Short-term trading of cryptocurrencies, you must remember these three iron rules!
First, if you make money, you must protect your profits. For example, if you buy a coin and it rises more than 10%, you need to be careful. Set a rule for yourself: if the price drops back to your purchase price, sell immediately without hesitation! If you make 20%, you need to be even more cautious; at least ensure you secure a 10% profit before acting. The more you earn, the higher your baseline should be. For instance, if you make 30%, then if it drops to a point where you only make 15%, you must sell. This way, even if you don't accurately judge the peak, you can still let the profits roll in.
Secondly, if you lose money, you must cut your losses in time. For example, if you buy a coin and end up losing 15%, don't hesitate; cut your losses and exit. Don't think about waiting for it to come back up; if you're wrong, you have to admit it and bear the loss. Remember, whenever you open a position, you must set a stop-loss; this is a fundamental skill in trading cryptocurrencies.
Finally, buy back at the original price, don't miss out. If you sell a coin and it drops, but you still have faith in it, wait for it to drop to a certain level, then buy back the same amount of coins. This way, your coin quantity remains unchanged, but you have more funds available. If it doesn't drop after you sell and instead rises back to your selling price, you must unconditionally buy it back. Although you might waste some transaction fees, it's better than missing out. This principle can be used alongside the stop-loss principle: buy back when it rises, cut losses when it drops. Try this several times, and you'll be able to find your own suitable buying and selling points.
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5 Ways to Avoid Emotions Interfering with Trading Decisions
1. Don't Set Your Goals Too High For example, if you want to get fit, and you set a goal of doing 100 push-ups on the first day, you might give up quickly. However, if you set a goal of doing 1 push-up a day for 100 days, isn't it easier to stick with it? Therefore, before trading, we shouldn't set outcome-based goals, but rather process-oriented goals. For instance, to eliminate emotions in trading, for the next four weeks, whenever I see a big bearish or bullish candle, I aim to not chase the market at least 70% of the time. This is an achievable goal that allows for gradual improvement of personal issues;
2. Relax and Think Calmly Learn to pause, relax yourself, and think calmly. When you feel emotions rising, halt trading activities, close your eyes, take a few deep breaths, and focus on the sensation of your breathing. This simple exercise can help calm you down to some extent, allowing you to view the market situation with a clearer mind. Here, I can provide you with a mindfulness practice audio to help you quickly calm down!
3. Self-Soothing Trading is not everything in life; you play various roles, such as a wife, husband, or teacher. Even if you make a losing trade, it does not affect your ability to be a good wife, doctor, or teacher. Thus, a losing trade does not lead you to a dead end. Even in failure, learn to first accept and affirm that you did not make a mistake; it could very well be a probabilistic stop loss. Learn to reward yourself with small positive tokens instead of negative ones.
4. Seek Support and Help When facing trading failures, you can seek out traders who resonate with you to share experiences and insights, finding inspiration or encouragement from others' experiences. Avoid only befriending those who flaunt their profits and remain silent during losses.
5. Self-Awareness of Energy Levels Before trading, clarify your daily energy levels—when you feel strong and when you feel weak. For example, if you notice that you are easily fatigued in the morning but energetic in the afternoon, it is clear that trading should be scheduled for the afternoon, while the morning can be used for other activities.
Nine Things Not to Do After Achieving Financial Freedom in the Crypto World:
First, do not let people around you know that you are trading cryptocurrencies; there are many reasons for this, and those who understand will naturally understand.
Second, do not let others know how much money you have made; do not flaunt profit charts or asset charts to avoid unnecessary trouble.
Third, do not post about your wealthy lifestyle on social media; aside from your closest relatives, no one wishes you well, and showing off can easily invite envy.
Fourth, after acquiring significant wealth, keep your distance from people you used to know. Many big players in the crypto world, after achieving financial freedom during the bull markets of 2013, 2017, or 2021, did the first thing: they quit their jobs and never went back. The second thing they did was delete anyone they could from their previous contacts.
Fifth, do not engage in gambling or drugs; gambling can destroy you psychologically, while drugs can destroy you physically.
Sixth, do not insult others; value harmony, as anger can affect your financial luck. Stay away from negative people who drain your energy, and if you encounter disagreements, just block and delete them; even one extra punctuation mark is a waste of time.
Seventh, do not actively do good deeds or pity anyone; let go of the urge to help, and respect others' destinies. Just focus on yourself, and let everything else happen naturally.
