Continued from previous article
1. Avoid buying coins at high prices. Keep a calm mind. It doesn't matter whether the coin appreciates or not. Treat it as if it doesn't exist. If you miss it, you miss it. Just pretend that the coin does not exist. There are so many coins on the market, why bother holding on to one and not letting go.
2. Coins are divided into two categories. Coins with good buying opportunities are high-quality coins, and vice versa. Coins with large-scale buying points are the best choice. Patiently wait for them to become truly high-quality coins. This is the correct mentality.
3. Mentality is crucial when speculating in cryptocurrencies. Many people buy in even though they know it is not the right time to buy. This is a mentality problem. If it is not solved, any theory will be invalid.
4. Maintain a stable mindset; do not have emotions towards any coin or price point, just pay attention to market signals. Have emotions regarding buying and selling points. If you have good skills and ample funds, you can operate weekly or monthly, build positions in batches, and diversify your investments; it's never too late for any opportunity.
5. The reasons for mistakes are always unrelated to the market; to find the reasons, one can only look within. Any mistake should be summarized in a timely manner.
6. The desire to make quick profits is a major taboo for traders; if you cannot control your heart and restrain greed and desire, you will not achieve long-term success in the market. When holding coins, your thinking is controlled by bulls; conversely, you become a slave to bears. Market sentiment thus accumulates and guides; those who cannot break free from this state will never become true market participants.
7. Trading coins tests long-term profitability rather than one-time explosive ability; the key lies in effective long-term trading strategies. When buying, consider various situations; be decisive when holding, and even more resolute when selling; this is how you can gradually improve.
8. The virtual currency market only rewards those who are patient; any quality coin requires time to cultivate. Those who constantly switch new coins are destined for minor gains. Focus on one thing; being busy without direction daily will not lead to substantial profits.
9. Follow the market rhythm; as long as you align with the market's pace, you can thrive even on the edge. Rhythm is the core of the market; participants who lack a sense of rhythm will face endless torment. Let go of greed and fear, and listen to the market's rhythm. As long as you act according to the rhythm, no one can stop you. The market has a rhythm, seize the current rhythm, and no one can defeat you.
10. When participating in the capital market, remember that the power of patience is the greatest. As long as you have a good mindset and skills, it is essential to patiently wait, hold, and observe; this way, you can overcome everything.
11. Follow me for irregular updates on experiences and insights, whether you are a beginner in virtual currency or a seasoned investor, you will find the information and insights you need here.
