Wealth Accumulation: The wealth in the crypto space is often concentrated during brief peak periods. Most of the time is spent waiting for opportunities, and holding a full position is not wise. Beginners tend to be eager to enter the market, fearing they might miss out on trends, but remember, waiting itself is an investment strategy.
Take Profit and Stop Loss: The key in trading is not when to buy, but when to sell. Strictly setting take profit and stop loss points is what distinguishes true experts.
Beware of Following the Crowd: Hearing that someone made money from a certain coin, do not blindly follow the trend. By the time the news reaches you, it is often at a high point, and entering rashly poses great risks.
Rational Investment: Do not develop blind faith in any coin; when you earn, exit in time. Recognize the opportunities and quietly wait for the next chance; the crypto world is a competition of who can survive the longest.
Approach Rationally: Do not fantasize about getting rich overnight; the probability is extremely low. The money you can earn will always be within the scope of your understanding.
Risk Management: Investing comes with risks, so be cautious. Do not stake all your possessions; before entering this circle, leave yourself a way out.
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