In the cryptocurrency world for many years, I have summarized 8 heartfelt insights to share with brothers who are new to the circle.

This is not empty talk or theory; it is practical experience gained from real losses.

1. Don’t be greedy with hot or shanzhai coins; take profits when you see them. Trying to eat from start to finish will only backfire; the lessons of FIL and LUNA have long demonstrated: greed is a fatal flaw.

2. Be cautious of false signals during high-level consolidation and pay attention to wash trading during low-level consolidation. Reduce positions in the former and stay stealthy in the latter; learn to find opportunities in panic and hit the brakes during greed.

3. Market sentiment precedes direction. Coins that resist decline perform well in a weak market, while those that fall against the trend in a strong market should be avoided; the core of watching the market is focusing on the rhythm of sentiment.

4. Only increase positions when making money; do not average down when losing. Increasing positions amplifies advantages instead of saving mistakes; cutting losses is a respect for the market; first cut losses, then let profits run.

5. Don’t easily exit when the bottom is confirmed. Stable coins often experience oscillating rises; wash trading is the norm; only by holding positions can you reap the full wave of profits.

6. First-class traders look at sectors, second-class traders look at coins, and third-class traders look at indicators. Skilled traders focus on sentiment; fixating on individual coins, indicators, or relying on luck are misconceptions.

7. Volume and price are essential; indicators are results. Discussing technology without understanding volume and price is empty talk; rising depends on volume, and rising without volume is a trap.

8. Go with the trend: buy on support during uptrends and exit on resistance during downtrends. Respect the trend, and losses will naturally decrease.

Lastly, a heartfelt truth: the cryptocurrency world amplifies human nature; it is neither a casino nor a sanctuary. Endure loneliness and maintain discipline to qualify for discussions about financial freedom.

In the past, I stumbled around in the dark alone; now the light is in my hands.

The light is always on; will you follow? @交易员 K总