What do you think is the most important thing in cryptocurrency trading?

Understand the technical aspects? Understand the fundamentals of the project? Understand the market rhythm and emotions? Wrong, these are all important, but not the most important!

The most important thing in cryptocurrency trading is to understand yourself!

It is important to understand what your strengths are, what your weaknesses are, what your rational characteristics are, and what your irrational weaknesses are!

Friend A will participate in the KOL round of investment in some small start-up projects. The characteristic of this type of investment is that it may not make more money than selecting a good target in the secondary market, but if the general source is discussed in detail, there is a high probability that you will not lose money. Friend A's logic is that if he buys coins in the secondary market, he can't hold on and it is easy to sell them on the mountainside. It is better to participate in this early investment. Generally, the first unlocking may pay back the money, and even make some money. The unlocked ones will be sold one after another, and it should not be a problem to double the income. Note that I am talking about A. His investment channel source is reliable, which is his advantage. And not being able to hold is his weakness, so he chose a method that suits him.

Friend B likes to chase the rise. Her characteristics are opposite to A. She can hold on. Even if it falls, she can still get the big bull start. Chasing the rise makes her trapped in the short term, but in the long run, she can get the big bull market to ship.

Friend C has a market analysis system that combines macro and technical aspects, and mainly analyzes big cake. So in addition to big cake and concubine spot, he also plays leveraged contracts, and the short-term analysis is accurate with a high probability. Sometimes he also uses contracts to hedge spot. He generally does not analyze the fundamentals of cottage projects, but mainly makes profits in big cake and concubine futures.

Let me talk about my husband. My husband never analyzes the fundamentals of the project in depth. But his advantage is that he is more sensitive to market sentiment. Shib in 2021, early boarding, dozens of times profit. Inscription in 2023, Soha Sats, 1.5 times profit. He knows himself, so he doesn't hoard any mainstream coins, and his main focus is buying on the right side. He is keen to grasp the hot spots and decisively chase the rise.

Finally, let me talk about Brother Feng himself. Brother Feng looks at the fundamentals and actually has some institutional thinking. He is passionate about projects with technological innovation.This kind of project, Brother Feng can hold on to. But Brother Feng can't hold on to local dogs, MEME, or imitations with strong backgrounds. When the price rises, he wants to sell it when he gets his money back, and when it falls, he wants to cut his losses. This is also what Brother Feng has concluded after four or five years. Therefore, Brother Feng only buys mainstream coins and doesn't touch meme and local dogs. When it falls, Brother Feng is not sure whether it is the bottom, and even bearish on the medium-term trend, but his body is very honest and he still increases his position. Then, regardless of the rise or fall in the future, Brother Feng can get these coins to the big bull market.

So, technical aspects, fundamentals, and market sentiment are all important, but understanding yourself is the most important. Understand which currencies, transactions and investment methods are suitable for you.

Moreover, there is no end to the learning of technical analysis, project analysis, market analysis... These contents, and emotional management require a lot of experience and even lose a lot of money to pay tuition to improve.

If you don't even understand yourself, how can you learn those? !

What's more, you must first understand what you are suitable for, and then you can selectively learn and exercise!