Three points to teach you about trading spot, the painful lessons of xue lin lin!!

1. If you are stuck with a certain coin, do not blindly increase your position. You need to first look at its trend. If the trend keeps going down, then withdraw quickly, or at least sell off most of it. If you keep buying as it drops, you may end up heavily invested and stuck, which is a big taboo in trading coins! By that time, you might suffer significant losses, making it difficult to break even.

2. If you find a coin that is particularly strong, dropping less than others during downturns and rising more during uptrends, then you’ve found a treasure. At this point, you should hold onto this strong coin tightly; if you have money, buy more, and if you don’t, sell off those weaker coins to convert into this strong coin. You will soon see your wallet bulging.

3. If the coins you bought are all decreasing in price, showing a worsening trend, and they do not rise when Bitcoin rises but instead drop, then you need to be cautious; it’s possible that the market makers have already exited. At this point, you should quickly switch coins and not hold on just because of the losses.

When trading spot, you must understand these three points. While they cannot guarantee profits, they will certainly help you reduce losses and potentially increase gains.

Currently, the market is rather quiet. If you want a big market movement, you might have to wait until next month when Trump takes office; he might introduce some favorable policies for the crypto space, which could lead to a major bull market. Right now, the consolidation period is a good time to buy. The previously purchased XRP, SUI, EIGEN, LINK, WIF have all doubled. Many coins are very cheap now, so you need to seize the opportunity and quickly position yourself. See the image below to help you layout for the bull market.