In the crypto world, some people stir the water making it murkier, while others can quietly make a fortune.
Those traders who stare at candlestick charts every day and frequently make trades often end up with devastated accounts. In contrast, those who seem to do little tend to see their account balances grow year after year. Where does the gap lie? Simply put, it's the difference in cognition and methods.
The market has never lacked opportunities; what is lacking is the ability to recognize those opportunities. The following tips can help you save a lot on tuition fees.
**Recognize the rhythm of the main players, don't be led by emotions**
When the main force is quietly collecting chips, the market is often terrifyingly quiet—trading volume shrinks, prices fluctuate within a narrow range, and the candlestick chart is as flat as water. Many people think it’s a dead coin, but in fact, this is the layout phase.
When the accumulation phase is nearing its end, trading volume will begin to increase, and although prices may fluctuate, the lows are rising. Entering the market at this time is much wiser than chasing after breakouts. Once the real rally begins, what you need to do is hold onto your positions and wait for profits, rather than getting exhausted by chasing highs and cutting losses.
**Consolidation is an opportunity, not a disaster**
One of the tricks that the main force is best at is suddenly launching a sell-off at a critical price point. The purpose is very simple: to scare away those who are not firm in their holdings, while also scaring off those who want to enter the market, causing them to watch from the sidelines.
But the real wash trading has a characteristic: important support levels will not genuinely break, and even if they do, they will quickly be pulled back. The longer the oscillation lasts, the more concentrated the chips will be in the hands of a few people, and the subsequent explosive power will be stronger.
Learn to observe the flow of chips in times of panic, and look for signals to stop the decline during a downturn—rather than following a group of people in the community and emotional wailing.
**Position management is the moat**
Those who want to turn their fortunes overnight often end up back to zero overnight.
Truly successful traders who can consistently make profits understand the importance of gradually building positions. When the market is unclear, it's better to stay in cash and observe, waiting for the trend to firmly establish itself before making a significant move. Most of the time is spent patiently waiting, and only a few moments require decisive action.
Heavy investment is not about courage, but about seizing certain opportunities. Light investment is not about being timid, but about respecting risks.
**Focus on the track, don't change direction randomly**
The most common way to incur losses in a bull market is not by choosing the wrong coin, but by constantly switching back and forth.
Seeing others' coins skyrocketing makes me anxious, while watching my own coins stagnate makes me irritable. In the end, it's not the market that harvests me, but my own worries and fears that bring me down. Once I choose the track I believe in, I focus on doing this one thing well. I don't chase trends, I don't switch frequently; the returns that are meant to come will naturally come.
**Plan your trades, not your emotions**
When it falls, I want to buy at the bottom; when it rises, I want to go all in—this impulsive behavior is the main culprit of losses.
What you need is a trading plan made in advance: clear entry points, a defined stop-loss line, and a reasonable take-profit strategy. As long as you can enter the market only when there is a signal, exit when the stop-loss is triggered, and lock in profits when the target is reached, you have already surpassed most people.
The essence of trading is a game of probabilities, not gambling. Master the methods, control the risks, and time will give you the answers you seek.
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In the crypto world, some people stir the water making it murkier, while others can quietly make a fortune.
Those traders who stare at candlestick charts every day and frequently make trades often end up with devastated accounts. In contrast, those who seem to do little tend to see their account balances grow year after year. Where does the gap lie? Simply put, it's the difference in cognition and methods.
The market has never lacked opportunities; what is lacking is the ability to recognize those opportunities. The following tips can help you save a lot on tuition fees.
**Recognize the rhythm of the main players, don't be led by emotions**
When the main force is quietly collecting chips, the market is often terrifyingly quiet—trading volume shrinks, prices fluctuate within a narrow range, and the candlestick chart is as flat as water. Many people think it’s a dead coin, but in fact, this is the layout phase.
When the accumulation phase is nearing its end, trading volume will begin to increase, and although prices may fluctuate, the lows are rising. Entering the market at this time is much wiser than chasing after breakouts. Once the real rally begins, what you need to do is hold onto your positions and wait for profits, rather than getting exhausted by chasing highs and cutting losses.
**Consolidation is an opportunity, not a disaster**
One of the tricks that the main force is best at is suddenly launching a sell-off at a critical price point. The purpose is very simple: to scare away those who are not firm in their holdings, while also scaring off those who want to enter the market, causing them to watch from the sidelines.
But the real wash trading has a characteristic: important support levels will not genuinely break, and even if they do, they will quickly be pulled back. The longer the oscillation lasts, the more concentrated the chips will be in the hands of a few people, and the subsequent explosive power will be stronger.
Learn to observe the flow of chips in times of panic, and look for signals to stop the decline during a downturn—rather than following a group of people in the community and emotional wailing.
**Position management is the moat**
Those who want to turn their fortunes overnight often end up back to zero overnight.
Truly successful traders who can consistently make profits understand the importance of gradually building positions. When the market is unclear, it's better to stay in cash and observe, waiting for the trend to firmly establish itself before making a significant move. Most of the time is spent patiently waiting, and only a few moments require decisive action.
Heavy investment is not about courage, but about seizing certain opportunities. Light investment is not about being timid, but about respecting risks.
**Focus on the track, don't change direction randomly**
The most common way to incur losses in a bull market is not by choosing the wrong coin, but by constantly switching back and forth.
Seeing others' coins skyrocketing makes me anxious, while watching my own coins stagnate makes me irritable. In the end, it's not the market that harvests me, but my own worries and fears that bring me down. Once I choose the track I believe in, I focus on doing this one thing well. I don't chase trends, I don't switch frequently; the returns that are meant to come will naturally come.
**Plan your trades, not your emotions**
When it falls, I want to buy at the bottom; when it rises, I want to go all in—this impulsive behavior is the main culprit of losses.
What you need is a trading plan made in advance: clear entry points, a defined stop-loss line, and a reasonable take-profit strategy. As long as you can enter the market only when there is a signal, exit when the stop-loss is triggered, and lock in profits when the target is reached, you have already surpassed most people.
The essence of trading is a game of probabilities, not gambling. Master the methods, control the risks, and time will give you the answers you seek.