🔥 10 years of trading coins on my own, summarized into 7 hardcore experiences!

I am someone who is determined to trade coins for a lifetime! From being beaten up when I first entered the market to now trading full-time and supporting my family, these 7 pieces of advice are what I have earned through blood and tears. I hope you can gain some insights from this and avoid unnecessary detours.

1️⃣ Ascending channel, pullbacks are opportunities to get in

When the coin price enters a stable ascending channel, each pullback is a temporary stopover, a good opportunity for us to get in. Remember, there are no coins that keep rising; pullbacks are like a compressed spring, meant to jump higher.

2️⃣ Descending channel, rebounds are opportunities to exit

If the trend is clearly going bad, any rebound is your last chance to exit. When the trend is bad, it may take a long time before it rises again, so don’t hold on to your position and don’t waste your time and capital.

3️⃣ Short-term look at sentiment, long-term look at fundamentals

Short-term fluctuations are more driven by sentiment, but long-term rises rely on fundamentals. So don’t fixate on the small profits in front of you; when sentiment is right, fundamentals determine the height and sustainability of the rise.

4️⃣ Don’t blindly catch the bottom, look at sentiment and capital

Manually judged bottoms are mostly halfway down. The true bottom needs to consider whether market sentiment is at a freezing point and whether capital is starting to flow in. In 10 blind attempts to catch the bottom, 9 will get stuck.

5️⃣ Don’t overly rely on good news

Real market movements are driven by expectations, not by known good news. When you hear news, it may already be when others are selling off. The hotter the news, the more you need to stay calm.

6️⃣ High leverage is a double-edged sword, avoid it

High leverage does not increase your winning rate; instead, it amplifies your losses. Risks are under your control, don’t let greed ruin your principal.

7️⃣ Set clear stop-loss and take-profit levels, execute decisively

Set clear stop-loss and take-profit targets for yourself. Decisively stop-loss when it drops to a certain level, and secure profits when it rises to a certain level. Many people lose money in bull markets because they don’t take profits in time; greed is the most fatal.

💡 Little Easter egg:

Recently observed that Elon Musk's mother has called out $ρꪊρρⅈꫀડ 4 times, and the holding address has surpassed 16,000, with popularity skyrocketing! If you also believe in the Meme track, you might want to pay more attention to this potential coin; perhaps the next 10x opportunity is right here! #加密市场反弹 $BTC