14 points to remember when trading cryptocurrencies, which can help you avoid pitfalls in the crypto world! After years of ups and downs in the crypto space, I've summarized some experiences!
1. Luck and hesitation: Luck is the main culprit of increased risk, and hesitation can lead to missed opportunities.
2. If long-term is gold, and short-term is silver, then swing trading is diamond.
3. Never go all-in at any time; this helps maintain a calm mindset and allows you to attack when possible and defend when necessary.
4. Catch the middle part of the fish, leave the head and tail for others.
5. Frequent trading will definitely lead to losses; indecision will slowly bleed you dry.
6. The mindset in trading is paramount, strategy is second, and technique only comes in third.
7. Market sentiment arises in despair, develops in hesitation, and ends in madness.
8. Greed is the eraser of profits; greed and fear are major taboos in investing.
9. Opportunities come from declines; trading cryptocurrencies is about trading the future, cash is king.
10. Buying relies on confidence, holding relies on patience, selling relies on determination.
11. There are no absolutely accurate indicators; there are only retail investors with a partial understanding. Indicators are useful for those who know how to use them, but harmful for those who don’t.
12. Not setting stop losses in trading will inevitably lead to significant losses.
13. When others are fearful, we should be greedy; when others are greedy, we should be fearful.
14. Beginners look at price, seasoned traders look at volume, and experts look at trends. #BTC重回关键位置后走势 #比特币战略储备 #加密市场反弹