1. When trading cryptocurrencies, focus on the strong ones. If you're unsure, look at the 60-day moving average. If it’s above, increase your position or buy; if it’s below, withdraw. This strategy works well in most cases.
2. When you encounter a sudden rise of over 50%, don't rush to chase it, as it can easily cause panic. It's safer to buy at lower levels; the risk is smaller and the potential profits may be even greater.
3. Before a big rise, there are often signs, such as small price fluctuations with a change of 10% to 20%, but the trading volume decreases. At this time, slowly buying in at lower levels can often help you catch the upward trend.
4. When a new market hotspot arises, it will definitely be hot in the first few days. Seize this opportunity and follow the big players, and making money will be easier.
5. When a bear market comes, control your hands and don’t make random moves for at least six months. In a poor market, operate less; knowing when to rest is what makes a master.
6. Every week, take a moment to look back, not to see if you made money, but to check if your strategy is correct. If it’s right, stick to it; if it’s wrong, adjust it. After a few months, your trading method will become stable.