Eighth, do not invest randomly in unfamiliar areas; one cannot earn money beyond their understanding.
Ninth, absolutely do not engage in physical entrepreneurship unless you do it for fun and not for profit. Given the current economic environment, physical entrepreneurship has a high risk of failure.
These are some key aspects to understand before entering the crypto world, but they are just a starting point.
In the crypto world, continuous learning and maintaining a cautious attitude are very important.
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How to Grow Small Capital Many people have misconceptions about trading. For example, they believe that small capital should focus on short-term trading to grow their funds. This is a complete misconception. This kind of thinking is essentially trying to exchange time for space, hoping to get rich overnight. Small capital should focus on medium to long-term investing to grow. Is a piece of paper thin enough? If you fold a piece of paper 27 times, it becomes 13 kilometers thick. If you fold it 10 more times, it will be thicker than the Earth. If you fold it 105 times, the entire universe won't be able to contain it. If you have 30,000 in capital, you should think about how to triple it in one wave, and then triple it again in the next wave... then you will have four or five hundred thousand. Instead of thinking about making 10% today and 20% tomorrow... this will eventually lead to your downfall. If you only have 5,000, do you think you can't make it in the crypto world? Let me tell you, with this amount, if played well, you can still thrive! In the crypto world, there is only one path to turn a few thousand into one million in capital.
That is rolling the warehouse. Once you have one million in capital, you will find that your whole life seems different. Even if you don't use leverage, a 20% increase in spot trading will yield 200,000, which is already the ceiling of annual income for most people. Moreover, when you can grow from tens of thousands to one million, you will start to grasp some ideas and logic about making big money. At this point, your mindset will also calm down a lot, and from then on, it's just a matter of copying and pasting. Don't always think about tens of millions or hundreds of millions; you need to start from your actual situation. Blowing your own horn only makes yourself comfortable. Trading requires the ability to recognize the size of opportunities. You can't always trade with a light position, nor can you always trade with a heavy position. Usually, play with small positions, and when a big opportunity comes, then you pull out the big guns. For example, rolling the warehouse can only be operated when a big opportunity arises. You can't always roll; it's okay to miss some, because you only need to succeed in rolling three or four times in your lifetime to go from zero to tens of millions. Tens of millions are enough for an ordinary person to join the ranks of the wealthy.
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First, when trading cryptocurrencies, do not do three things: The first is to never operate with a full position. If you operate with a full position, you will become very passive, just like when we pursue someone. If we break that barrier and make things clear, it can become quite awkward. The best times in a relationship are during the ambiguous phase. The same principle applies to cryptocurrency trading; having a full position puts you in a passive state because the market never lacks opportunities, and the cost of a full position is very high. What we need to do is to use a small amount of capital to gain greater returns.
The second is to never bet on a single cryptocurrency. Even if you are very optimistic about a particular coin, do not put all your eggs in one basket. Always maintain a sense of respect when investing. I usually hold three different stocks, each from different industries, choosing one leading coin in each sector. Friends who know the captain understand that he only trades strong coins. What defines a strong coin? Without a doubt, it is the industry leader.
The third is to never use leverage. If you want to become wealthy overnight, what awaits you is failure. Once you fail, it could take at least three years, and possibly up to six years or even longer, to return to your original peak. However, in our lifetime, we have a limited amount of time; how many ten-year spans do you have that can withstand your own turmoil?
