At that time, I had just entered the market with some savings and wanted to take a chance. What happened? My initial capital of twenty thousand shrank to just over a thousand in less than three months. I was staring at the screen at midnight, my hands were shaking, and I almost deleted the app and walked away. But later I thought about it, I wasn't going to give up, so I calmed down and figured out the pitfalls of losing money one by one, forcing myself to correct seven bad habits. Looking back now, that little over a thousand slowly rolled into over two hundred thousand; it wasn't luck, it was a change in mindset.
The following are all my own experiences gained from investing my money, take a look:
If you don't understand the market trends, it's better to miss out.
Fidgeting is just giving away money. The market isn't a casino; lying down is better than messing around blindly before you understand the direction.
Hyped coins are all about moving fast.
For coins in a trendy spot, don't think about a long-term commitment. Before you enter, think about how to exit; as soon as the wind changes, slip away immediately. Don't wait until the tide recedes to find out you're swimming naked.
When the trend comes, you need to have some courage.
Especially when the volume and price are both soaring, hold steady. Don't be scared away by the fluctuations, otherwise you won't get a bite of the big profits.
A massive bullish candle, it might be a reminder for you to take a break.
Don't always think about taking the last bite. Taking profits in batches is more practical than being greedy for a few extra cents.
Take a good look at the daily chart a bit more.
Know how the moving averages are behaving, where the support and resistance levels are, keep it in mind. Don't underestimate basic signals like golden crosses and death crosses; they often speak quietly.
Follow the trend, don't let emotions take you off course.
As long as the upward trend is intact, hold on. Wait until it hits the bottom and stabilizes before considering buying again. Don't get overexcited with every rise, and don't panic with every drop.
Never go all in recklessly.
Enter in batches to average down your costs. Before placing each order, consider how much you could potentially lose at worst and whether you can handle it.
That's how this market works; it responds to you as you respond to it. Many people aren't trying hard enough; they're just going in the wrong direction, spinning in the dark. Opportunities are always there, but they don't wait for anyone.
Follow me, a veteran navigating the crypto market, to help you avoid the pitfalls I've encountered. Learning is the hard truth; don't let your tuition fees go to waste.#美国“无王”抗议 #特朗普再挺比特币 $ETH
