A cryptocurrency expert shared his investment experience, starting with 300,000 yuan, losing money to 70,000 yuan, and eventually turning his assets into 10 million yuan. His secret to success lies in continuous learning and improving cognition. Here are six valuable experiences:
1. If the market plummets in the morning due to negative news the night before, don't rush to sell. This may be an overreaction and the market may repair itself; and don't be impulsive to chase high prices in the late trading, so as not to be lured by the main force and be locked in by a low opening the next day.
2. Pay attention to trading volume, which is a thermometer of market sentiment. A shrinking rise means that the main force has strong control, while a shrinking fall means that the bottom has not been reached and panic trading has not been exhausted.
3. The rise and fall of the sector has a regular pattern, usually divided into five waves: attracting followers in the early stage, reshuffling in the middle stage and then strongly pulling up (the third wave is the most violent), and complex fluctuations in the later stage until shipment. But you must also respond flexibly. Top signs such as weakening momentum of leading stocks and weak rebound may indicate the arrival of the top.
4. The top of Bitcoin (pie) is often accompanied by abnormal surges in some small currencies, followed by a reversal. Observe the dynamics of leading stocks. If they stop falling and rebound, the overall market may also rebound.
5. For novices, it is crucial to focus on one investment strategy. You can't bite off more than you can chew. You can only gain a firm foothold by specializing in one skill. After stable profits, you can gradually expand your skill tree.
6. The market trend is nothing more than upward, sideways or downward. Different strategies should be adopted in different stages: technical analysis is more accurate in the rising period, high selling and low buying are more efficient in sideways trading, and most indicators fail in falling, so strategies need to be adjusted flexibly.
The road to investment needs to be cautious.
Follow me, let's explore the road of ups and downs in the currency circle together.
