After 9 years of trading cryptocurrencies, I've summarized 16 key insights
If you use a few of these, you’ll be printing money in the crypto world!
1. In a bull market, choose altcoins; in a bear market, hold BTC, ETH, and several mainstream coins—this is my secret recipe!
2. Pay special attention to coins with increasing volume at the bottom; this is a signal to start, so don’t miss out!
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 trades in a year is enough. Greed can lead to big losses!
5. You must manage your positions well; never go all in, leave yourself some room to adapt to market changes!
6. Don’t average down on losing junk coins; cutting losses in time is the wise choice, don’t let yourself fall deeper!
7. News can only serve as a reference; don’t blindly follow the crowd, or you’ll bear the consequences!
8. Never touch coins you are unfamiliar with; focus on fields you know well to ensure a stable win!
9. Don’t let market sentiment sway you; stay calm and rational to make the right decisions!
10. If an altcoin has risen a lot, it will definitely drop; if it has dropped a lot, it may not necessarily rise. Choosing wisely is crucial, so keep your eyes open!
11. When most people are optimistic, it’s often when risks emerge. Remember this, don’t let yourself become the one who takes the fall!
12. Learn to stay in cash, wait for clear market signals before entering, this way you can avoid unnecessary losses!
13. Don’t follow the hype of trending topics; trends often come and go quickly, don’t let yourself get trapped!
14. Have your own trading system and strictly adhere to it; this is how to maintain stable returns!
15. Investing is a long-distance race, keeping a good mindset will help you laugh last, don’t let yourself give up halfway!
16. Investing doesn’t necessarily mean making money; there’s a high probability of losing it, so try to invest spare money. With spare money, your mindset will be better, and your chances of winning will increase. Remember this, don’t let yourself fall into trouble because of investing!
