8 years of trading cryptocurrency by myself, summarized into 16 pieces of experience
1. Choose altcoins in a bull market, buy BTC in a bear market; this is my secret recipe! 2. Pay close attention to coins with high volume at the bottom; this is a signal for a breakout, don't miss it!
3. For coins in an upward trend, the best time to buy is when they pull back to important moving averages; remember to seize the opportunity!
4. Don't trade frequently; making a few correct big trends in a year is enough; greed can lead to significant losses!
5. Always control your position size; never go all-in, leave some room for yourself to handle market changes!
6. Don't average down on losing junk coins; cutting losses in time is a wise move, don't let yourself sink deeper!
7. News can only serve as a reference; don't blindly follow the crowd, otherwise, you will bear the consequences!
8. Don't touch unfamiliar coins; focus on the fields you are familiar with, only then can you ensure a steady win!
9. Don't be swayed by market emotions; stay calm and rational, only then can you make the right decisions!
10. When altcoins have risen too much, they will definitely fall; when they have fallen too much, they may not necessarily rise; choice is crucial, keep your eyes wide open! 11. When most people are optimistic, it is often when risks are approaching; remember this, don't let yourself be the bag holder! 12. Learn to stay out of the market; wait for clear signals before entering, this can help avoid unnecessary losses!
13. Don't follow the hype; trends often come quickly and leave just as fast, don't let yourself get trapped!
14. Have your own trading system and follow it strictly; only then can you maintain stable profits!
15. Investing is a long-distance race; maintaining a good mindset will help you succeed in the end, don't give up halfway!
16. Investing doesn't guarantee profits; there is a high probability of losses, so try to invest with spare money. When you invest with spare money, your mindset will be better, and the probability of winning will increase. Remember this, don't let yourself fall into trouble because of investing!