I sincerely hope these experiences can help everyone. Follow these guidelines, and if you still can't make money, come find me!
1️⃣ If your funds are low, don't mess around.
Do you have less than 200,000 in funds? Stop thinking about going all-in all the time. Catching a surge once a year is enough; random trading will only make you doubt life.
2️⃣ Knowledge is money.
Your understanding of the crypto space determines how much money you can make. First, practice your courage and mindset with a simulated account; losses in a simulated account are bearable, but mistakes in a real account could lead to being kicked out of the market.
3️⃣ Positive news is not a 'lifesaver'.
After positive news lands, it often leads to disappointment. When encountering significant good news, don't rush to sell on the same day, but if it opens high the next day, decisively clear your position without hesitation!
4️⃣ Be cautious of holiday market trends.
It is advisable to appropriately reduce positions or even clear positions a week before the holiday, as holiday markets often decline. Avoiding this pitfall is crucial.
5️⃣ Medium and long-term 'rolling operations'.
Keep some cash on hand; sell a bit when prices rise and buy a bit when they fall. This rolling operation can effectively reduce risk and steadily grow your assets.
6️⃣ Short-term operations rely on popularity.
For short-term trading, focus on trading volume and price fluctuations. Choose those coins that are actively traded with significant ups and downs, and avoid those unpopular and low-interest coins.
7️⃣ The downtrend determines the rebound rhythm.
If it drops slowly, the rebound will also be slow; if it drops quickly, the rebound may come quickly too. This is the basic law of market rhythm.
8️⃣ Timely stop-loss is the key.
Making mistakes is not scary; what's scary is not willing to stop losses. Preserving your principal is essential to continue playing; without your principal, you can only exit the market.
9️⃣ For short-term, look at the 15-minute K line.
Combining the KDJ indicator, the 15-minute K line chart can help you quickly find the right timing for buying and selling—it's a tool for short-term operations.
🔟 The quality of skills is more important than the quantity.
You don't need to learn all trading techniques; mastering a few core methods and using them skillfully will allow you to stand firm in the market. Aim for quality, not quantity!
Trading coins relies on techniques, but even more on mindset and execution!
Remember these points, and when you enter the market, opportunities to make money will increase!
Additionally, I've recently been focusing on a potential coin on the Ethereum chain—ρꪊρρⅈꫀડ().
The market cap of this coin is still low, but the community power is extremely strong. There might be an explosion this year. Brothers, why not lay an ambush in advance? You might catch a chance for 10 times or even 20 times returns!
