; don't let the market makers lead you by the nose!
7. Just a little more to break even: Stop dreaming; about to break even? The rebound suddenly stopped! How could the market makers let you escape easily? So, when close to breaking even, reduce your positions appropriately; don't be greedy!
8. Excitement = waterfall warning: When you are overly excited, the waterfall is about to come! The market makers take advantage of your emotions to harvest you; staying calm is the way to go!
9. When you have no money, all circles are opportunities: When you're broke, every coin seems to be rising, and FOMO emotions are running high! But remember, 80% of the market is manipulated, don't enter easily; patience in waiting makes you a winner!
How can one survive long-term in the crypto space? To survive long-term and achieve success in the crypto space,
You can follow the following key strategies:
1. Risk management
Use spare money for investments and avoid using high leverage or loans.
Set stop-loss points; once the preset loss limit is reached, decisively sell to avoid further losses.
2. Investment strategy
Diversify investments: Don't put all your funds into one project; instead, diversify investments across different coins and projects to reduce risk. Hold long-term: For quality projects, hold for a longer time to leverage the effect of compound interest and achieve wealth growth. Sell at the right time: When the market is high and there are obvious bad news, it may be a good time to sell.
3. Information acquisition and processing
Establish your own information sources, such as CoinMarketCap++, Defillama++, etc., to obtain accurate market data.
Learn to distinguish the authenticity of information to avoid being misled by false information.
4. Psychological adjustment
Stay calm and don't be affected by short-term market fluctuations.
Set reasonable expectations to avoid over-trading and frequent operations.
5. Continuous learning
Regularly learn about blockchain technology and digital currency-related knowledge to keep up with industry developments, participate in community discussions, and exchange experiences with other investors to broaden your horizons.
6. Balance life and investment
Ensure that investment activities do not interfere with daily life and health.
Maintain physical and mental health to better cope with the challenges in the investment process.
Trading cryptocurrencies is akin to life; when you comprehend life, you also comprehend the cryptocurrency space. The principles are simple; knowing and acting in unison allows you to navigate smoothly and remain undefeated!
Keep watching me, and I believe you will avoid many detours!
