Making money is not a momentary affair; it is a lifelong endeavor!
Having been in the cryptocurrency space for 10 years, I must honestly say that the experiences from the first few years were truly bloody lessons.
I lost 70% of my capital in half a year, thinking every day about how to turn things around, but my hands just couldn't resist wanting to open positions.
There isn't a single retail investor who hasn't experienced such lows, especially when there was completely no experience in controlling positions and mindset at that time.
As time went by, I gradually figured out the rules that could help me survive. Although I can't say that I will definitely win, at least it can help me avoid some common traps and prevent making too many mistakes.
Most retail investors always go against the trend. When they are losing, they hold on tightly, and as soon as they make a profit, they run away immediately. The correct approach should be to do the opposite: be brave with the profits earned, and decisively cut losses when it hits the stop-loss level.
Just following the principle of "locking profits at 10% and cutting losses at 5%" can prevent countless deep pits and reduce unnecessary losses.
Market trading volume is crucial: if the trading volume decreases when the price hits a new high, there might still be momentum; if it breaks the 20-day line and pulls back with shrinking volume, it could be a buying opportunity.
Don't be greedy; focus your energy on two to three mainstream cryptocurrencies to avoid losing control of positions due to too many coins.
In intraday operations: don't panic during a sharp drop; a rebound will come; be cautious during a late rally, as the next day might see a crash.
If the volume increases while rising, it may continue to rise; if there is no increase in volume while rising, be careful, as a sharp rise usually leads to a pullback.
The most important point is to take a break after making big money to avoid getting overly excited; and when losing, don't rush—calm down first before taking action.
Trading cryptocurrency relies on endurance and mindset; keeping discipline will reward those who are patient.
True experts never show off; they rely on discipline and execution. Follow me, and together we will turn the tide in this round of market, eat meat, and recover losses. Slow is fast; living longer allows you to laugh in the end.
$RIVER $CYS $BEAT
