1. Don't let floating profits turn into losses. Once you have more than three points of floating profit, set a protective stop loss near the opening price to never lose your principal.

In the cryptocurrency world, it is easy to rise more than three points, especially for small altcoins. At this time, you can slightly enlarge your profit-taking position and adopt a moving stop-loss approach, especially during a bear market. Frequent profit-taking is a must to protect your profits from being taken away.

Normal people can't handle the feeling of originally being in a floating profit state, happily thinking about how to use this profit to buy something. But soon, the floating profit turns into a floating loss, and the feeling of going from heaven to hell is unbearable for those with weak mental fortitude. Emotions can easily be affected, which in turn affects your decision-making and judgment abilities, leading you to make some foolish decisions. By the time you wake up, you find that your account funds have also basically sobered up, and it is too late to regret.

2. Don't make small profits and big losses!

It's like playing baccarat. Today I go in and win 500 with 100 or 200 chips, and I'm satisfied and retreat. The next day I win another 500 and retreat again, feeling happy. But when the third day comes, it doesn't go so smoothly; I go in and lose 500. Unwilling to accept that, I continue to bet, trying to win back my losses by betting another 500. It was a mistake, and I lost 1000. All the profits from the previous two days are gone, and then unwillingly, I continue to gamble, throwing 500 and 1000 chips around. As a result, I end up losing a lot. This is a typical case of winning a little and losing a lot.

2. Embrace the trend and act accordingly. The buying price is not better the lower it is, but rather the more suitable it is. You won't gain an advantage just because the buying price is cheap, because a decline doesn't indicate a bottom. Abandon junk coins; the trend is king.

3. In fact, in the speculative market, being adaptable is the most incorrect approach. Use your fixed trading system consistently. It is not that you should fear using ten thousand methods; it is that you should fear using one method ten thousand times. Staying still is the best defense. Often, the times when you are most reluctant are the times when you make the most mistakes. Take this seriously!

4. Patience is the foundation for making money. You may have to learn for a long time and be deceived countless times before you understand what the cryptocurrency world is like. It's okay; cherish every experience of being deceived; these are lessons to be learned on the path of investment.

5. When the price of the coin enters a stable upward channel, each pullback is a temporary stop, which is a good opportunity for us to get on board. There are no coins that keep rising; pullbacks are like compressed springs, preparing to jump higher.

6. Manually judging the bottom is basically never accurate; it is often halfway up the hill. The true formation of the bottom can be seen from sentiment and capital, so never blindly try to catch the bottom. Usually, 10 people try to catch the bottom, and 9 end up trapped.

7. When holding a position with profits, close it once you reach your psychological level. Don't try to take it all. At the same time, pay attention to position and leverage control. You need to learn to strictly control your position based on your product's leverage combined with your available funds.

8. Use moving averages: short-term operations generally refer to the five-day, ten-day, and twenty-day moving averages. When the five-day moving average crosses above the ten-day and twenty-day moving averages, and when the ten-day moving average crosses above the twenty-day moving average, it is called a golden cross, which is a buying opportunity. Conversely, it is called a death cross, which is a selling opportunity.

9. If your mindset in trading cryptocurrencies is not right, having millions can still lead to losing everything. Trading cryptocurrencies is all about mindset; it is a psychological game, a contest of intelligence among millions, and a fierce psychological battle.

10. Finally, of course, learn more about cryptocurrency investment, enrich yourself, and summarize daily. As the saying goes, practice is the only criterion for testing truth. Only through a large amount of real trading can one truly enter the world of cryptocurrency trading.#MEME趋势风向