1. Don’t mess around with little money! Catching a big rise once a year is enough; don’t invest all your money; keep some cash as a buffer so you can buy more if prices drop.
2. Earn as much as you understand! Don’t touch coins you don’t understand. Practicing on a demo account is fine, but buying with real money is a completely different mindset. Learn and understand before taking action.
3. Don’t be greedy about good news! If you haven't sold on the same day, and if it opens high the next day, sell quickly. Everyone is waiting to sell on good news, a high opening is an opportunity to escape, and being late may lead to losses.
4. Reduce your position a week before holidays! During holidays, there is no trading in the market, and prices are prone to skyrocketing and plummeting. Don't take this risk; it's better to enjoy the holidays peacefully than anything else.
5. Remember 'buy low, sell high' for medium to long-term operations! Buy in batches when the price drops, and sell in batches when it rises. This way, you can lower your cost and have flexible funds, not afraid of market fluctuations.
6. For short-term trading, only pick popular coins! Don’t touch coins with low trading volume; if no one is buying when you purchase, you’ll be stuck. Follow the flow of large funds; good liquidity is essential for making money.
7. Remember this rule: coins that gradually decline are likely to gradually rise again; but if there is a sudden plunge, the rebound will be quick. Such opportunities can be seized, but don’t be greedy.
8. Be decisive with stop-losses! If you bought the wrong asset, don’t stubbornly hold on; recognize your mistake and cut your losses in time. Preserving your capital gives you a chance to recover, while waiting for a rebound may lead to deeper losses.
9. For short-term trading, look at the 15-minute K-line chart! Focus on the KDJ indicator, sell when it hits the top (overbought), and buy when it hits the bottom (oversold). Combine this with MACD and RSI for additional judgment; don’t rely on just one indicator.
10. Don’t learn too many technicals! Mastering two or three indicators is enough, such as KDJ and MACD. Learning too many can confuse you; understanding one indicator thoroughly is better than anything.
It's that simple, the core is just two words: “Restraint” – Restrain greed, restrain frequent trading, preserve your capital, and seize big opportunities, that’s more practical than anything!
