The current market is a rapid rise and slow fall. Short-term investors must keep an eye on the market. It is more comfortable to trade in the medium and long term.
First, do not hold onto positions, as the profits you bring back will eventually be given back to the market due to 'holding'. Second, do not guess tops and bottoms, as profits made from guessing will eventually be given back to the market. Third, do not guess tops and bottoms, as you might still be halfway up the mountain. Fourth, do not rely on news, as that is also 'guessing' tops and bottoms. Fifth, do not easily exit when in profit, as you might be running away halfway up the mountain. Sixth, do not get excited by large bearish or bullish candles, as they might just be 'performances' put on by the major players for the retail investors. Seventh, do not think that what you see in the market is the last wave of movement and rush in; as long as your capital is still in play, there will always be market movements. Eighth, do not trade frequently, as it will not only make you lose sight of the big direction and increase the probability of making mistakes, but it will also increase trading costs, which is not worth it. Ninth, do not take contrarian positions; if you are right, hold on tightly, if you are wrong, run quickly. Tenth, do not buy just because prices are low, and do not sell just because prices are high; do not act rashly if the trend has not changed. Eleventh, do not treat trading as a main job, and do not stare at the market; the time spent staring at the market is inversely proportional to profits. Twelfth, do not easily trust others' opinions; in the end, you are the only one worth believing in. Thirteenth, do not make big mistakes; missing an opportunity is not a big mistake, making a mistake and stopping loss is also not a big mistake; only holding onto positions with high leverage that leads to liquidation is a big mistake. No matter how many times you were right before, if you make one big mistake, all previous successes count as zero, and compounding will be halted. Fourteenth, if you want to gain in the cryptocurrency space, you must stay away from people who consume your attention; the proportion of such people is higher among women, and those who chat aimlessly all day will only waste your time and energy, ultimately leading to nothing. Fifteenth, if you do not have sufficient understanding, even if you follow others' trades, you cannot make money, as countless facts have proven, and the market changes too quickly to keep up with. In any investment market, slow is fast, and fast is slow; do not look down on investors with an annual return of 20% in the cryptocurrency space, as those who do not achieve dozens of times returns each year are often looked down upon. In fact, making money in the capital market is inherently difficult, and novices must be cautious of those high-profile traders; to make money in cryptocurrency, one must rely on continuous learning.
I am in the cryptocurrency space, achieving financial freedom. I have always strictly followed the iron rules of the market: 1. If a strong coin drops for 9 consecutive days from a high position, make sure to follow up in time. 2. If any coin rises for two consecutive days, make sure to reduce your position in time. 3. If any coin rises more than 7%, and there is still a chance of a further rise the next day, you may continue to observe. 4. For strong bull coins, make sure to enter only after the pullback has ended. 5. If any coin has been flat for three consecutive days, observe for another three days; if there is no change, consider switching. 6. If any coin fails to recover the previous day's cost price the next day, you should exit in time. 7. If there are three on the rise list, there must be five; if there are five, there must be seven. For coins that rise for two consecutive days, enter at a low point; the fifth day is usually a good selling point. 8. Volume and price indicators are crucial; trading volume is considered the soul of the cryptocurrency space. When the price breaks out at a low level during consolidation, it needs attention; if there is high volume stagnation at a high level, exit decisively. 9. Only choose coins that are in an uptrend for trading; this maximizes the odds and doesn't waste time. A 3-day line turning upwards indicates short-term gains; a 30-day line turning upwards indicates medium-term gains; an 80-day line turning upwards indicates a main trend rise; a 120-day moving average turning upwards indicates long-term gains. 10. In the cryptocurrency space, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can also achieve wealth reversal in this land full of opportunities. Remember, while the cryptocurrency space is good, the risks are also high. Only by continuously learning, summarizing experiences, and improving oneself can you go further!
Contracts are not scary; find the bottom to build positions. Before building positions, be sure to calculate the stop-loss level and how much loss you can bear. If you're right, hold it; if you're wrong, cut losses and repeat. We are speculators, not gamblers. Next, let's discuss the seven taboos of contract trading. 1. Position holding syndrome. This is a common ailment among investors, with "symptoms" such as: when there are no positions, feeling restless and needing to place orders; when there are positions, feeling panic, not knowing what to do once the market moves in the opposite direction; believing opportunities are endless, always wanting to operate, resulting in greater losses the more they trade. 2. Frequent "all-weather" trading. Many investors want to be all-rounders, going long after finishing short and vice versa. Although they set strict demands on themselves, this goes against the importance of following the market trend. When one force does not break another, do not entertain the thought of trading against the trend; in a bull market, go long, close longs, then go long again... In a bear market, stick to shorting, closing shorts, then shorting again, then closing shorts again...
Buy when the price goes up Buy and it will fall I panic when I fall. Sell in a hurry The price goes up as soon as you sell it Buy when the price goes up Buy and fall again A fall and panic Selling in a panic Selling and rising Buy when the price goes up Buy and then fall Once you fall, you panic Selling in a panic Selling and rising … … … [Cover face]
It can be said Cycle after cycle All wheels are hot wheels Cut one crop after another New sprouts after stubble
In fact, everyone's life is a story from a little white rabbit to a big bad wolf and then to an old fox.
Quote: Do not be intimidated by the enemy's fierce momentum, Do not be discouraged by the difficulties that can still be endured, Do not lose heart from temporary setbacks, The road is winding, the future is bright, the darkness is about to pass, the dawn is right in front of you, Favorable conditions and proactive recovery arise from the effort of persisting just a little longer.