8 years of trading cryptocurrency myself, summarized into 16 experiences!
1. Choose altcoins during a bull market, buy BTC during a bear market; this is my secret recipe!
2. Pay close attention to coins with increased volume at the bottom; this is a signal for a potential surge, don’t miss it!
3. For coins in an upward trend, when they pull back to important moving averages, that’s the best time to buy; remember to seize the opportunity!
4. Don’t trade frequently; making the right call a few times a year is enough; greed can lead to significant losses!
5. Always manage your position size; never go all in, leave yourself some room to adapt to market changes!
6. Don’t average down on losing garbage coins; cutting losses in time is the wise move, don’t let yourself get more deeply trapped!
7. News can only serve as a reference; don’t blindly follow the crowd or go all in, or you will bear the consequences!
8. Never touch coins you’re not familiar with; focus on the fields you know, that’s how you can ensure success!
9. Don’t be swayed by market sentiment; stay calm and rational, that’s how to make the right decisions!
10. When altcoins rise too much, they will definitely fall; when they fall too much, they may not necessarily rise; choices are important, keep your eyes wide open!
11. When most people are optimistic, it often signals the arrival of risk; remember this, don’t become the one left holding the bag!
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; trends often come and go quickly, don’t let yourself get stuck!
14. Have your own trading system and stick to it strictly; this is how to maintain stable profits!
15. Investing is a long-distance race; maintaining a good mindset will help you win in the end, don’t give up halfway!
16. Investing doesn’t guarantee profit; it's more likely to incur losses, so try to invest with spare money; with spare money, your mindset will be better, and the chances of winning will increase. Remember this, don’t let investing put you in a difficult situation.
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