#ATO In the past decade of the cryptocurrency world, people have come and gone, bustling with activity. But truly, out of ten, you can hardly pick one who can stand firm. My cousin almost became one of the nine who were eliminated. Three months ago, he came to me with 30,000, his face full of confusion and helplessness.
#SlREN I gave him ten pieces of advice and told him, "Just follow it, don't overthink it." He actually listened and did as told. Three months later, he had 110,000 in his account, and he hadn't blown his account even once. That day, he asked me, "Brother Jie, how did you come up with these ten sentences?" I replied, "It's not that I'm smart, it's that I used to be foolish enough. Each time I blew my account, chased highs, or stubbornly held positions, it eventually distilled into these ten pieces of advice."
Today, I write these down in hopes of helping you avoid a few pitfalls. First, when your capital is small, never go all in; capturing a real big market movement once a year is enough for you to profit. Second, never touch projects you don't understand; many people lose money just because they blindly venture into unfamiliar areas. Third, when good news arrives, you must remain calm; sometimes, when the news lands, it's actually when funds withdraw and cash out. Fourth, it's best to close positions before holidays; during these times, the market is volatile and risks are high. Fifth, for medium-term trading, make sure to keep enough cash on hand; selling high and buying low is more practical than trying to capture the entire market movement. Sixth, for short-term trading, choose coins with trading volume; coins without volume, no matter how good they look, are hard to go far.
Seventh, a declining market is the most grueling, but a real quick rebound often appears after panic accelerates. Eighth, if you make a wrong purchase, admit it generously; as long as your capital is still there, opportunities will come again. Ninth, the key to short-term trading is to watch the rhythm; many people focus on 15-minute candlesticks to find buying and selling points, but rhythm is actually the core. Tenth, you don't need too many trading methods; just find one or two sets that suit you and refine them repeatedly. In this market, making money isn't the hardest part; the hard part is being able to stay at the table. Avoiding one pitfall can sometimes be more important than making an extra buck.