In the field of cryptocurrencies, researcher Ronin has accumulated rich experience in seven years of trading. Although he has suffered many losses, he has also gained a lot of profits. During this time, he summarized 23 trading experiences and shared them with everyone.
1. Be cautious about the risks of profit reinvestment
When you make a fortune, the best thing to do is to invest it in more stable assets like Bitcoin, Ethereum, rather than in risky projects. Risky investments rarely bring about substantial changes.
2. Multiple suggestions require careful and independent thinking
Any suggestions you see on Twitter require independent research and analysis to avoid blindly following the crowd.
3. Make plans early and don’t be greedy and chase the rise
When you panic buy, it’s often too late. If everyone is talking about a project, it’s probably too late and you should look for other opportunities.
4. Recording transaction details is crucial
Whether you are an airdrop investor, an active spot investor, or another role, you should record every transaction because it is impossible to remember everything in your head.
5. Failure is not terrible, what matters is to keep moving forward
Failure will make you stronger. You should stand up in time and set new goals for yourself.
6. Precision tools are better than quantity
There is no need to use too many tools, only those that really work.
7. Your attention span is limited. Don’t spread it too thin.
In the crypto space, attention and money are limited resources. Don’t waste them on meaningless things; focus on the key points.
8. Diversification is an effective way to increase returns
Through a reasonable investment portfolio, risks can be reduced and profits can be retained.
9. Don’t chase excessive returns
Excessive expectations often bring greater risks, and one should aim for steady profits.
10. Follow but don’t follow blindly
Stay tuned for new projects and new narratives, but don’t blindly follow them.
11. Project fundamentals are crucial
A good project should have good fundamentals, including team, products, token economics, etc.
12. Build your own investment system and stick to it
Develop your own investment strategy, implement it strictly, and constantly adjust it to adapt to market changes.
13. Limit your focus and focus deeply
In the crypto space, focusing on 2-3 areas and becoming an expert in that field will yield better returns.
14. Avoid overzealous projects
Projects that are over-hyped are often riskier and should be viewed with caution.
15. Keep a clear mind
Stay sober when trading and avoid making impulsive decisions when you are drunk, sleepy or sick.
16. Stablecoins also have risks
Stablecoins may also become unpegged and should be used with caution.
17. Be aware of the crypto food chain
Understand the crypto food chain and avoid being a passive part of it.
18. Avoid overzealous projects
Projects that are too enthusiastic are often risky and not worth too much attention.
19. Keep calm and objective thinking
When trading, you should keep calm and think objectively, and avoid being swayed by emotions.
20. Fundamentals determine everything
The fundamentals of a project determine its long-term development potential, and fundamental analysis should be taken seriously.
21. Learn to listen to the big picture
It helps to be aware of what is happening around you and how the crypto market is moving.
22. Learn to listen to expert advice
Learn to listen to the advice of experts, but don't follow them blindly, and think independently.
23. Be brave to try, don’t be afraid of failure
In the field of encryption, it is important to have the courage to try and not be afraid of failure. Only by constantly trying can you make continuous progress.
In the bull and bear cycles of the crypto market, these trading experiences can help investors invest more rationally and steadily, avoid blind decisions, and obtain better returns.
