1. Once an uptrend starts, it won't easily end, so don't be afraid of significant pullbacks that occur early on. Boldly enter the market; the worst thing is to keep waiting for lower points. The longer you wait, the higher it goes, and you miss out.
2. In a bull market, it's good to add positions frequently. If you're not fully invested, try to wait for a pullback, then go all in. Otherwise, you might get hit with a big move that most people can't withstand.
3. Be sure to manage your positions well; it's best to have layouts in several key sectors. If you invest all in one sector and it doesn't move while others rise, that's the worst feeling. If you chase it, you'll get trapped, and just when you sell, the price may soar again. Many people have experienced this, so either don't buy or if you do, hold firmly. Your coins will rotate; even the worst coins in a bull market can multiply by five or ten times.
4. The market always rises amid disagreements. What many people criticize is often an opportunity, while a consensus on optimism can be a risk.
5. Don't always think about high selling and low buying; once you exit midway, you’ll find it hard to return. Playing short-term back and forth may not yield as much as just lying still.
6. Every time the market pulls back, there will be widespread panic, with everyone saying the bull has run away. The truth is, it requires at least three or four significant pullbacks before a bull market may end. So don't be afraid; have a broader perspective. As long as you hold, and you're not holding worthless coins, the next explosion could be yours!
In the turbulent sea of the crypto sphere, true experts don't rely solely on technology but on a profound understanding of market principles and strict adherence to them.
These are the six iron rules I have always adhered to, shared with those destined to find it, so you can navigate the cryptocurrency trading path effortlessly and manage risks with ease!
1. Prices fluctuate unpredictably; mindset is key: Don't hastily claim a peak during an uptrend, nor assert a bottom during a downtrend. Just as the question of whether Bitcoin can stand at $150,000 can only be answered when the market is frenzied. What you think is a bottom may only be a brief pause; the true bottom is always unfathomable.
2. Technical indicators are for reference only: Technical indicators often have lagging characteristics and can only serve as references, not as primary bases for buying or selling. During strong uptrends, although technical indicators may look good, prices are already high, so chasing gains should be approached with caution.
3. A bull market is a unique opportunity: It's the only chance to turn things around. Just like Buffett, even if he is very smart, if he misses a bull market, he can only wait silently in a bear market. Therefore, in the crypto space, seizing a bull market is like holding the key to wealth.
4. Dare to chase high prices for extraordinary achievements: In the crypto space, fearing high prices makes one a sufferer. It's important to know that the cost of major players in a cryptocurrency is far more complex than you think, including promotion fees, chip costs, development costs, etc., which can be several times or even dozens of times the investment. Therefore, daring to chase high prices is essential to seize true opportunities.
5. Build positions in batches; steadiness is key: Experts in building positions never rush for quick success. They control each trade within one percent. This strategy allows them more room for trial and error, lower costs, and smaller risks.
6. Be full of confidence, unafraid of the market: True trading masters are full of confidence. They have experienced losses but have never been defeated. They firmly believe that they will ultimately conquer the market, and this belief is the key to their success. Trading is not just a competition of skills and luck, but also a test of mindset and wisdom. Only those who master and strictly adhere to these iron rules can remain undefeated in the crypto space!
These days, I am preparing for the launch of a divine trade layout!!!
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The unpredictable leads to the unpredictable leads to the unpredictable leads to!!!
Important things must be said three times!!!
