The first principle of trading profit is to buy low and sell high;
The first principle of buying low and selling high is reasonable timing;
The first principle of reasonable timing is to accept fuzzy correctness;
The first principle of fuzzy correctness is to seek asymmetric odds;
The first principle of seeking asymmetric odds is to capture mispricing;
The first principle of capturing mispricing is to identify the loss of control of group sentiment;
The first principle of identifying the loss of control of group sentiment is to be able to think in reverse;
The first principle of reverse thinking is absolute trading discipline;
The first principle of trading discipline is to accept market uncertainty;
The first principle of accepting market uncertainty is absolute risk control…
Therefore, the first principle of cryptocurrency trading boils down to risk control, preserving the principal, and as long as you survive, high volatility markets will always bring excess returns.
What is your win-loss ratio like?