1. Trends as anchors, going with the flow
Trading cryptocurrencies is like surfing; you need to catch the wave of the rising trend. Keep a close eye on strong coins and stay away from downward channels, allowing time to become a catalyst for wealth. When the coin price firmly holds the trend line, it's like having the wealth password. The 30-day moving average is the key defense line—take profit when it breaks, and hold steady if it doesn’t. The surge in the artificial intelligence sector at the beginning of the year is the best example.
2. Main line navigation, waiting for opportunities
A prosperous market must have a main line to pull it along. When the main line weakens or becomes hidden, risks quietly emerge. At this time, one must become a patient hunter, waiting for the main line to become clear, and must not rush in; blind operations will only make one a 'prey' of the market.
3. Diversified layout, risk hedging
Even if you have immense confidence in a certain coin, never bet everything you own. Diversifying positions acts as multiple insurances for wealth. Keeping positions within 4 coins can both diversify risk and focus on core opportunities.
4. Reduce internal consumption, refuse frequent trading
Frequent trading is like drinking poison to quench thirst; the brief thrill of trading will ultimately lead to account bleeding. Without professional short-term skills, frequent trading will only benefit brokers. Restraining trading impulses is essential to protect the wealth baseline.
5. Emotional management, offense and defense with principles
After a big loss, it's easy to fall into revenge trading; after a big gain, it's easy to become complacent. Both extreme emotions are 'invisible killers' of wealth. After a big loss, calmly review; after a big gain, tread carefully to maintain stability and longevity.
6. Enter in batches, flexible in advance and retreat
Even the best opportunity should not be all-in; building positions in batches allows for flexible response to market changes. The future is full of uncertainties; keeping a backup plan enables calm movements in the ever-changing cryptocurrency market.
7. Focus on the big picture, avoid shortsightedness
Retail investors fixating on the intraday line is like blind men touching an elephant, leading to a loss of direction. A deep review for 1 hour daily, grasping the market pulse, is far more effective than staring at the market all day. Trading should also have a balance of tension and relaxation.
8. Plan before action, rational decision-making
Preparing a plan before the market opens and clarifying the trading direction is key to victory. Boldly hypothesizing market direction while carefully validating trading logic is important, but beware of treating predictions as absolute truths. Respecting the market is always the first principle.
9. Missing out is not regrettable; losses are fatal
Opportunities in the cryptocurrency market are continuous. Rationally view gains and losses, focusing on trading efficiency rather than stress. It is better to miss a brief opportunity than to take blind risks, in order to maintain the foundation of wealth.
10. Record growth, review and improve
The trading log is the 'secret weapon' to improve skills. Recording the experiences and lessons of each trade helps to avoid repeating mistakes. It is not only a memo for trading but also a compass for capital management and risk control.
