1. Avoid luck and hesitation: A mindset of luck is the root of increased risk, while indecision may lead to missed optimal opportunities.
2. Swing trading: Long-term stability, short-term flexibility, swing is king. In cryptocurrency trading, swing trading often brings more considerable returns.
3. Control your position, act freely: Never easily go all-in at any time, as this helps maintain a calm mindset and allows for flexible responses to market changes.
4. Select investment opportunities wisely, avoid blindly following trends: Just as one eats only the middle part of a fish, in cryptocurrency trading, one should choose the most stable investment opportunities and avoid risky attempts at market fringes.
5. Reduce trading frequency, make decisive decisions: Frequent trading increases risk, while indecision can lead to gradual loss of funds.
6. Balance mindset, strategy, and skills: In cryptocurrency trading, a good mindset is key to success, a reasonable strategy is a guiding beacon for action, and skills are tools to achieve goals.
7. Opportunities and challenges in market fluctuations: Opportunities often arise in despair, gradually develop in hesitation, and ultimately peak in madness.
8. Beware of greed and fear: Greed can consume profits, while fear may lead to missed opportunities. Both are major taboos in cryptocurrency trading.
9. Seize opportunities, cash is king: Opportunities often emerge during market declines; cryptocurrency trading should focus on the future, maintaining sufficient cash flow to respond to market changes.
10. Confidence, patience, determination: Have confidence when buying, patience when holding, and determination when selling.
11. Indicators are not infallible: There are no absolutely accurate indicators, only investors who continuously learn and grow. Proper use of indicators can assist decision-making, but over-reliance may lead to misguidance.
12. Stop-loss is the bottom line in cryptocurrency trading: Failing to stop losses promptly can lead to unlimited losses, while a reasonable stop-loss strategy helps protect the principal.
13. Think differently, grasp the market rhythm: When the market is generally fearful, it may be a good time to buy; when the market is overly greedy, it may indicate that risks are accumulating.
14. The growth path from novice to expert: Novices focus on price, experts focus on trading volume, and masters focus on market trends. Continuously enhancing your investment level is essential to better grasp market opportunities.
As a seasoned cryptocurrency investor, I share my experiences and insights. Interested in the crypto world but unsure where to start? Click on my avatar to see my introduction and witness the moment of miracles together.