After ten years of ups and downs in the coin market, from huge losses to substantial returns, I have summarized the following trading disciplines and insights.
1. Avoid high and seek low; do not chase prices. Remain indifferent to price fluctuations, allowing them to rise and fall freely without easily being swayed.
2. There are no absolutes in coins; it’s all about timing. Choosing the right buying moment means it’s a good coin; otherwise, even the hottest coin is just a fleeting cloud. Patiently wait for the best moment and position potential coins, which is the right path.
3. Mindset is king; restraint is paramount. Knowing it's not a buying point but feeling the itch to buy is a major taboo in trading coins. Only with a stable mindset can one navigate the market.
4. Analyze calmly and ignore emotions. Have no bias towards specific coins; act only on market signals. Those with strong techniques and ample funds should operate flexibly, unafraid of timing.
5. Self-reflection comes first; the market is innocent. Mistakes are due to personal errors; quickly summarize lessons to avoid repeating them.
6. Balance technology and mindset; both are essential. Blindly following the crowd is foolish; only wise insight reveals the true essence.
7. The size of funds is not key; the execution of strategy determines success or failure. Precise buying and selling; you are the 'wolf' in the market.
8. Operate calmly; with funds in hand, what worries are there about finding good coins?
9. Lucky thinking, the market does not forgive. Only by making a thorough change can one conquer the market.
10. Immediate gains are the enemy of trading coins. Control the inner demons to establish a long-term foothold. Investors often become playthings of the market due to imbalanced mindsets, becoming puppets of bulls and bears.
11. Good habits are the foundation for survival in the coin market. A momentary profit may be a fluke; long-term survival relies on good habits. Opportunities are frequent; the ability to seize them determines success or failure.
12. Trading coins is not gambling; persistent profitability shows true skill. A valid strategy, advancing step by step, is the best approach.
13. Be patient with your coins to achieve great results. Frequently changing coins makes it hard to achieve great success. Focus on one area, cultivate it deeply, and accumulate small victories into big wins.
14. Follow the market and dance gracefully. Grasp the rhythm to maneuver with ease. Abandon greed and fear, listen to the voice of the market, and no one can stop you.
15. Trading coins is like cultivation; distinguish clearly between natural law and human desire. Buy and sell points are the collective force of the market; follow the rules to advance step by step.
16. The magic of compound interest cannot be ignored. A good mindset combined with technology leads to natural compound interest, making the wealth snowball grow larger.
17. The market is ruthless; both rises and falls are dangerous. Technology is fundamental; when it’s time to act, take action. Missing a selling point is also a mistake.
18. Buy high and sell low; cost is king. Do not predict; just respond. Build positions on a large scale and adjust on a smaller scale to lower costs, which is the way to victory.
19. Caution in favorable conditions; the market carries risks. Coins that have not been realized are all fleeting clouds. Chasing prices and cutting losses is no different from digging your own grave.