Advice from an 8-year veteran in the crypto world
16 lessons learned from 8 years of trading!
1. Choose altcoins in a bull market, buy BTC in a bear market – this is my secret recipe!
2. Pay close attention to coins that show volume at the bottom; this is a signal to start, don't miss it!
3. For coins in an uptrend, the best time to buy is when they pull back to important moving averages; remember to seize the opportunity!
4. Do not trade frequently; making a few correct decisions on major trends throughout the year is enough; greed can lead to significant losses!
5. Manage your position well; never go all-in, leave yourself some room to adapt to market changes!
6. Do not average down on losing junk coins; timely stop-loss is wise, don’t let yourself sink deeper!
7. News can only be a reference, do not blindly follow the trend, otherwise, you'll bear the consequences!
8. Avoid unfamiliar coins; focus on the segments you know well to ensure a steady win!
9. Don't be swayed by market emotions; maintain calmness and rationality to make the right decisions!
10. When altcoins have risen a lot, they will certainly fall; when they drop a lot, they won’t necessarily rise; choosing is crucial, keep your eyes open!
11. When most people are optimistic, it's often when the risks are coming; remember this and don't become the bag holder!
12. Learn to stay in cash, wait for clear market signals before entering, this helps avoid unnecessary losses!
13. Don't chase hot trends; they often come quickly and leave just as fast, don't let yourself get trapped!
14. Have your own trading system and stick to it strictly, this will help maintain stable returns!
15. Investing is a long race; maintaining a good mindset ensures you finish strong, don’t give up halfway!
16. Investing doesn't guarantee profit, there's a high probability of loss; so try to invest with spare money; with spare money, your mindset will be better, increasing your chances of winning.
