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Having struggled in the Crypto Assets market for ten years, with eight years of profitability, I have deeply understood the essence of trading. Here are ten trading principles I have summarized; although concise, each one contains rich experience.
1. Stick to your judgment: When you hold low-priced chips, do not easily be misled by market fluctuations. Maintain your faith and be wary of possible market manipulation.
2. Go with the flow: When the overall trend is positive, buying in batches on dips is usually safer and more profitable than chasing after increases. Avoid using all your funds for operations, whether it’s chasing increases or selling off in panic.
3. Capital Management: Reasonably allocate profits and make full use of funds, rather than blindly increasing investments.
4. Mindset Control: Stay calm in the face of rapid rises and falls. Do not speculate, do not be impatient, do not be greedy, do not panic, and be well prepared before taking action.
5. Strategic Vision: Early investments require judgment based on experience regarding the project's prospects, while secondary market trading relies more on technical analysis and information grasp. Don't get the order reversed.
6. Layered operations: Both building positions and unloading should be done in layers, gradually adjusting positions to effectively manage risk and returns.
7. Pay attention to the overall situation: When trading, consider the interconnected effects of the entire market. The trends of a single coin are often influenced by other coins, so make good use of tools to obtain comprehensive information.
8. Balanced Allocation: Seek balance between popular coins and value coins. Being too conservative may lead to missed opportunities, while being too aggressive may face high risks. Value coins focus on stability, while popular coins are more volatile.
These principles encapsulate years of trading wisdom and hope to provide some reference for friends who aspire to this. Remember, in the Crypto Assets market, rationality and patience are often the keys to success.