Hello, brothers. I am trader Zhu Yici. Here are my recent trading experiences:

(1) The sooner you sell a junk coin, the better. Don’t harbor any illusions, otherwise you will only get deeper and deeper into the trap. There must be a reason why it keeps falling. Although you don’t know the reason, the fall is the best signal. The simpler the transaction, the better. Go back to basics, buy when it goes up and sell when it goes down, and let nature take its course.

(2) A falling market is not entirely a bad thing. It gives you a lower purchase cost and you can accumulate low-priced chips. You can also switch chips from weak currencies to strong currencies when the market is generally falling. If you manage your positions well, the decline will give you the opportunity to trade in waves and maximize your profits by buying low and selling high multiple times. The key here lies in your trading rhythm and market sense.

(3) The size of your position determines your mentality. People are all emotional. When your position is too large, your mentality is easily unbalanced. A bad mentality will lead to continuous stupid moves. In my opinion, a trading mentality is more important than trading skills. There is a poem that says, "The body is a bodhi tree, the mind is like a mirror, always wipe it and don't let it get dusty."

(4) Overcome the weaknesses of human nature and make the best choice. Some trading decisions are difficult to make up your mind to execute. Although you know that the current behavior is wrong, out of inertia or loss aversion, you continue to hold on to it with a fluke mentality. This is particularly evident in the issue of stop loss. Remember, trading is anti-human, and only rational people can have the last laugh!