After ten years of trading cryptocurrencies, I have summarized 16 key experiences, each of which is closely tied to my success. If you also want to achieve your ideals through a cycle, please read carefully!
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1. Choose altcoins during a bull market and buy BTC during a bear market; this is my secret!
2. Pay close attention to coins with significant volume at the bottom; this is a signal for a breakout, don't miss it!
3. For coins in an upward trend, when they pull back to important moving averages, it's the best time to buy; remember to seize the opportunity!
4. Don't trade frequently; making a few correct decisions on major trends in a year is enough. Greed can lead to significant losses!
5. Always manage your position well; never go all-in, leave yourself some room to respond to market changes!
6. Don't average down on losing junk coins; timely stop-loss is wise, don't let yourself get deeper into trouble!
7. News can only be a reference; don't blindly follow trends, or you will bear the consequences!
8. Avoid unfamiliar coins; focus on areas you are familiar with to ensure stable returns!
9. Don't be swayed by market emotions; stay calm and rational to make the right decisions!
10. Altcoins that have risen significantly will certainly fall; those that have fallen may not necessarily rise. Choosing is crucial, keep your eyes wide open!
11. When most people are optimistic, it is often when risks arise. Remember this and don't become a bag holder!
12. Learn to stay out of the market and wait for clear signals before entering; this helps avoid unnecessary losses!
13. Don't follow the hype; trends often come quickly and go just as fast. Don't let yourself get trapped!
14. Have your own trading system and execute it strictly, this will help maintain stable profits!
15. Investing is a long-distance race; maintaining a good mindset will help you succeed in the end, don't give up halfway!
16. Investing doesn't necessarily mean making money; there's a high probability of losing money. So try to invest with spare cash. When you invest with spare cash, your mindset will be better, and your chances of winning will increase. Remember this and don't let yourself fall into trouble because of investing!