To play in the cryptocurrency circle, you need to have these points of understanding, otherwise, you can easily lose money?
1. For newcomers, trading contracts is a big taboo; it's very easy to get carried away, so cherish your resources. Don't wait until the wind is favorable but find yourself out of resources.
2. Whether it's spot trading or contracts, you must know when to stop, securing profits is safer; ambition can make you lose everything.
3. Be aware that there are many shills and scams in this circle; do not trade on unknown exchanges (do more research and ask around).
4. This is a game that tests insight and endurance; 99% of love has no value; being able to take your profits is being a winner. Don’t think you can consume from the beginning to the end in one go.
5. This game is about how the big players play their cards, and then you react accordingly. Sometimes, when the big players have absorbed enough, they will directly withdraw and cut the retail investors; their funds will rotate to the next coin. Sometimes, they may not have reached their expected position, but they will continue to push prices up to cut retail investors; you must think like a big player.
6. Recently, avoid trading on Saturdays and Sundays; there are rarely significant price increases, as big players' funds aren't in the market.
7. New coins going on-chain or listing on exchanges are just intended to cut retail investors; don’t think the big players will raise prices for you to profit for free; it's all the hard-earned money of retail investors combined. Remember, this is just a game of capital.
8. You must learn to review past trades, summarize, and review again.
