🚨To play in the cryptocurrency circle, you need to have these understandings, otherwise you can easily lose money?
1. It's a big taboo for beginners to trade contracts; it's easy to get carried away, so cherish your resources. Don't wait until the wind comes and you have no resources left.
2. Whether in spot or contract trading, always know when to stop; securing your gains is important, ambition can make you lose everything.
3. Be aware that there are many shills and scams in this circle; avoid using unknown exchanges (do more research, ask around).
4. This is a game that tests insight and endurance; 99% of love has no value, and the winner is the one who knows when to take profits. Don't think you can ride a single trend from start to finish.
5. This game is about how the market makers play their cards, and you should respond accordingly. Sometimes, after the market makers accumulate enough, they will directly withdraw funds and cut losses; their capital will then rotate to the next coin. Sometimes they will continue to push prices up even before reaching their expected levels to cut losses, so always think like a market maker.
6. Recently, avoid trading on Saturdays and Sundays; there are rarely significant increases as market makers' funds are not in play.
7. New coins going on-chain or on exchanges are just for cutting losses; don't think the market makers will raise prices for you for free to help you make money; it's all hard-earned money from retail investors. Remember, this is just a game of capital.
8. Be sure to learn to review, summarize, and review again.
