Efforts in trading cryptocurrencies may not guarantee wealth, but persistence can lead to growth

After trading cryptocurrencies for 10 years, here are my core trading secrets for stable compound returns

1. Buy early on dips, sell early on rises: If you see a sharp drop in cryptocurrency prices in the morning, do not panic; this may be a golden opportunity to enter the market. Conversely, if prices soar, be wary of the risk of a pullback and reduce your position accordingly.

2. Afternoon strategy: If cryptocurrency prices continue to rise in the afternoon, be cautious about chasing higher prices to avoid standing at high levels; if there is a sharp drop in the afternoon, there is no need to rush to buy at the bottom; you can observe the market's reaction the next day before making a decision.

3. Maintain a stable mindset: It is crucial to stay calm in the face of market fluctuations. During a significant drop in the morning, avoid panic selling; when prices are range-bound, take the opportunity to rest and keep a clear mind.

4. Follow the trend: When the trend is unclear, avoid blind trading. Do not sell when prices do not reach new highs, do not buy unless there is a pullback, and primarily observe during a range-bound period.

5. Yin and Yang line strategy: When buying cryptocurrencies, choosing to buy on a bearish (Yin) line is more prudent; when selling, wait for a bullish (Yang) line to appear before considering an exit for higher returns.

6. Contrarian thinking: While following the trend is a fundamental trading principle, in certain situations, going against the trend can create miracles. Dare to challenge market conventions to become a true winner.

7. Patient observation: When cryptocurrency prices are consolidating, avoid rushing for results. Patiently wait for the market trend to clarify, and then decisively act to increase your chances of success.

8. Risks after high-level consolidation: When prices suddenly surge again after consolidating at a high level, be alert to the risk of a pullback. At this point, decisively reduce your position or exit to avoid getting trapped at high levels.

9. Hammer Doji warning: If the market shows a Hammer Doji pattern, it indicates that a market reversal may be imminent. At this time, closely monitor market dynamics, operate cautiously, and avoid the risks associated with being fully invested.