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The key to trading cryptocurrencies lies in timing: when to buy and when to sell.

The secret to trading cryptocurrencies can be summarized in two sentences: limit losses as much as possible and let profits run. This means if you find that the trend of a token is not looking good, you should immediately cut your losses and minimize them as much as possible. Once you have a profit, you must be patient and let small profits turn into large profits.

The first priority in choosing a buying point: three criteria for selecting a stop-loss point when buying tokens: value analysis, technical analysis, and market cycles. Some people only look at value analysis when buying tokens, studying the intrinsic value of the project itself, ignoring other factors. Others only consider technical analysis, believing that the market's view of the token is fully reflected in the stock price and its trading volume changes.

Most traders belong to the second category. The price of a token reflects the future prospects of the company. A more appropriate method is to use value analysis to select tokens. Once a token is found, the operation mainly relies on technical analysis. Then, based on the principle of limiting small losses when losing money and maximizing profits when making money, timely stop-losses are essential. Imagine you are a significant player; how would you influence public psychology?

The tricks of major players are actually quite simple. When they want to buy, they either do so quietly or try to trigger panic selling among the public. In the former case, you will notice that trading volume increases, but not significantly, and the price gradually rises step by step. The latter involves creating widely recognized good selling points. When major players want to sell, they may first buy in, causing the price to skyrocket. The process of finding the critical points of price fluctuations is the process of learning to trade cryptocurrencies, which requires constantly discovering critical points that suit one's personality and risk tolerance.

When to sell can be divided into two parts: the first is how to choose a take-profit point; the second is how to choose an appropriate selling point for profit once a profit is made. The beginning and end of a token are very difficult to grasp; traders should learn how to capture 70% of the fluctuations in between.

Do not attempt to find the highest point of a token; you will never know how high it will go. Deciding when to sell is more difficult than deciding when to buy; when losing, there is hope to break even, and when making money, there is a desire to earn more, leading to constant mental struggle.

For beginners who are just learning to trade cryptocurrencies, having a mindset of not selling unless making a profit is extremely detrimental. With such a mindset, a path to failure is almost predetermined.