I am fully committed to cryptocurrency trading and plan to make it my lifelong career. I have grown from a complete novice to someone who supports my family through trading. I have summarized seven trading experiences. If you also want to achieve success in the field of cryptocurrency trading, then listen carefully to what I say; it may help you.

• When the price of a coin is steadily rising, a pullback is a good opportunity to buy. Just like driving, you wait for the red light to turn green before accelerating; a pullback allows us to gather strength for a stronger rise later.

• If the price of a coin drops, a rebound is a signal to retreat. Once the trend turns unfavorable, it becomes difficult to recover, and you may have to wait for months. Don’t hold on stubbornly or waste time; exit quickly!

• Short-term trading focuses on immediate fluctuations, while long-term trading looks at the overall trend. Don’t be misled by short-term small fluctuations; focus on the long-term fundamentals.

• Your guessed bottom is often incorrect; it may only be halfway down the mountain. The true bottom requires observing market sentiment and capital flow. Don’t blindly try to catch the bottom, or you might get stuck.

• Don’t always rely on good news to make money; real market movements are driven by expectations. Don’t act impulsively upon hearing news; most of the time, what you hear has already been played out by others. Even if it’s true news, by the time you find out, the market has already peaked.

• Don’t easily use leverage; it won’t help you win more but will only lead to greater losses. If you cannot bear the consequences, they will be unimaginable.

• Set stop-loss and take-profit points for yourself. When the price drops to a certain level, decisively stop-loss; when the price rises to a certain level, sell. Don’t excessively pursue gains; many people lose money in a bull market simply because they don’t know when to take profits. Learn to take profits when you can.

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