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After years of navigating the crypto world, I’ve discovered an interesting pattern — the less impatient and impulsive you are, the more you can capture the main market profits. Instead of chasing overnight riches, it’s better to steadily grasp each rhythm. Today I want to share this insight with everyone.
First, there are three bottom lines that must be engraved in your mind; violating them is asking for trouble:
1. Never chase the rise. This is the easiest trap to fall into. When others are buying wildly at high levels, think in the opposite direction — downturns are opportunities to position. Chasing the rise is basically taking over someone else’s leftovers, and the risk is extremely high.
2. Firmly avoid pressing orders. Many people get stuck because they press orders, making it hard to get out once trapped. Flexible position management is essential to cope with market changes.
3. Never hold a full position. Being fully invested leaves no room to maneuver. Market opportunities come wave after wave, and the hidden costs of being fully invested are actually quite high.
Master these three rules, and learn these six operational details, to avoid many years of detours:
First, observe the direction during consolidation, and only act once the breakout signals are clear. Consolidation at high levels often breaks new highs, while at low levels it often creates new lows. Pre-judging in advance can easily lead to mistakes.
Second, it’s best not to trade during sideways phases. Frequent operations only wear down your capital — this is a fundamental principle but often overlooked.
Third, follow the rhythm of the candlestick patterns. Position yourself when the daily chart closes bearish, and look for opportunities to exit when it closes bullish. Going with the trend is always the safest approach.
Fourth, the pace of decline affects the rebound strength. A slow decline results in a sluggish rebound, while a rapid decline often leads to a more vigorous rebound — this is a rule.
Fifth, use pyramid-style position building. Add small amounts during each decline to gradually lower your average cost. This trick has been proven effective repeatedly.
Sixth, after rises or falls, the market tends to consolidate sideways. Don’t sell all at high levels during sideways periods, and don’t buy everything at lows. Wait for a trend confirmation after the breakout before adjusting your positions.
In simple terms, don’t be greedy for quick gains or overly aggressive; instead, you can steadily capture most of the profits.