A senior once told me a saying that I remember to this day.
He went from 50,000 to 80000000, only saying:
There are always opportunities in the crypto world; what’s lacking is emotionally stable people.
Most people in the market are actually led by their emotions.
If you can manage your emotions, the market is often a cash machine.
What truly creates a gap is not the news, not the feelings, but the trading strategy.
The following are principles I have repeatedly verified in practice:
Think clearly before entering, don’t just chase when you see movement.
A drop after a period of low trading often presents an opportunity; a rise after a period of high trading usually indicates a sell-off.
When there's a rapid rise, you need to know when to sell; during a rapid drop, you need to be brave enough to buy; when the market is flat, it's often when direction is being held back.
Morning sentiment release; big drops more easily present opportunities, while big rises require learning to reduce positions.
In the afternoon and evening sessions, don't chase big rises, and it's better to wait for big drops until the next day.
Don't sell on high rises, don't buy on sharp drops; during sideways phases, it's better to watch.
Dare to buy on bearish candles and sell on bullish candles; follow human nature, and you'll never make money.
Having a full position is a big taboo in trading; taking profits and cutting losses is not a technical issue, it's a survival issue.
Ultimately, trading cryptocurrencies is essentially about trading mentality.
When you're greedy, you can't see the risks; when you're afraid, you can't seize the opportunities.
Don't chase the rise or panic sell; only then can you make trading a long-term endeavor.
Several trading methods I often use and find most practical; whether you're a novice or an experienced trader, you can't avoid these scenarios:
1. Volatile market
Focus on high selling and low buying, observe the range and BOLL, capture support and resistance, and don't be greedy.
2. Breakthrough at turning points
The longer it stays flat, the more violently it will move. If the direction is right, execution must be decisive.
3. Trend market
Once you go one-sided, only follow the trend. Don't panic on pullbacks; get in on rebounds.
4. Key level trading
Important support and resistance levels are often points of capital competition, with the highest success rates.
5. Pullback and rebound
After a big rise or fall, the period of emotional recovery is often the best time to act.
6. Time period differences
Daytime tends to be stable, suitable for conservative strategies; night and early morning have high volatility, suitable for aggressive trading, but with higher risks.
The last reminder:
The cryptocurrency market indeed has high volatility and many opportunities, but those who can stay are never the most aggressive, but the calmest.
Treat trading as a long-term project, not a gamble for quick riches.
Slow down, and you will go further.
$BTC$ETH
