Some truths about trading, written for those who want to survive longer in the crypto world.
A senior once told me a saying that I remember to this day.
He went from 50,000 to 8,000,000, and only said one thing:
The crypto world never lacks opportunities; what it lacks are emotionally stable people.
Most people in the market are actually led by their emotions.
If you can control your emotions, the market is often an ATM.
What truly creates a gap is not the news, not the feeling, but the operational strategy.
The following are practical principles that I have repeatedly verified:
Think clearly before entering the market; don't chase after seeing movement.
After a low-level consolidation, a further drop is often an opportunity; after a high-level consolidation, a further rise is usually a sign of selling.
You need to understand when to sell during a quick rise, and dare to buy during a quick drop; when the market is stagnant, it's often building up direction.
Emotional release in the morning session makes large drops more likely to present opportunities, while large rises require learning to reduce positions.
In the afternoon and evening sessions, don't chase large rises, and large drops are better suited for waiting until the next day.
Don't sell on spikes, don't buy on crashes, and during sideways phases, it's better to watch.
Dare to buy on bearish candles, dare to sell on bullish candles; following human nature will never lead to profit.
Being fully invested is a major taboo in trading; taking profits and cutting losses is not a technical issue, it's a survival issue.
Ultimately, trading crypto is essentially about trading mindset.
When you're greedy, you can't see the risk; when you're fearful, you can't seize the opportunity.
Not chasing highs and not cutting losses is how to make trading a long-term endeavor.
Several trading methods I commonly use, which are the most practical, apply to both novices and veterans, and cannot be overlooked in these scenarios:
1. Volatile market
Mainly high selling and low buying, look at the range and BOLL, capture support and resistance, don't be greedy.
2. Trend change breakthrough
The longer it consolidates, the more intense the movement. If the direction is right, execution must be decisive.
3. Trend market
Once it moves unidirectionally, only trade in the direction. Don't panic on pullbacks, get on board during rebounds.
4. Key level trading
Important support and resistance levels are often points of capital contention, with the highest success rate.
5. Pullback rebound
After significant rises and falls, the segment of emotional recovery is often the easiest to trade.
A final reminder:
The crypto market does have high volatility and many opportunities, but those who can stay are never the most aggressive, but rather the calmest.
Treat trading as a long-term project, not a gamble for quick riches.
Go slower, and you may end up going further.
