Some core advice for newcomers in the cryptocurrency world (collectible level)
For friends with funds under 200,000, catching a major uptrend once a year is enough.
Capturing a trend is more valuable than a whole year of ineffective trading.
Never touch money outside your understanding. First, practice with a simulation account to develop your feel and discipline; the cost of failure in real trading is too high.
Persist in reviewing your trades daily, asking yourself: Has the logic of your positions changed? If not, hold steady; if it has, act decisively.
Major good news releases are often phase selling points. Remember: good news landing is usually not the beginning of a market trend but rather a phase climax.
Good projects can be held for the long term, but make sure to sell in batches during euphoric times. Not being greedy is a shared quality among all winners.
Before major holidays, remember to reduce your positions in advance. Look for opportunities in the last two days before the holiday; market conditions often become more relaxed afterward.
When seeing a large bearish candlestick on the daily chart, unless it’s a shrinking volume at the bottom, consider exiting the next day.
For short-term trading, only engage with active coins. Avoid wasting emotions on those without trading volume or with deteriorating charts.
Don’t be greedy when prices rise, and don’t panic when they fall. Keep a stable mindset, and you will have already outperformed most in the market.
Trading cryptocurrencies isn’t about who knows more but about who can hold on. I still adhere to these ten pieces of advice. @luck萧
