I have been in the cryptocurrency circle for a long time and have accumulated some experience.
1. Blind confidence and hesitation: Blind confidence is the culprit of risks, and hesitation will lead to missed valuable opportunities.
2. If long-term holding is the cornerstone and short-term operations are the waves, then band control is the shining pearl.
3. Do not invest your full position easily at any time. This will help you maintain a calm state of mind and allow you to take the initiative when advancing and defend safely when retreating.
4. Take the middle of the profits and leave the beginning and the end to others.
5. If you operate too frequently, you will inevitably suffer heavy losses. If you are indecisive, you will slowly lose your principal.
6. The mentality of cryptocurrency trading comes first, followed by strategy, and technology can only be ranked third.
7. The market is born in despair, grows in hesitation, and ends in madness.
8. Greed is an obstacle to profit. Greed and fear are taboos in investment.
9. Opportunities emerge from declines. Cryptocurrency trading focuses on the future, and cash dominates.
10. Buying requires confidence, holding requires patience, and selling requires determination.
11. There are no absolutely accurate indicators, only retail investors who have only half-knowledge. Indicators are beneficial to those who are good at using them, but harmful to those who are ignorant.
12. If you do not stop loss when trading cryptocurrencies, you will definitely lose a lot of money.
13. When others are fearful, we should be brave; when others are greedy, we should be vigilant.
14. Beginners focus on prices, veterans focus on trading volume, and experts have insight into trends.
The current situation in the cryptocurrency world is volatile, with both opportunities and challenges.
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