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My classmate who bought Bitcoin is worth over 100 million. D is my high school classmate. We worked in Guangzhou after graduation, but we didn't interact much. It's been almost 10 years since we last met (I'm not sure exactly). After dinner, he said mysteriously, "Come to my house and I'll show you something cool." When I went over, I saw several rows of computers with flashing lights and densely packed cables. Then he said that these were mining machines that could mine a digital currency called "Bitcoin", which would be extremely valuable in the future. The next time I heard from D was two weeks ago. He updated his circle of friends and drove a Mercedes-Benz across North America. I heard from my classmates that D made tens of millions of dollars from Bitcoin and became financially free. Now he spends his days playing around the world and speculating in coins. In fact, people who achieve financial freedom through Bitcoin have extremely simple methods. In the currency circle, you only need to hoard Bitcoin. Hoarding Bitcoin is a positive-sum game. Everyone will profit as Bitcoin grows and develops. In the past ten years, Bitcoin has never let down anyone who believes in it. But hoarding coins is usually not suitable for young people. When you are young, you lack money the most, so the faster you make money, the better. This is why there are so many young people in the currency circle, and the post-00s in the Tibetan circle are the main leeks. They want to be quick and easy to cut. They are quick in and out. Anyway, it is all gambling, so of course they can only lose... Persistence is difficult but very happy. Looking back, you will definitely gain a lot. Why do so many people speculate in coins? Can you make money? It’s not that you are so awesome or powerful, but that you choose to be minimalist, slow, and become a coin hoarder. In this market full of crazy people, you can’t succeed? Value, 99% of people who play coins never look at this thing, because they think it’s empty, and they pay more attention to how much money they can make in a short time, and how many times they can make. Brother, wake up, are you the father of the project? He himself doesn’t know where the future is, how can you predict it for him, are you full or thinking too much? I always believe that time will give everyone the answer. There is no doubt that you should hoard coins. History has proven this extremely simple strategy to be absolutely correct more than once. The key is whether you have enough patience and faith? Do you believe that this thing can definitely make money? Will it definitely bring you a future? This is very important! If speculating in cryptocurrencies is about making money, hoarding cryptocurrencies is about picking up money.
After much trial and error, I have summarized 6 iron rules. The content is not much, but the value is significant. If you find it unreasonable after reading, feel free to say whatever you want! 1. Each time you enter the market to buy or sell, the loss should not exceed one-tenth of your capital. This way, even if you are wrong every time, you still have 10 chances to play. For example, some friends trade contracts; it's best to use only 1/10 leverage at a time. As long as there is one chance to multiply by 10, you can break even. Of course, I still hope that newcomers do not trade contracts. 2. Always set stop-loss points to reduce potential losses from trading mistakes. Stop-loss is very important; newcomers may not feel its depth. Stop-loss can prevent unnecessary huge losses caused by unexpected events like black swans, such as the USDT crash, which is completely unpredictable. At that time, almost everyone who shorted got wiped out. Moreover, the cryptocurrency market operates 24 hours a day. Without taking profits or stopping losses, it is very risky to trade blindly in the market, leading to sleepless nights. Setting a stop-loss and knowing the maximum loss can provide much safety. 3. Never overtrade. The trading frequency should be low, ideally reduced to 1-2 times a week. Newcomers who want to train can practice with simulated funds or use very small amounts to accumulate experience. However, for normal accounts, you must wait for the right opportunity. Trading opportunities are actually very rare. 4. Never let a profitable position turn into a loss. It is particularly regrettable when many people have profitable trades that turn into losses. How to handle profitable trades so that they do not turn into losses? It’s simple: when there’s a certain profit percentage, you must set a breakeven stop-loss. For example, if you buy at 10 and it rises to 13, you can set the stop-loss at 10 or 11. This way, even if the market reverses, you can protect your principal from losses. 5. Never go against the market trend. When the market trend is not clear, it is better to watch from the sidelines. Going with the trend means trading in the direction of the market. The definition of this trend varies for everyone, depending on their trading cycle and reference indicators. Some may use the 20-day moving average on the daily chart, while others may use the 60 moving average on the hourly chart. It varies from person to person. Only enter the market when the direction is clear; mistakes will be significantly reduced. 6. If you have doubts, close your position and exit. Be decisive when entering the market; do not enter when you are indecisive. This is something you must understand yourself. Whether you can hold a position is crucially based on confidence and trading psychology. If holding the position keeps you awake at night, it’s better not to trade.
Many fans have mentioned that when they first start playing, they don't know how to operate. When you just come in, the capital is less than 1000U, and you ask me for good strategies. Today, I will share my suggestions. For example, if you have 1000U, divide it into 10 parts, and invest 100U each time, with a recommended leverage of 20X. Newcomers find it hard to control their mindset with too high a multiple. Keep the remaining 900U in the financial account. If you lose 100U, you must not think about adding more funds. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Don't be afraid to miss out on market opportunities; Bitcoin's fluctuations are always there. There are significant fluctuations every month, and whether you have the opportunity to play depends on your luck. Once you adjust well, you can divide the remaining 900U by 10 to make each part 90U, and then invest again. This time, you need to be more careful to try to earn this money back. Suppose you earn 300U this time; you will keep 100U and transfer all of the remaining 200U out. This way, you will feel more secure, and your mindset will improve a lot. Do not invest everything at once; if a black swan event occurs in the market, you will lose everything in one go. You will be starting over. Objectively speaking, when doing contract trading, just open 10X. If your direction is wrong and it drops 10%, you will be liquidated. Even for BTC, a 20% fluctuation in a year is very normal. If you are fully invested every time, then no matter how much you earn before, it will be meaningless; in the end, it will all go to zero. Walking by the river often, no one can guarantee that they will be right every time. A great trader with a 60% success rate is already impressive. Therefore, position management is very important. Even if you have a 90% win rate, one mistake can lead to irreversible consequences.
