14 points to remember when trading cryptocurrencies, which can help you avoid detours in the crypto world!
After several years of ups and downs in the crypto market, I have come to some experience summaries!
1. Luck and hesitation: Luck is the culprit that increases risk, and hesitation can lead to missed opportunities.
2. If long-term is gold, short-term is silver, then swing trading is diamond.
3. Never go all-in at any time, this helps maintain a calm mindset and allows you to attack when necessary and defend when needed.
4. Eat the middle part of the fish, leave the head and tail for others.
5. Frequent trading will definitely lead to loss, indecision leads to slow bleeding.
6. The mindset in trading is the first priority, strategy is second, and technique is only a distant third.
7. The market emerges in despair, develops in hesitation, and ends in madness.
8. Greed is the cloth that wipes out profits; greed and fear are major taboos in investing.
9. Opportunities are created in downturns; trading crypto is about trading the future, cash is king.
10. Buying relies on confidence, holding relies on patience, and selling relies on determination.
11. There are no absolutely accurate indicators, only retail investors with partial understanding; indicators are useful for those who know how to use them, but harmful for those who do not.
12. Not using stop-losses in crypto trading will lead to significant losses.
13. When others are fearful, we should be greedy; when others are greedy, we should be fearful.
14. Beginners look at price, experienced traders look at volume, and experts look at trends.
As a seasoned investor in the crypto world, I freely share my experiences and insights. Interested in the crypto space but don't know where to start? Follow me to see my insights and guide you to achieve freedom in this bull market.