It is no exaggeration to say that one day in the cryptocurrency world is like one year in the real world. Many people want to get on this accelerator, but risks and benefits coexist.
I often receive messages from fans in the background, such as what should I do if this coin drops today? Should I sell that coin tomorrow? I feel a kind of panic and confusion when facing the unpredictable cryptocurrency circle.
Today, the teacher has sorted out ninety-nine essential sentences from the three perspectives of news, technology, and mentality, which are very suitable for novices who have no idea in the currency circle.
1. News
1. You must find ways to collect first-hand information in order to win, and it is particularly important to analyze the major consulting media in the circle.
2. Most media are business agents for big investors and investment consultants for small investors.
3. Only by mastering the characteristics of different industries can you have the opportunity to make profits.
4. Buying stocks that are contrary to the opinions of experts is sometimes a unique way of speculation!
5. Before investing, you must make every effort to prepare, learn about financial knowledge, domestic and international financial and political trends, and detailed analysis of the team and implementation are key.
6. Buy or sell when the news comes out, and sell or buy when the news is confirmed.
7. Do your own research and judge the market conditions on your own, and don’t change your mind because of unconfirmed rumors.
8. If there is a problem with the team, there will be problems with the product, so it is better to do less.
9. Any direct investment is professional investment, and professional investment requires professional knowledge as a basis.
10. Nine out of ten people who claim to make accurate predictions are losers.
11. If the information is inaccurate, you will lose. The most futile behavior is to try to guess the psychology of big investors and speculators.
12. When purchasing, you need to understand whether the relationship between the issuer's profit potential and the current market conditions is reasonable.
13. This circle is small, but it does not mean there is no circle. It is very helpful to know a few big names.
14. Don’t let sudden news change your original intention to buy or sell.
15. When all good news comes out, it becomes bad news; when all bad news comes out, it becomes good news.
16. There are code words in the operation of institutions. For example, the order "232323" may mean shipment. Each institution is different, so it is necessary to study it.
17. Don’t join a small circle. If you join, you will only use your ears and brain.
18. The white paper does not have specific content and R&D technical team, and the probability of it being a virtual coin is over 80%.
19. Is the project open source? Generally, open source projects will be uploaded to GitHub. If not, you need to be careful.
2. Technical
20. Following the right coin is half the battle.
21. The routines of big investors are often quite unexpected, deceiving the leeks who are not well-informed in the industry to facilitate their own purchase and sale of goods. You must accurately analyze the trading volume pattern.
22. The timing of purchase is the most important part of virtual currency investment.
23. If the price falls back by more than one-third, the alarm will be sounded.
24. The three steps to rise: bottoming out – breakthrough – soaring!
25. The index has been updated for three consecutive days, but the trading volume has decreased successively, and the market outlook may not be good.
26. Long-term leading stocks will inevitably experience a sharp decline. If the decline exceeds 50%, the probability of a 30% rise in the bottom is relatively high.
27. It is common for small and medium-sized investors to be trapped by large investors, so diversification of investments is crucial.
28. The rise and fall of the index is not random and its rules are much simpler than those of lottery. Appropriate screenshot analysis is crucial!
29. Anyone who leads the rise will inevitably lead the decline.
30. Avoid too much switching when buying and selling. Don't act rashly when you are indecisive. Be constant in the face of ever-changing circumstances.
31. A surge in trading volume but no change in price is a signal that the market is near the top and at this time, the best strategy is to run away.
32. The longer it hovers at a low level, the greater the upward range will be, and the probability of rising by 30% will reach more than 70%.
33. To judge whether it is growing or declining, it depends on the gap with the trend of the times. Policy is the biggest risk and is still necessary.
34. Trading volume is the pulse, which can show whether you are sick.
35. It is better to choose a good time to buy than to know what to buy. Knowing how to sell is a hundred times better than knowing how to buy.
36. Don’t put all your financial resources on one thing.
37. Never speculate because you think the price is low and the room for growth is large. You must know that once the market reverses, it will be difficult to sell and the decline may be multiplied.
38. Buying stocks with slightly lower profit potential and at a lower price may be more cost-effective than buying stocks with slightly better profitability.
39. Without sufficient experience, never engage in short selling transactions, as it is common to suffer bruises and black eyes.
40. Determining long-term investment goals and principles is the primary issue.
41. Market fluctuations follow a traceable track. If you master this track, you will be able to win every battle.
42. The smaller the increase, and the lower the trading volume, are obvious signs that the top is approaching.
43. Experience shows that the duration of technical factor markets is generally shorter, about one-third of that of basic factor markets.
44. Preventing yourself from being stuck at high prices is the most important lesson for beginners, so it is crucial to practice at low prices.
45. If the stock market does not rise as it should, you should be pessimistic; if the stock market does not fall as it should, you should be optimistic.
46. Fundamental analysis can tell you which coins have intrinsic beauty, while technical analysis tells you the best time to mine them.