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The long-lost 'Crocodile Strategy' in the crypto world, please keep it! 'Crocodile Principle' - the trading rule of the greatest traders, a useful and simple trading rule - 'Crocodile Principle'. This principle is derived from the way crocodiles swallow: the more the prey struggles, the more the crocodile gains. Suppose a crocodile bites your foot; if you try to break free with your arm, it will bite both your foot and your arm. The more you struggle, the deeper you get trapped. So, if a crocodile bites your foot, remember: your only chance of survival is to sacrifice one foot. The Crocodile Strategy is as follows: 1. Take out idle money that you won't need for a year to the best of your ability; 2. Strictly select valuable coins and prepare a capital allocation plan; 3. Build positions in batches; no all-in! No all-in! No all-in! 4. Act according to the situation; in special market conditions, you must reduce positions or even go to cash; 5. Prevent missing out on long positions, profit-taking in mid-term, and aim for a modest gain in the short term; 6. Must strictly follow the 'Crocodile 4321' strategy. Crocodile 4321 Strategy Implementation ① 4: Leave at least 40% of your total capital for adding to long-term coins, specifically, for every 10% drop in a long-term coin, add 10% of the allocated funds for that coin (for example: if planning to invest 400,000 in BTC, after the first purchase of 120,000, add 40,000 for every 10% drop). ② 3: Allocate 30% of total funds to long-term valuable coins; under normal circumstances, only add positions, do not cut losses (for example: planning a total investment of 1,000,000, invest 400,000 in BTC, 300,000 in ETH, and 300,000 in BNB; the first actual allocation is 300,000, with 120,000 in BTC, 90,000 in ETH, and 90,000 in BNB); ③ 2: Use 20% of funds to deploy mid-to-long-term valuable coins, with profit-taking and stop-loss around 20%; ④ 1: Use 10% of funds for short-term trading, quick in and out, with profit-taking and stop-loss around 5%-10%. Now that you have the overall capital allocation plan, do you feel more stable? But is there a strategy for buying? There really is! This is the batch 343 position building method: Once you determine the coins you are ready to purchase and have your cash ready, for example, the first actual allocation is 300,000, with 120,000 for BTC. ① 3: This means using 30% of the current funds to build positions, which is 36,000 (12 multiplied by 0.3) for the first position; ② 4: If the price starts to rise after building the position, wait for the price to pull back, do not rush to add positions; after the price pullback, add positions using 40% of the current funds (any rise has a pullback).
Any transaction is just trial and error, which determines that putting all your eggs in one basket may suffer significant blows.
Therefore, attacking in batches is the best strategy. According to the established position funds, a 1:2:1 strategy can be adopted. From experience, intraday contract trading is suitable for several time frames of candlesticks: 1 minute, 3 minutes, and 5 minutes.
1 Minute: Commonly known as "snatching hats." This trading method obtains profits from extremely short trading opportunities, requiring traders to have no patience. Quick in and out. Generally, each profit is not too much, and the stop-loss points set during trading are also few.
In addition, in this trading method, the transaction fees account for a large proportion of profits, and it is generally suitable for low-fee or intraday closing trades. Another point to note is that some varieties of 1-minute candlesticks are not very active, so traders should try to avoid these varieties.
3 Minutes: The 3-minute candlestick is used by many intraday traders during this time period, and there are many trading opportunities every day. The price of the currency is set within a fluctuation range, and the fluctuation range also has a certain trend, avoiding the situation where some indicators become ineffective due to excessive fluctuations in the 1-minute candlestick.
This trading operation method allows for setting larger profit targets for each trade, and the stop-loss range can also be widened appropriately.
5 Minutes: On the basis of the 3-minute candlestick, operations can be further stabilized, although daily trading opportunities are fewer than those of the 3-minute candlestick. However, once a trading pattern appears, it is relatively stable, and monitoring is not as exhausting as with the 3-minute candlestick.
