The following nine iron rules must be deeply memorized.
1. Establish a good investment system. When entering a certain coin, first ask yourself if you have an entry point, and when you are about to exit, ask where your exit point is. Such a thinking system can benefit you for a lifetime; this is the method to quickly grow in the crypto world.
Two, get used to entering during volume breakout pullbacks; this way, the risk is much smaller. Focus only on major trends and do not engage in miscellaneous coin trading. Many times, this is counterintuitive; do not hesitate to buy because the price has risen; the more you hesitate, the more it rises, and the more you dare to buy.
Three, do not limit yourself to the daily level; for long-term, you can choose weekly levels that are out of the bottom. This way, even if your skills are not sufficient and you hold for a longer period, you will ultimately be able to make a profit and exit. The longer the bottom consolidation period, the higher the main force's cost, and this is worth paying attention to. After entering a certain project, if your account profits by fifty percent, you can choose to reduce your position by fifty percent. This way, no matter how it goes afterwards, it doesn't matter. Adjust downwards to add to your position, and when it goes up, you can take some off; this way, your cost can quickly become negative.
Four, always remember that opportunities arise during pullbacks, while risks arise during uptrends.
Five, when others are enthusiastic, we should walk away. When others abandon it, we should pick it up.
Six, for short-term operations, after sticking to a certain coin, if there is no expected trend within three days, it is best to exit. If you lose twenty percent after entering, you must unconditionally cut losses.
Seven, the most important thing in the crypto world is to follow the trend and embrace it. Understand that price is not about being cheap; the better the entry point, the more worthwhile it is to get involved. If you enter at a low price, you won't gain any advantages. Learn to follow the trend, invest in new coins, not old ones.
Eight, if the coin price is entering a major uptrend but there is no significant volume increase, once you enter and see a volume contraction with rising prices, you must patiently hold the coin until there is a significant volume increase before considering exit. Volume contraction during price increases indicates that the main force has a high level of control, and the market sentiment is aligned; a volume increase at high prices is a risk signal.
Nine, I firmly believe that those who can persist in the big market for more than five years must like these two things. Interest is a prerequisite for doing a good job, but do not become overly obsessed with contracts. There are examples around 大星 (Da Xing) of families falling apart due to excessive trading; family is always the most important. Though I say a bit too much, every word comes from the heart, and I want to share the nine key insights I’ve summarized over the years with friends in need. I suggest forwarding this to more friends, hoping that friends who are destined to see this can avoid some detours. Likes, follows, and collections are the greatest support for me.
Trading cryptocurrencies has always been accompanied by high returns and high risks; a daily fluctuation of over 10% is not uncommon. As a newcomer to the crypto world, you must clearly recognize the risks of the market and learn essential trading skills. You must also be mentally prepared to avoid common pitfalls in trading, trying to keep yourself from falling into traps. However, there are too many trading methods and techniques available; fundamentally, there are three ways to make money: short-term, medium to long-term, and regular investment.
Every way to make money has its pros and cons, and every investor will have different views when entering the market. We should base our decisions on our actual situations.
Choose the right strategy. In general, short-term trading should be aggressive, medium to long-term should be defensive, and regular investment should be planned. As long as you apply the above methods well, making money should not be difficult, but the key is still the choice of the coin.
1. Greedy people who do not know how to plan:
Many investors do not have a financial plan and are very greedy, never knowing what it means to take a profit and leave, sticking with a project until the end of time. Such people might have already made money on some platforms, but greed makes them continuously reinvest or even increase their investments. In the end, when the platform's capital chain breaks, all their money is trapped, and they cannot get a single cent back, losing everything.
2. Those who are completely ignorant yet arrogant:
These people are often somewhat proud or have some small achievements in other industries. They think they are very smart and know everything, investing based entirely on their own feelings, without analyzing and judging through various factors. In the end, they fall into traps. Such people often invest significant amounts; a considerable portion of those who lose tens or hundreds of thousands are this type. Some so-called veterans in the trading circle are also like this; they believe that because they have been in the trading circle for a long time, they understand everything, unaware of how deep the schemes in the capital game are. What they encounter is merely the tip of the iceberg.
3. Purely small self-investors.
Such people are often newcomers who have just entered the trading circle and do not know how to choose a project, do not know the quality of the project, do not even know the basics of what a pump is or what a breakout is, and are unaware of how quickly bubbles can form. They blindly follow trends; someone says this project is good, so they invest, someone says that project is decent, and they jump in too, only to end up being sold out while still helping others count their money.
4. People who are easily brainwashed due to limited exposure:
Such people are often the most sympathetic and also the most helpless. Most of them are older adults, people from the lower social strata, easily deceived by the superficial promotional packaging of some platforms, easily brainwashed by some spiritual leaders. A blatant scam, yet they regard it as a project that benefits the people, a savior for the working class. In the end, the project often collapses, and even the operators are caught, yet they still think it was a good project.
5. People who do not understand basic legal knowledge.
This type of person, aside from some older adults, also includes many young people who do not often engage with external knowledge. They do not even know what illegal fundraising or pyramid schemes are, and are attracted and deceived by the packaging presented by some capital schemes, only to realize the truth after the project collapses.
6. Those unwilling to think:
Such people are usually introduced by friends; on one hand, it is due to trust in their friends, and on the other hand, they cannot resist the temptation of high returns. They are unwilling to think or verify whether the project is real or not; what their friends say is what it is. In the end, they find out they have been deceived, and sometimes the friend who introduced them might not even know it's a scam.
7. People who are eager for quick success:
This type of person generally knows the essence of capital schemes and recognizes that this is a Ponzi scheme, but due to high returns and quick money, they are determined to change their lives and destiny through capital schemes. They do not realize that haste makes waste. Before they have the basic ability to discern the quality of projects, they blindly search for projects to invest in. Without the basic ability to predict risk periods, they greedily focus on immediate benefits, failing to understand or unwilling to take the time to learn and grow, expand their network, and only think about making money quickly. Such people often fill pits frequently; sometimes others may lose on this project but can earn something back on another, while these people often find themselves continuously filling pits, rarely making a profit, mainly because they are too eager for quick success.
These days, I am preparing for a strategic layout, and the divine order is about to begin!!!
Comment 168, get on board!!!
Impermanence leads to impermanence leads to impermanence!!!
Important things must be said three times!!!
