A truth about the crypto world: The less you care about price fluctuations, the easier it is to make money. The more you care, the easier it is to lose everything. This is called 'unintentional great use.' Don't focus all your attention on the results; focus on the process.
Those who have driven know that you start slowly, then drive fast, but eventually you still end up driving slowly again.
Trading is the same; when you first enter the crypto space, be cautious and carefully make some money, then you might feel confident and drive faster.
The more you play with larger positions and leverage, the more you end up losing in the end!
Some people have never driven before and jump in with the gas pedal floored. If they don't crash, it's a miracle.
Have a sense of reverence for trading and the market; often in the crypto space, slow is fast.
First, four 'don'ts': Don't do short-term trading, don't participate in contract trading, and avoid NFTs if possible.
Second, four 'musts': You must be clear about your position in the market cycle; you must not be affected by short-term price fluctuations; you must work hard to learn and study the fundamentals of the project; you must adhere to the concept of medium to long-term value investing.
Third, the focus of swing trading: Pay attention only to large swings; small swings can be ignored. For example, for assets with a market cap of less than 5 million, if the weekly line increases by more than 10 times, gradually liquidate; for assets with a market cap between 5 million and 50 million, if the weekly line increases by over 300%, sell heavily; for assets over 50 million, if the weekly line increases by over 200%, also sell heavily, then wait for a suitable low point to buy back. Planning for spot trading in a bull market, contract secrets, and free sharing.
Fourth, the timing of entry: Try to participate in early-stage, low market cap, unnoticed, illiquid assets that have not yet been listed on major exchanges. Timing for selling: When major influencers are recommending, there is heated discussion in the community, analysis on Twitter, and the weekly line is a large bullish candle with too high an increase. In short, buy when no one is paying attention and sell when everyone is discussing it enthusiastically.
Follow Biao Ge, he will help you turn the tables.
