10 years of trading cryptocurrencies, summarized into 7 pieces of advice!

I am someone who has made the determination to trade cryptocurrencies for a lifetime! From being beaten up when I first entered the circle, to now trading full-time to support my family, I have summarized 7 pieces of trading advice. If you want to make a remarkable comeback, please read carefully. I hope everyone can gain insight from this.

1. When the price of a coin enters a stable upward channel, each pullback is a temporary stop, and it is a good opportunity for us to get on board. There are no coins that keep rising indefinitely; a pullback is like a compressed spring, preparing to jump higher.

2. If it enters a definite downward channel, any rebound is an opportunity to exit. Once the trend deteriorates, it may take a long time to rise again, don’t fight the trend, and don’t waste your time.

3. Short-term fluctuations depend on sentiment and fundamentals; don’t focus too much on the immediate small gains, as the current market sentiment is in place, and fundamentals determine the length and breadth of the rise.

4. Man-made judgments of bottoms are usually not real bottoms, but rather halfway up the slope. The real bottom is determined by sentiment and funds, so never blindly try to catch a falling knife; often, if you try 10 times, you’ll get trapped 9 times.

5. Don’t rely too much on good news. Real markets play on expectations. Many retail investors like to trade based on news, but most of what you hear is just what others want you to hear. Even if it’s true, you don’t know how many hands it has passed through, and by the time you know, the market is often about to end.

6. Don’t casually increase leverage; this won’t improve your win rate. Once you incur losses, the figures will be infinitely magnified, don’t increase your risk.

7. Set clear stop losses and take profits! Set goals for yourself, decisively stop losses at a certain position, and sell when it reaches a certain position. Don’t stare at the rising market for too long; many people lose money in a bull market simply because they don’t take profits in time.

The first-level market Ethereum chain Musk concept is worth ambushing!

This aligns closely with the time when DOGE's price rose from $0.065 to $0.39547, indicating that the interest of retail and institutional investors is recovering.