One-third method, which is a capital management operation, divides the available funds into three parts, aiming to prevent you from operating with full positions. Funds are our lifeline, and we must ensure the safety of our lives.
The application of the one-third method is to build positions with one-third of the funds. If the direction is correct after building the position, we maintain one-third and do not chase the order midway. Chasing orders often increases the risk.
The one-third method can be broken down into one-sixth and one-ninth methods, making operations more flexible.
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It can be said that whether in a bull market or bear market, these 10 iron rules can help you! I will also share my ten years of experience in trading cryptocurrencies!
1. Just entering the scene, don't rush to make money, learn quickly. If you can't even understand that exchanges can crash and run away, how assets can cross chains, or the concept of blockchain, how can you expect to make money?
2. Make more mistakes, practice diligently, and ask less. In the crypto world, 100 people have 101 opinions; speculators think investors are fools, and speculators believe investors are parasites. A says this project is a great innovation, B thinks it's just a conceptual machine, C says they're both scammers... Who to believe? Trust no one, the crypto world is full of scammers, specifically hanging around various traffic points, providing stimulating services to newcomers. Moreover, 99% of people in the crypto world are just 'chives', so who to believe?
3. The community is very important. In my view, 99% of group chats are about on par with the old men in the village square park, focusing on idle chatter and occasionally showing profit screenshots, which is actually not very meaningful. A quality community can at least let you see the reality of the crypto world. What do you think?
4. Investing is your own business. How to understand this statement? It means that in the end, investing depends on yourself. Others' analyses and thoughts are just for reference; you need to do your own research, form your own investment framework, and with a framework, you can have your own opinions. Don't care about what others say; the other party's level may not be as good as yours.
5. Contracts, short-term trading, holding coins, yield farming, NFTs, which one is better? The one that suits you best. Currently, our group strategy is mainly to hold coins, and if you have enough energy, we can help you with yield farming. Some say contracts, short-term, NFTs; to be honest, they are all looking for you to take over their positions.
6. How can you find a hundred-fold coin? If you don't even understand the basic concepts and don't know what's happening in the crypto world, and are asking around, this mindset will never lead you to find a hundred-fold coin; it's more likely to get shot down. I want to emphasize that making money in the crypto world is not that easy; the easy ways don't yield money. If someone tries to argue that someone bought a hundred-fold coin or leveraged contracts by so many times, that's probably a scam.
7. Patience is the foundation of making money. You may have to study for a long time and be scammed countless times to understand the situation in the crypto world. No worries, cherish every time you get scammed; these are all lessons to be learned on the investment journey.
8. Follow the basic rules of the crypto world. If you lose, you must admit it; if you are scammed, you must accept it; experts often do not complain.
Spot trading is simple and carries lower risk. You are directly purchasing assets without worrying about liquidation or margin calls.
It allows you to learn market dynamics and build discipline without the pressure of leverage.
Use Low Leverage (2x to 3x):
If you must use leverage, limit it to a maximum of 2x or 3x. This reduces the risk of liquidation and provides more breathing room for market fluctuations.
Set Stop-Loss Orders:
Always set stop-losses to limit potential losses. For example, set your stop-loss 2-5% below your entry point based on your risk tolerance.
This ensures you exit losing trades early and preserve your capital.
Risk Management:
Never risk more than 1-2% of your total capital on a single trade. This way, even if you incur losses, your overall portfolio remains intact.
Lesson: Focus on Persistence, Not Quick Profits
Trading is not a get-rich-quick scheme. The key to success lies in capital protection and sustained growth. High leverage may provide the thrill of big returns, but for inexperienced traders, it often ends in disappointment and financial loss.
By starting with spot trading or low leverage, and always using stop-losses, you can build skills and confidence while protecting your hard-earned money.
Remember:
It’s better to grow your account slowly and steadily than to lose everything in one reckless trade. In trading, discipline and patience always outweigh greed and impulse.
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Cryptocurrency Trading Insights: 1. Focus on quality when choosing coins; the more cautious, the better; 2. Accumulate at low positions, don't chase highs when it's bustling; 3. Be proactive, do more tracking and research; 4. Gradually sell when prices rise, keep some profits to continue. #TRUMP市值突破
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Timing: Enter the market when the market meets the conditions for rolling positions.
Enter the market: Follow the signals of technical analysis and find the right time to enter the market.
Add positions: If the market goes in your direction, then gradually add positions.
Reduce positions: When you have made the expected profit or when the market is a little wrong, sell slowly.
