A few tips from someone experienced in the cryptocurrency world, learning them is a profit!!

High returns are always accompanied by risks. I have compiled some investment tips based on my experiences in the cryptocurrency market to share with everyone. First: Decisiveness

An excellent investor needs to have a decisive quality. When you see an opportunity, follow your instincts, and don't be afraid of losses; reasonable losses can help mitigate risks. Avoid being indecisive. Second: Entry Points

When entering a trade, there are two modes in digital currency: bullish and bearish, which can be categorized as low bullish, low bearish, high bullish, and high bearish. If there is a one-sided trend, all of these are feasible. However, if the market is in a sideways trend, then low bearish and high bullish are not needed; avoid chasing highs and cutting losses. Third: Position Size

The allocation of funds should match your psychological tolerance. When the position size is too large or fully invested, if the trend changes, the increased losses can lead to a shift in mentality, causing errors due to an inability to operate calmly and analyze. Fourth: Take Profit

In a one-sided trend, pushing the stop-loss can increase profit potential. However, in a sideways market, taking profit requires personal consideration of exit points. In a sideways market, small profits can accumulate over time. Fifth: Stop Loss

Before investing, you should determine your stop-loss price. After placing an order, set your stop-loss price. If the market does not move as you expected, you can quickly reduce losses and preserve your capital. Sixth: Frequency

Digital currency can be traded 24 hours a day, so it's easy to miss some market movements. You need to manage your trading frequency; excessive trading can lead to errors in technical analysis. Seventh: Mindset

The mindset is the most crucial aspect of this industry. The amount of profit can affect your mentality, but we should focus on whether we are making or losing money rather than how much we earn. It's better to earn less than to lose money due to a disrupted mindset. Eighth: Adding Positions

In a one-sided trend, we can add positions in the direction of the trend, but we should not add positions against the trend. Adding positions against the trend significantly increases the likelihood of greater losses. We should also avoid casually withdrawing or changing stop-loss orders against the trend. Ninth: Following the Trend

When the market exhibits a one-sided trend, we should not think about adjusting at any time. All indicators may appear overbought, but indicators can also diverge, and we must not act against the trend.