23 trading tips, a summary of the bull and bear markets
Although I have suffered many losses, I have also made a lot of profits. During this period, I summarized 23 trading tips and shared them with you.
1. Be cautious about the risks of reinvesting profits
When you make a fortune, the best thing to do is to invest it in more stable assets such as Bitcoin and Ethereum, rather than in high-risk projects. High-risk investments rarely bring substantial changes.
2. Be cautious and think independently about multiple suggestions
All kinds of suggestions seen on Twitter need to be independently researched and analyzed to avoid blindly following the trend.
3. Make early arrangements and don't be greedy to chase the rise
When you feel panic buying, it is often too late. If everyone is talking about a project, it is probably too late and you should look for other opportunities.
4. It is crucial to record transaction details
Whether you are an airdrop, an active spot investor or other role, you should record every transaction because it is impossible to remember everything in your mind.
5. Failure is not terrible, the important thing is to keep moving forward
Failure will make you stronger, you should stand up in time and set new goals for yourself.
6. Precise use of tools is better than a large number of tools
You don’t need to use too many tools, just use those that are really effective.
7. Limited attention, don’t spread too much
In the crypto field, attention and funds are limited resources. Don’t waste them on meaningless things, and focus on the key points.
8. Diversified investment is an effective way to increase returns
Through a reasonable investment portfolio, you can reduce risks and retain profits.
9. Don’t pursue excessive returns
Excessive expectations often bring greater risks, and you should aim for stable profits.
10. Follow but don’t follow blindly
Keep an eye on new projects and new narratives, but don’t follow blindly.
11. Project fundamentals are crucial
A good project should have good fundamentals, including team, products, token economics, etc.
12. Establish your own investment system and stick to it
Develop your own investment strategy, strictly implement it, and constantly adjust it to adapt to market changes.
13. Control the scope of attention and focus on depth
In the crypto field, focus on 2-3 areas and become an expert in this field to get better returns.
14. Avoid overly enthusiastic projects
Projects that are over-hyped are often risky and should be treated with caution.
15. Keep a clear mind
Stay sober when trading and avoid making impulsive decisions when drunk, sleepy or sick.
16. Stablecoins are also risky
Stablecoins may also decouple and should be used with caution.
17. Pay attention to the food chain in the crypto field
Understand the food chain in the crypto field and avoid becoming a passive part.
18. Avoid overly enthusiastic projects
Projects that are overly enthusiastic are often risky and not worth paying too much attention to.
19. Keep calm and objective thinking
Keep calm and objective thinking when trading 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 emphasized.
21. Learn to listen to the big picture
Understanding what is happening around you will help the trend of the crypto market.
22. Learn to listen to expert advice
Learn to listen to expert advice, but don't blindly follow the trend and think independently.
23. Be brave to try, don’t be afraid of failure
In the field of encryption, it is important to be brave to try, don’t be afraid of failure, only by constantly trying can you make continuous progress.
In the bull-bear cycle of the encryption market, these trading experiences can help investors invest more rationally and steadily, avoid blind decisions, and get better returns.
