How many years of trading coins have you not made it to 1 million?
Don't be discouraged, these 10 points are my own summarized experiences from pitfalls.
Just follow the execution; if the profits don't come, you can blame me.
① The biggest problem with small funds—too much love for fiddling.
In a year, capturing one decent market wave is enough.
Don't spend all your bullets at once; keep some cash on hand. If it drops, you can buy more; if it rises, you won't panic.
② Cognition determines position; the more you understand, the more you earn.
Don't touch projects you don't understand.
Simulated trading practices your feel; real trading tests your mindset and cognition.
Learn thoroughly before investing money.
③ Positive news is a signal to sell, not a reason to chase prices.
Did you miss out on the good news today? No worries.
A high opening the next day is an opportunity to 'get in and run'.
Most people wait to sell when good news is realized.
④ Reduce positions one week in advance before holidays; this is a fundamental rule.
Liquidity is poor during holidays, and prices can easily swing back and forth.
Being caught in a dilemma is more torturous than losing money.
Reducing positions in advance is important for maintaining a stable mindset.
⑤ The only stable strategy for medium to long-term is: buy in batches at low prices, sell in batches at high prices.
Buy gradually when prices drop, sell gradually when prices rise.
Your cost will get lower and lower; the more intense the market, the better you can cope.
⑥ In short-term operations, you must focus on 'hot + trading volume'.
Obscure coins are traps; once you buy, you get trapped, and there’s no one to sell to.
Follow the targets that follow large capital flows; liquidity is the lifeblood of short-term trading.
⑦ Don't memorize market rules; remember two key points: slow declines are easy to recover, and sudden declines are easy to rebound.
Targets that decline slowly usually also recover slowly.
Sudden crashes rebound quickly, but don't hold onto fantasies—such opportunities are only for quick gains.
⑧ Those who do not cut losses will eventually become trapped.
If the direction is wrong, withdraw first; losing a little is tuition.
Hanging in there might turn you into a 'long-term investor'.
As long as the principal is there, opportunities will always be there.
⑨ The most practical cycle for short-term trading: 15-minute chart.
Look at KDJ: reduce positions at the top, pay attention at the bottom.
Use MACD and RSI as aids; don't get confused by a bunch of indicators.
The simpler, the more effective.
⑩ More techniques are not necessarily better; the more there are, the messier it gets.
Learn two or three commonly used indicators and practice until you use them as instinctively as a reflex.
It's much better to learn a little from the east and a little from the west.
A final word for you: the core of trading coins is just two words—restraint.
Restrain greed, restrain impulse, restrain frequent trading.
Don't chase the market; use patience well to seize big opportunities.
Only then do you truly have a chance to win.