Important! Learn to Take Profit and Cut Losses!

The market changes rapidly, and you must learn to take profit and cut losses. This is not difficult to understand; taking profit involves controlling your greed. A cryptocurrency will not rise indefinitely, nor will it continuously fall; everything has a cycle. Therefore, taking profit becomes especially important. Don’t always worry about closing your position too early and missing out on future profits!

You must remember that the money in the crypto world is never-ending, but the money in your account can be lost completely. Cutting losses is about abandoning sunk costs, which can also be challenging. Don’t always think that by holding on, the market will reverse in the next second; never think like that.

If you’re wrong, you’re wrong. Admit your mistakes, and take the hits standing up. Although it hurts to break a limb to survive, it can truly save your life.

1. Don't be too greedy: In the crypto world, profits can never be exhausted. Maintaining a good mindset and taking timely profits is key.

2. Don’t be too fearful: As the market leader, Bitcoin won't easily crash, so keeping confidence is very important.

3. The main players have their difficulties too: They fear not being able to cash out, so it's crucial to follow the main market players' rhythm at critical moments.

4. Pay special attention to coins with increased volume at the bottom: This often indicates that new opportunities are brewing.

5. After a washout, there are opportunities: Sometimes, holding on a bit longer after a washout can lead to a significant market rise.

6. Mid-term holding is the way: Hold mainstream coins, sell at highs, buy at lows; rolling operations can effectively reduce costs.

7. Short-term operations should consider four factors: sentiment, popularity, candlestick patterns, and rising speed; grasping these can lead to precise operations.

8. Coins that are building a bottom are a safe choice: Coins that are in the process of bottoming are often favored by long-term investors due to their high safety.

9. Coins that are accelerating in price are the most worth watching: This is usually the result of main capital driving, and seizing the opportunity can yield profits.

10. Divergence signals are key: Divergence in technical indicators often indicates a trend reversal, which is much more worth paying attention to than the values.#币安HODLer空投ERA #山寨季來了？