Investing in the cryptocurrency market requires keeping the following key principles in mind:
Think like a market maker: Maintain sharp insight and make calm and precise decisions.
Avoid wishful thinking: Analyze the market rationally and avoid blindly following trends in investing.
Abandon the fantasy of long-term investment: The market is highly volatile; you need to be flexible and not overly rely on the fantasy of long-term investments.
Take profits in a timely manner: Know when to take the gains, do not be greedy, and decisively exit once your expectations are met.
Avoid excessive obsession: When faced with unfavorable situations, know when to exit, stay calm, and avoid emotional decision-making.
Steer clear of a self-important mindset: Remain humble, be aware of your strengths and limitations, and avoid excessive confidence.
Understand the core of success: Sufficient capital and a market maker's mindset are often the keys to victory.