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After years of ups and downs in the crypto world, I have summarized my experience into eight maxims.
1. Making good use of the morning market: In the morning, it is the purest time for market sentiment. If the price drops sharply, don't panic. This may be a good opportunity to buy at a low price; if it keeps rising strongly in the morning, don't be greedy, take the opportunity to sell for profit and lock in the profits.
2. Grasp the afternoon strategy: if there is a sudden surge in the afternoon, don't be impulsive and follow the trend, as it is mostly speculative, and it is easy to get trapped at high positions; on the contrary, if there is a sharp decline in the afternoon, it's a good opportunity to stay calm, observe, and find the right entry point the next day, often resulting in acquiring chips at a lower price.
3. Stay calm during the downturn: When you wake up in the morning and see a sharp drop in coin prices, don't rush to cut losses and stop loss. The market changes rapidly, and the morning market fluctuations are often a 'deception'; if the market is stagnant and calm without any waves, don't be anxious. Instead, take a break and wait for opportunities.
4. Strictly adhere to the buying and selling rules: if the coins in hand have not risen to the expected high point, do not sell easily, making less is also losing; if it has not fallen to the psychological price, control your hands and refrain from buying in recklessly, so as not to catch the bottom halfway up the mountain; as for the sideways phase, the trend is chaotic, and the direction is unclear. At this time, trading is undoubtedly like a blind man touching an elephant, it is better to wait and see.
5. According to the operation of Yin and Yang lines: buy on Yin lines, sell on Yang lines, which can be called a classic strategy. When there is a Yin line, it means that the price is pulling back and the chips are getting cheaper, which is a good time to buy; when there is a Yang line, it indicates that a short-term uptrend is forming, and it is safe to sell at a high price.
6. Reverse thinking breakthrough: If you want to stand out in the crypto world, sometimes you have to go against the grain. When everyone is crazy about something, be more calm; when everyone is panicking to sell, be more decisive and dare to operate in reverse. Only by doing so can you find niche opportunities for getting rich outside the mainstream wave.
7. Endure the consolidation: It can be the most frustrating when the price stays at a high or low level for a long time. At this time, do not be overwhelmed by anxiety and act recklessly. Keep your patience and wait until the trend is clear, whether it is an upward or downward trend, then go all out.
8. Grabbing the tail of the rise: After a long period of consolidation at a high level, once it surges again, don't hesitate as this is probably the last craze. Sell it in time, grasp the actual profits on the books, otherwise it will slip away, and the cooked duck will fly away. #BTC #ETH #DOGE #GT #PEPE