Not everyone can get rich trading coins, but at least don't always lose. Don't ask me why I understand, it's all lessons learned from spending money. In summary, there are actually these 10 points, remember them, not saying you'll definitely win, but at least you won't easily step on a landmine:
1. Those coins that are usually strong, if they drop for 9 days in a row, there's a high probability that they're about to hit bottom, if you can get in, don't miss out.
A significant drop will naturally rebound, especially strong coins are obvious, don't just be afraid of their drop.
2. If a coin has risen for two days in a row, you should consider selling part of it.
Retail investors love to chase after rising prices, but the result is often being trapped. If it rises too sharply, it’s likely to retrace, take your profits while you can.
3. Coins that surge more than 7% today usually still have some residual heat tomorrow, so don't rush to sell just yet.
However, pay attention to the market, if after the surge it can't go up, don't force it.
4. No matter how strong a coin is, don't chase it at high prices. Wait for it to retrace before getting in, otherwise if you're trapped, you'll really have nowhere to run.
Many people end up losing because of chasing high prices.
5. If a coin hasn't shown any movement for three consecutive days, wait another three days; if there's still no movement, switch coins.
The crypto market doesn't wait for anyone, time is also a cost, don't just stare at one coin and waste time.
6. If you lost a bit today, and tomorrow it hasn't even returned to yesterday's price? Just walk away.
Holding on will only lead to more losses, don't expect "it will definitely come back up."
7. The coins on the gainers list often start rising after three days. If a coin has risen for two days, you can consider buying on dips, around the fifth day is a good selling point.
Short-term timing is crucial, if you master it well, you can profit from others, otherwise, others will profit from you.
8. Trading volume is particularly key, volume is the lifeblood of a coin.
A sudden increase in volume at a low point may be an opportunity, but if there's high volume at a high point and it can't go up, it's time to run.
9. Only trade coins in an upward trend, it saves worry, effort, and time.
A 3-day moving average breakout is a short-term opportunity; a 30-day moving average breakout is a medium-term opportunity; a 120-day moving average breakout could be the main upward wave, just hold on and don't think too much.
10. Small funds are not a problem, being reckless is the biggest problem.
If the method is right and you patiently wait for opportunities, even small funds can grow big. Conversely, even large funds can quickly go to zero with reckless behavior.
The crypto market is not a casino, don't have a gambling mentality, don't be impulsive, take your time, it's more important than anything. Being able to control your actions is what makes a true expert.