Coin trading experience 1. Big dump is the touchstone for testing high-quality coins. If the market experiences a big dump and your coin falls slightly, it is evidently a sign of market stabilization by the dealer, refusing to fall any further. Therefore, such a coin can be held with confidence and will surely yield returns. 2. If newbies do not know how to buy and sell, the simplest and most direct method is to hold the coin on the short-term 5-daily candlestick and sell when it breaks the 5-daily candlestick. For the medium term, hold the coin on the 20-daily candlestick and sell when it breaks the 20-daily candlestick. There are many methods, and the best one is the one that suits you. The difficulty in trading does not lie in the absence of methods, but in the execution. Mindlessly adhering to and repeating a method will pose no problem for over 90% of people. Simplicity is the ultimate sophistication. 3. Once the main rising wave is formed and there is no obvious surge in trading volume, intervene decisively. Hold the coin as the volume rises and the price rises, and continue holding the coin as the volume falls and the trend remains intact. If the volume falls sharply and breaks the trend, reduce the position promptly. 4. When a coin is on an upward trend, do not look at any indicators other than the trading volume. Hold the coin for light and stable trading, and run when there is a huge trading volume. Volume and price are the soul of trading, where volume is the water and price is the ship. 5. After buying in the short term, if there is no fluctuation for three days, sell if possible. If the price does not rise after buying, or worse, falls, set an unconditional stop loss at a 5% loss. 6. If a coin falls 50% from its high and continues to fall for 8 consecutive days, it has entered a super bearish channel. A rebound from this super bearish channel is imminent and can be followed up on. 7. When speculating on cryptocurrencies, focus on leading coins and avoid distractions, because leading coins rise the most during a surge and are the most resilient during a fall. Do not hesitate to get on board. Cryptocurrency speculation is often counterintuitive; do not buy simply because of a significant fall, and do not refrain from buying because of a significant rise. The more hesitant you are to buy, the more it will rise, and the more courageous you are to buy, the more it will fall. The strong will always prevail. When trading in the short term, the most important thing is to buy at a high and sell at an even higher price. 8. Embrace the trend and act in accordance with it. The buying price is not necessarily the lower the better, but the more appropriate the better. You will not gain an advantage simply by buying at a lower price, as the bottom is unpredictable. Abandon rubbish coins; the trend is king. 9. Do not let the desire for profits cloud your judgment. Remember, the most difficult thing in the world is to sustain profits. It is crucial to review carefully whether it was luck or skill that led to the profits. A stable and suitable trading system is the key to sustained profitability. 10. Do not trade for the sake of trading. What does this mean? It means that if you are not confident enough about the profitability of a trade, do not open a position. Short position trading is an art; those who buy are apprentices, those who sell are masters, and those who short are grandmasters. The primary consideration in trading is not profit, but capital preservation. Success in trading is not measured by frequency, but by success rate. 11. In the speculative market, being versatile is the most erroneous approach. Stick to your fixed trading system, and let the unchanging system adapt to all changes. Do not be afraid to use a single trading method repeatedly; staying put is the best defense. Oftentimes, the time when you are most unwilling to budge is when you make the most mistakes. Take this message to heart! 13. External factors are beyond your control, but the internal solution lies within yourself. Never attribute your failures to others; this is extremely important. Regardless of the circumstances, take full responsibility for your decisions. Only by taking responsibility can you confront and learn from mistakes, and avoid repeating them. True cryptocurrency speculators are warriors who dare to face their mistakes! 14. Pay little attention to external gossip, as opinions are neither right nor wrong. Many times, what you see is what they want you to see, or what you want to hear. Congratulations, if you lose interest in the media or any expert's methods, as this means you are not far from the path to success, because you may have added a little of your own, faith! 15. You may think you are trading the market, but in reality, you are trading yourself. The seemingly glamorous success we see is only the result and the manifestation. Behind every success is great perseverance and patience; behind every greatness is hardship. Time is the most valuable asset, and endurance outweighs intelligence. Aptitude is not important, but mindset is!