It is absolutely impossible to write this article without over a decade of experience in the coin market and achieving certain results. Understanding and grasping it can help everyone progress from novice to expert. It is worth every coin enthusiast to collect and review repeatedly!
Coin trading secret 1: Do not sell on spikes, do not buy on plunges, and do not trade in sideways markets. Buy on dips, sell on peaks; acting against the market is heroic. Wait for high and low consolidations. If high positions consolidate before another spike, seize the opportunity to sell quickly; if low positions consolidate with new lows, it’s a good time to buy in fully.
Secret 2: Buy on significant drops in the morning, sell on significant rises in the morning. Do not chase significant rises in the afternoon; buy on significant drops the next day. Do not cut losses on significant morning drops, and sleep on days with no price movement.
Four Shortcuts to Ruin: 1. Chasing highs and cutting losses; 2. Futures leverage; 3. Margin trading; 4. Short-term speculative operations.
Four Avenues to Life's Pinnacle: 1. Work diligently; 2. Invest spare money; 3. Buy low and hold long; 4. Eat and sleep on time. — This is the rule of survival in the coin world, not to be ignored by unparalleled experts. (In the coin world, ten days in the river and ten years in the world, the level of ruthlessness is rare throughout history; remember the survival rules to ensure survival.)
Profit from rising markets and gain coins from falling markets. Holding without selling means no losses. Never go all in, never go all in, never go all in, never go all in, never go all in, never go all in.
Advice 1: Do not easily be deceived into selling low-priced chips; maintain strong faith and prevent manipulation by speculators.
Advice 2: Chasing highs and cutting losses, and going all in is always a taboo. In a favorable trend, gradually building positions during declines is less risky, costs less, and yields higher profits.
Advice 3: Allocate profits reasonably, maximizing the release of funds instead of continuously increasing positions.
Advice 4: When prices surge, take out your capital; when prices plummet, hold onto your coins. Maintain a positive mindset at all times; avoid speculation, impatience, greed, and fear, and do not fight battles for which you are unprepared.
Advice 5: The low-price coins from private placements or ambushes rely on experience and the speculator's bet on the coin's future, while the subsequent secondary market competition relies on technical and news aspects to follow the speculators. Do not lose sight of the fundamentals, or the outcome will be disastrous.
Advice 6: Building positions and exiting must be done in layers and stages, gradually widening the price segments to effectively control risk and profit ratios.
Advice 7: Familiarize yourself with the interconnected effects; when trading coins, pay attention to the trends of other coins. Each coin is not isolated in the overall market; they may seem unrelated, but are actually intertwined. Understanding the interconnected effects is crucial, and utilize consultation tools and apps effectively.
Advice 8: Positioning should be reasonable; the allocation of hot coins and value coins must be sensible, paying attention to the ratio of pressure resistance and profit intake. Being too conservative may lead to missed opportunities, while being too aggressive may face high risks! The main feature of value coins is stability, while hot coins are characterized by extreme volatility, which can lead to soaring profits or total losses.
Advice 9: Having coins in the market, money in the account, and cash in the pocket is the safest and most reassuring standard configuration. Do not go all in; going all in is fatal. Proper risk control and reasonable capital allocation are key to your mindset and success. Investing spare money is fundamental.
Advice 10: Master the basic operations, learn to draw inferences about other cases, grasp the basic ideas of trading, observation is the premise, remember each time's highs and lows as reference data, learn to record, summarize materials by yourself, cultivate a reading habit, and develop the ability to filter information.
Experience:
First Rule: Do not focus on the length of holding time but rather on whether the market has reached its peak.
Second Rule: When the price of a coin rises, if you are solely focused on pursuing higher profits and are reluctant to sell your holdings at high points, the result of greed often leads to missed opportunities.
Third Rule: Take profits when you see them, maintain your gains; it requires wisdom and patience.
Fourth Rule: When everyone on the street is talking about making big money, it’s time to sell.
Fifth Rule: Any greedy investor who sees a significant rise will inevitably regret not buying in at the low price, while the main traders exploit the retail investors' psychology of wanting to chase profits to raise prices and unload their holdings.
The bull market is coming soon. Brother Rui plans to lay out some tokens that are about to receive favorable news, while also looking for some coins with long-term potential to hold until the end of the year. Friends with positions can check my updates to get my latest strategies and detailed points!
