【Late Night Talk】

After eight years of trials and tribulations in the crypto world, I have summarized my experience into eight principles to help you see through the ups and downs of the market:

1. Making the most of the early morning market: In the morning, when the market sentiment is most pure, if the price takes a nosedive, don't panic, this may be a good opportunity to 'pick up bargains' at a low price; if it is soaring all the way in the morning, don't be greedy, take the opportunity to sell for profit and lock in the profits.
2. Grasp the afternoon strategy: If there is a big pump in the afternoon, don't be swayed and follow blindly, as it is mostly hype and buying at high levels is risky. Conversely, if there is a sharp decline in the afternoon, it is better to stay calm, observe for a while, and get on board at the low point the next day. This often results in acquiring cheap chips.
3. Keep a stable mindset towards the decline: When you wake up in the morning and see a significant drop in the coin price, don't rush to Cut Lossstop loss. The market is ever-changing, and the early fluctuations are often a 'deceptive move.' If the market is stagnant and calm, don't be impatient. Take a break and wait for opportunities.
4. Strictly adhere to the trading rules: If the coin in hand has not risen to the expected high point, do not dump it easily. Making less profit is also a loss; if it has not dropped to the psychological price level, restrain from buying rashly to avoid buying the dip halfway. As for the Sideways phase, when the trend is chaotic and the direction is unclear, trading at this time is undoubtedly like a blind man touching an elephant, it's better to watch from the sidelines.
5. According to the Bullish line operation: buy on Bearish line, sell on Bullish line, which is a classic strategy. When Bearish line appears, it means the price is pulling back and the chips are getting cheaper, which is a good time to enter; when Bullish line appears, it indicates the formation of a short-term uptrend, sell on rallies to secure profits.
6. Reverse thinking to break through: To stand out in the crypto world, sometimes you have to go against the grain. When everyone is enthusiastically pursuing, be more calm; when everyone is panicking and dumping, be more decisive. Dare to go against the tide and find opportunities for wealth outside the mainstream.
7. Endure the consolidation and suffering: It is most frustrating when prices remain in a high or low range for a long time. At this time, do not be swayed by anxiety and act recklessly. Be patient and wait until the trend is clear, whether it is a rise or a fall, before making a full effort.
8. Seize the tail of the upward trend: After a long Sideways at a high level, once it starts to rise again, don't hesitate. This is likely to be the final frenzy. Dumping in time and firmly holding the realized profits in your hands, otherwise it will be gone in an instant, and the cooked duck will fly away.
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