Closing positions: When your target price is reached or the market is obviously going to change, then sell all.
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The Third Stage of Trading - Realization In the later phase of the second stage, you begin to realize that it is not the trading system that leads to different results (losses or profits), nor is it so-called techniques that determine whether you can make money; this is when realization occurs.
You start to realize that even a single moving average can generate profits, as long as your mindset and capital management (Note: 30% technique, 60% capital management and mindset management, 10% market conditions) are correct.
You begin to understand that what matters is not the technique, but the principle. Thus, you start to read some materials on trading psychology and seek to understand the principles involved in trading.
You realize that no one can predict the market; you no longer focus on how others perceive market conditions. You become an independent trader who follows your own trading logic.
You start to believe that you can make money, no longer despise risk, and begin to implement strict stop-loss measures. You stop worrying about the outcome of each trade and start calculating your profits on a monthly basis; you begin to correctly use leverage and capital management...
The first three stages will last at least 1 to 10 years, so if you haven't made money yet, don't easily talk about giving up. However, if no one is guiding you or you don't reflect, many people will never reach the third stage in their lifetime. These three stages will at least filter out 90% of those who want to engage in trading.
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The first stage of trading: not knowing that trading is a professional and difficult thing.
This is the first stage of your involvement in trading. You entered because you heard others say that trading coins/stocks can make big money. I believe many of you also entered the crypto space for this reason, inspired by the examples of others becoming wealthy. Perhaps when you first entered this market, it was a bull market, or you had good luck and found trading to be surprisingly easy and profitable. You made money by frequently buying and selling. Once a bear market arrives, or if you start having bad luck and incur losses, you might try to double down and leverage your trades. Sometimes you might win back some money, but more often, you find that your losses increase, or others tell you to just hold on, invest for value, and accumulate, only to finally realize that your principal has shrunk to one-tenth of what it was.
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Begin to realize that making money through trading requires professional knowledge and cannot be done recklessly. Because you lost a lot of money before, you began to reflect and realized that trading is a professional thing and you can't do it recklessly.
1. You started to find a bunch of professional books to read, or searched everywhere on the Internet for things you think are useful.
2. You started to learn various indicators and various techniques, such as waves, entanglement theory, etc.
3. You started to consider other people's "calling orders", or bought some so-called trading indicators of masters, and finally you found that it didn't work for you, and you still didn't make money.
4. You started to find some masters and tried to find a profitable way to trade from their courses. In these processes, you will blow up your account many times, lose money many times, and despair many times, but if you don't give up, you will slowly begin to understand the essence of trading
At a certain moment, you suddenly entered the third stage.
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The Fourth Stage of Trading Realizing that trading can be a stable way to make money
Your trading logic/system tells you what to do, and you do exactly that; you don’t do anything you don’t understand.
You can accept losses and enforce strict stop-losses, and you can also accept profits and let profits run.
You start with small losses and small gains, but overall, you have small losses and large gains, and you won’t suffer big losses; in the end, you still make a profit.
You are already considered a good trader.
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The characteristics of the cryptocurrency market are just like this, especially for low market cap altcoins. Once they start to rise, they often have strong momentum and rarely provide obvious pullback opportunities for buying the dip. If you think there is a good opportunity to buy the dip, it is very likely that the market has already peaked.
This passage mainly conveys two points:
1. Learn to chase the rise: If you want to keep up with the pace, you must decisively follow in an uptrend and dare to 'jump on the train' instead of waiting to buy the dip during a crash, as the vast majority of altcoins crashing often means the market has ended.
2. Stop trying to buy the dip for altcoins: 99% of altcoins’ crashes generally indicate that the market has basically ended, so stop being obsessed with buying the dip.
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Heavy positions should always choose mainstream coins, and do not bet heavily on altcoins.
The essence of altcoins is to exploit retail investors; every bull market sees a surge of new altcoins, while popular altcoins from the previous cycle are often replaced by new star projects in the next bull market, gradually forgotten by the market.
For those without insider information or channels, it is almost impossible to buy altcoins before they explode. In most cases, people only learn about an altcoin after seeing it skyrocket, but by then, chasing the price is often too late. Even if one is fortunate enough to catch a wave of increase, they are more often met with fluctuations and declines.
Altcoins are highly volatile, making it difficult for ordinary investors to hold them long-term; both rises and falls can lead to losses, often making small gains a few times, but suffering a significant loss once, resulting in an overall loss.
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