As important as trading in crypto is, it is more important to adopt a strategy that will set you apart from everything else and put you in a better position at the end of the day. So today I will discuss something exceptional with you, I hope it will be fruitful for you.
Bull markets don’t signal tops, and corrections don’t signal bottoms. Many things we think differ from reality, and there’s a saying that people tend to be overconfident, which can lead to suffering. This saying applies to the market as well; one always feels they have reached the right point, yet often it is still a consolidation phase, and one always thinks the upswing is about to end, resulting in getting off the train too early.
One criterion for judgment is that if the bullish trend in the fundamentals has not ended, you must hold on. If the market has entered an adjustment period, no matter how tempting the value is, do not bottom fish.
Even with a small position, you should diversify your holdings. The model is a system, and the content is about how to do it, rather than relying on feelings. Sometimes with a small position, one might feel indifferent, which leads to randomness and repeated mistakes. Risk control determines how long you can survive in this market.
When opportunities arise, whether it’s a choice between two or three coins, do not hesitate to buy them all, trust in luck, and do not put all your eggs in one basket, otherwise, you may encounter a situation where the ones you picked don’t move, while the ones you didn’t pick have already taken off.
For long-term positions, do not focus on emotions; primarily rely on fundamentals. The key point is to choose the right upward track, such as how many favorable factors there are: halving, ETF, interest rate cuts, upgrades, these are all clear positives. If the fundamentals are good, do not hesitate.
Fear of heights leads to a hard life. Being afraid of heights is not wrong; the mistake lies in not cutting losses decisively during downturns. When a reversal occurs, if you can't hold on after a slight increase, that's what is called operational deformation. Mindset is greater than technique. If you run at the first sign of a slight gain, then what is the purpose of coming to the market?
No one is perfect; learn to reconcile with yourself. Making mistakes is not scary; what’s scary is the endless self-blame after making a mistake, getting caught up in emotions, which is actually unnecessary. Focus on risk-reward ratio, strengthen execution capability; if you can’t afford to lose, you can’t afford to win. It’s just two sides of the same event.
These valuable pieces of advice are the crystallization of years of practical experience, worthy of our careful thought and strict adherence. I hope these suggestions can help everyone avoid detours in the market and steadily move towards success.