9 years of trading cryptocurrencies, summarizing 16 key experiences
Use a few of these, and you'll be making money in the crypto world like a printing machine!
1. Choose altcoins during bull markets and hold BTC, ETH, and other mainstream coins during bear markets; this is my secret recipe!
2. Pay special attention to coins with volume at the bottom; this is a signal for a breakout, don't miss it!
3. For coins in an upward trend, when they pull back to important moving averages, that's the best time to buy; remember to seize the opportunity!
4. Don't trade frequently; making the right calls on a few major trends a year is enough; greed can lead to significant losses!
5. Always control your position; never go all-in; leave yourself some room to respond to market changes!
6. Don't average down on losing junk coins; cutting losses promptly is the wise choice, don't let yourself get deeper into trouble!
7. News can only serve as a reference; don't blindly follow the crowd, or you'll bear the consequences!
8. Never touch unfamiliar coins; focus on the areas you know well so you can secure a win!
9. Don't let market sentiment sway you; stay calm and rational to make the right decisions!
10. When altcoins rise too much, they will definitely fall; if they fall too much, they may not necessarily rise; choice is crucial, keep your eyes wide open!
11. When most people are optimistic, it often signals the arrival of risk; remember this, don't let yourself become the bag holder!
12. Learn to stay in cash, wait for clear market signals before entering; this will help you avoid unnecessary losses!
13. Don't follow the hype; trends often come quickly and leave just as fast; don't let yourself get stuck!
14. Have your own trading system and strictly adhere to it; this will help you maintain stable returns!
15. Investing is a long race; maintaining a good mindset will help you finish strong, don't give up halfway!
16. Investing doesn't guarantee profits; it's highly likely to incur losses, so try to use idle funds for investments; using spare money will keep your mindset positive, increasing your chances of winning. Remember this, don't let yourself fall into difficulties because of investing!
