After ten years of trading cryptocurrencies, I have distilled 16 valuable experiences, each of which has helped me reach where I am today. If you want to achieve your goals in a cycle, take the time to read through!$FHE
1. Bull and bear strategies differ: In a bull market, focus on altcoins, while in a bear market, concentrate on BTC; this is my winning formula.
2. Pay attention to volume at the bottom: Coins with increased volume at the bottom are often precursors to a breakout; make sure not to miss out.
3. Seize the opportunity during pullbacks: For coins in an upward trend, a pullback to key moving averages represents an excellent buying point.
4. Avoid frequent trading: Capturing a few major trends in a year is enough; greed can lead to significant losses.
5. Reasonably control your position: Never go all in; leave yourself enough room to respond to market changes.
6. Cut losses on junk coins promptly: Don't average down on losing coins; decisively cut losses to prevent deeper entrenchment.
7. Rationally view news: News is only for reference; blindly following trends can lead to disastrous consequences.
8. Focus on familiar areas: Avoid unfamiliar coins; delve deeper into fields you know well for greater stability.
9. Stay calm and rational: Not being swayed by market emotions enables you to make the right decisions.
10. Be cautious in selecting altcoins: Altcoins that rise quickly are likely to fall just as fast; choosing wisely is key.
11. Be wary when the public is optimistic: When most people are optimistic, risks often loom; don't be the one left holding the bag.
12. Learn to stay out of the market at the right time: Wait for clear market signals before entering to avoid unnecessary losses.
13. Don't blindly follow hot trends: Trends come and go quickly; chasing them can easily lead to being trapped.
14. Establish a trading system: Having your own trading system and strictly adhering to it leads to greater stability.
15. Maintain a good mindset: Investing is a marathon; a positive mindset will help you laugh until the end.
16. It's best to invest with spare money: Investments are likely to incur losses; investing with spare money keeps your mindset positive and increases your chances of winning; don't fall into trouble because of investments.
