In the cryptocurrency world, there used to be a confrontation between the East and the West. There would be market activity both during the day and at night, with most movements occurring during Western hours, specifically between 21:30 and 7:30 Beijing time. Major price increases typically happen in the early morning, so a qualified trader's routine is to sleep at 20:00 and wake up at 4:00 to monitor the market.
1. During significant daytime declines domestically, one must catch the bottom; at night, foreigners will push the market up.
2. If there is a large increase during the day, do not chase the high; it will likely drop back at night.
3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals.
4. Major meetings or positive news will typically lead to a price increase, but once the news is out, prices will drop.
5. In group discussions, if a community pushes a coin, making it sound appealing, you might get excited, but there's a high chance of being trapped, so consider trading in the opposite direction. If a coin is very hot, you can short it immediately.
6. If a group member recommends something and you are not interested, it is likely to take off. When you have doubts, it might be worth trying a small amount.
7. When you hold a large position, you are bound to face liquidation; why? Because you are now on the liquidation list that exchanges pay attention to.
8. Once your stop loss on a short position is triggered, the price will definitely drop. If they don’t trick you out or pump the price to liquidate you, how could it fall? For instance, TRB.
9. When you are close to breaking even, and just need a little more, the rebound suddenly halts; how would they allow you to close your position and escape?
10. When you take profits, it means you're getting off the ride; if you don’t exit, how can they push the price up? The vehicle is too heavy.
11. When you are excited, a downfall is bound to happen; your excitement is also a bait from the market makers.
12. When you are broke, and every project is rising, it makes you FOMO and rush in. Therefore, you understand that the market is manipulated over 80% of the time. Besides managing your position, you must also take the initiative. Clearly, do not enter the market before the market makers act. Once you are in, the exchange becomes the butcher, and you become the fish. Trading is about patience, composure, and timing. Let's encourage each other.