14 points to remember when trading cryptocurrencies, which can help you avoid pitfalls in the crypto world!

1. Luck and hesitation: Luck is the culprit of increased risk, and hesitation can lead to missed opportunities.

2. If long-term is gold and short-term is silver, then swing trading is diamond.

3. Never go all in at any time; this helps maintain a calm mindset and allows you to attack when the opportunity arises and defend when necessary.

4. Eat the fish in the middle, leave the head and tail for others.

5. Frequent trading will definitely lead to losses; indecisiveness leads to slow losses.

6. Trading mindset comes first, strategy second, and technical skills are only third.

7. Market trends emerge from despair, develop in hesitation, and end in frenzy.

8. Greed is the eraser of profits; greed and fear are major taboos in investing.

9. Opportunities arise from declines; trading cryptocurrencies is about trading the future, with cash being king.

10. Buying relies on confidence, holding relies on patience, and selling relies on determination.

11. There are no absolutely accurate indicators, only retail investors with partial understanding; indicators are useful for those who know how to use them and harmful for those who don’t.

12. Trading cryptocurrencies without stop-losses will definitely lead to significant losses.

13. When others are fearful, we should be greedy; when others are greedy, we should be fearful.

14. Beginners look at price, seasoned traders look at volume, and experts look at momentum.