Why do so many people fail to make big money investing?
It's simple: for most people, investing and making money are driven by emotions, not profit.
Trading crypto is basically just like that—once you understand it, it's all about execution. If you diligently follow these six points, your wealth will keep growing!
1. Trend is King Trend is the core of making a profit. Without a trend, there’s no money-making effect. Big capital usually only trades when there’s a trend; if there isn’t a suitable trend, it’s better to stay on the sidelines or only test the waters with a small amount.
2. Pick Strong Coins Choosing the right coins is directly related to success or failure. Strong coins usually show a unilateral, upward trend with significant gains and minimal pullbacks. Picking the right coins is key to seizing profit opportunities.
3. Be Patient and Wait in Cash Never blindly chase highs. Be patient and wait for the bottom or a staged bottom. Do thorough research before entering, choose coins with strong trends and good technical patterns, and stay away from weak coins.
4. Hold Firmly for Gains After buying, hold firmly as long as there’s no topping pattern. Don’t be shaken by short-term fluctuations. Only consider exiting when there’s a clear signal of a peak.
5. Give Up the "Fish Tail" Risk When the price reaches a relatively high level, take profits decisively. The "fish tail" stage carries higher risk; taking profits in time locks in your gains.
6. Cash Out in Time Convert part of your stablecoin profits into fiat currency in a timely manner. This ensures enough cash flow for your life and achieves a balance between investment and daily needs.
The crypto market is full of uncertainty and challenges, but it also contains potential opportunities. When participating in crypto investments, investors should fully understand the risks, stay calm and rational, and respond to market changes with a steady strategy!
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Why do so many people fail to make big money investing?
It's simple: for most people, investing and making money are driven by emotions, not profit.
Trading crypto is basically just like that—once you understand it, it's all about execution. If you diligently follow these six points, your wealth will keep growing!
1. Trend is King
Trend is the core of making a profit. Without a trend, there’s no money-making effect. Big capital usually only trades when there’s a trend; if there isn’t a suitable trend, it’s better to stay on the sidelines or only test the waters with a small amount.
2. Pick Strong Coins
Choosing the right coins is directly related to success or failure. Strong coins usually show a unilateral, upward trend with significant gains and minimal pullbacks. Picking the right coins is key to seizing profit opportunities.
3. Be Patient and Wait in Cash
Never blindly chase highs. Be patient and wait for the bottom or a staged bottom. Do thorough research before entering, choose coins with strong trends and good technical patterns, and stay away from weak coins.
4. Hold Firmly for Gains
After buying, hold firmly as long as there’s no topping pattern. Don’t be shaken by short-term fluctuations. Only consider exiting when there’s a clear signal of a peak.
5. Give Up the "Fish Tail" Risk
When the price reaches a relatively high level, take profits decisively. The "fish tail" stage carries higher risk; taking profits in time locks in your gains.
6. Cash Out in Time
Convert part of your stablecoin profits into fiat currency in a timely manner. This ensures enough cash flow for your life and achieves a balance between investment and daily needs.
The crypto market is full of uncertainty and challenges, but it also contains potential opportunities. When participating in crypto investments, investors should fully understand the risks, stay calm and rational, and respond to market changes with a steady strategy!