The most common tactics used by the main players are 'washing the盘' and 'lifting the market'
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Washing the盘 usually occurs at the bottom, where the main players create a short-term rapid decline to induce panic, scaring away unstable retail investors. During the lifting of the market, they act quickly, not giving retail investors a chance to enter, making the conflicted retail investors buy at high prices.
If we can see through the main players' tactics and manage our panic emotions at low levels, remain rational during their washing process, not cut losses at low points, and also not blindly chase highs when prices are rising, but instead have our own fixed trading rhythm, only taking a little 'fish meat' by riding their coattails, then we will not be trapped at high points, and the main players will have no way to deal with us retail investors.
The main players are best at exploiting the fears, greed, and luck of retail investors, which is human nature and drives the operation of the entire cryptocurrency market.
What the main players fear the least are blindly following players; many people will rush in for a so-called insider news, even if they have very accurate information, there is no need to let everyone know. The less people know about the news, the more valuable it is. If they can quietly make a fortune, why would they need to spread it? Isn’t it just to harvest retail investors?
Moreover, this news has been passed around many hands. What are the main players? They use larger funds, more information, and resources, leveraging the weaknesses of retail investors' human nature to reap profits from us. If we still indulge our own human nature and trade without any thought, we will inevitably become fish on the chopping board.
So in this chaotic market, you need to have your own trading system. For example, when the main players push down the market to create new lows during the washing process, we should cut losses and exit.
Once trapped, decisively and timely exit with only a small loss, preserving the principal, and look for opportunities to continue trading next time. Such rational people are also a headache for the main players.
The most important thing in trading is to have strict stop-loss and take-profit standards. As long as you can overcome your fears and greed, cut losses promptly when wrong, and take profits correctly when right, then there is nothing in the market that can trap you; it is just a matter of earning more or less.