47. Funds in the trading session always flow in the most favorable direction.
48. Low prices fluctuate more than high prices.
49. Buy when you can, sell when you should, stop when you must, safety first, stability above all else, rashness leads to loss, greed leads to poverty.
50. Short-term changes in the market have nothing to do with long-term performance.
51. You must understand the “Sunday Theory”. Many coins are rising today.
52. You still have to buy a robot because it reacts faster than the human brain.
53. The price and band changes of the same coin in different exchanges are different. It is necessary to choose a good exchange.
54. New currencies are often the best choice for short-term trading.
55. It is best to configure a combination of international major currencies and altcoins.
56. Big coins are falling and are relatively stable, while altcoins are volatile and have many opportunities.
57. Try not to operate during rapid stretching.
58. It is best not to hold all the chips. It is best to hold half the chips or leave 1/3 of the chips to make up for the decline.
59. You must have a thorough understanding of the operating conditions of the team or foundation, and if necessary, tell it to the person you think is the dumbest to hear their opinions.
60. Don’t buy too many popular stocks, because popular stocks tend to rise quickly and fall quickly.
61. Don’t go all in on one currency; try to diversify your holdings.
62. Trading volume can show the situation of changes. When the trading volume starts to increase, you should pay attention to it and either sell or take a profit.
63. What you hold must be sold sooner or later. If you don’t sell, you’re just a stupid leeks.
64. The highest price or lowest price during market changes will often become the top price or low price. Once you pass this hurdle, it will either be a rocket or a waterfall.
65. Following trends is all about filling your wallet.
66. It is best to choose those that have good prospects but are not yet very popular and are easy to make money.
67. Experts usually make a plan with each step written clearly, and all that remains is to strictly execute it as required.
68. The basic tactics of institutions: five stages: building positions, testing the market, pulling up, washing the market, and shipping.
69. There are generally two possibilities for a sudden increase in volume. One is that the market makers are protecting the market, and the other is that institutions are long. At this time, you should follow the trend.
70. After climbing a flight of stairs, people usually wash the dishes. If you get off the bus at this time, you may not be able to wait for the next bus.
71. It is not impossible to get rich in the cryptocurrency world with 10 yuan, luck is also the key.
72. When encountering a big pullback, it is an opportunity to buy a little.
73. Don’t overestimate the IQ of big shots, many of their actions are just showing their low standards.
74. Before you make a small amount of money, proceed step by step and don’t play with large amounts of money.
75. There are great risks in buying coins at high prices, so beginners should just pretend that the coin does not exist.
76. For beginners, don’t chase the rise. It is better to miss it than to rush in to get on board.
77. If the market cap is too small and is only traded on one exchange, you should be cautious when participating.
78. If you can join for free at the beginning but are asked to pay various fees later on, this is basically considered a pyramid scheme and it is recommended that you do not join.
79. It has not yet been listed, but the price has increased many times during the fundraising period. It is recommended not to participate.
80. Moving bricks is a job with relatively low risks and easy to make money.
3. Mentality
81. Small profits often delay big market trends. Don’t be confused by small changes in the general direction.
82. The person you can trust most at any time is yourself, and it is crucial to walk your own way.
83. When you are hesitant, you should stop taking action, which means that the market situation is not yet clear.
84. Being one step ahead may ensure victory.
85. There is no such thing as the price only going up and not going down, and there is no such thing as the price only going down. Opportunities always exist. The price in your mind is the key. There is no use in regretting.
86. Build a strong body so that your heart can withstand the impact of ups and downs.
87. The secret of why the price goes up as soon as you buy and as soon as you sell is that it has something to do with the trader’s trading, because the trader is constantly studying the psychology and behavior of “leeks” every day.
88. Cryptocurrency speculation is all about numbers. Never establish a relationship with money. If you do, you will definitely lose money.
89. The market changes very quickly. It is normal for bullish positions to change within 10 minutes. You must keep a balanced mentality.
90. If you can’t stand being scared, you won’t get big. Courage, courage, and more courage.
91. Be patient and wait for the coins with large-scale positions to become real blue chip stocks. This is the real mentality.
92. The mentality of being in a hurry to make money is a taboo for cryptocurrency speculators.
93. Remember that the power of compound interest is the greatest.
The definition of leeks is people who chase rising and falling prices, believe in rumors, and have an impetuous mentality.
95. Listen less to orders and use your brain more.
96. Do not use your own financial resources to estimate the market, and do not let your determination be affected by how much you earn or lose. In this industry, everything you hold is wool.
97. You may be very successful in business, but there is no necessary connection between you and the cryptocurrency world.
98. Experience can cultivate inspiration, but inspiration cannot rely entirely on experience.
99. There is no free lunch. You must set a range of losses that you can afford.
The above are the summaries of my practical experience and techniques in cryptocurrency trading for more than 6 years. They may not be applicable to everyone. Everyone needs to use the summaries in combination with their own practices. As a trader, the most terrible thing is not that you have technical problems, but that you are not aware enough and fall into these trading traps without knowing it! There is no invincible trading system, only people who use the trading system invincibly! This is the truth. The trading system will eventually return to people!
