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Traders who can consistently profit in the cryptocurrency market can generally be divided into the following categories:
**Type 1**: Highly patient waiters. Observe most of the year, execute only 2-3 major trades annually. When real opportunities arise, they react quickly, act precisely, and exit profitably in a timely manner.
**Type 2**: Long-term allocators. Hold positions for 3-5 years, treat holdings as long-term asset allocation, achieving "holding coins with a calm mind," unaffected by short-term fluctuations.
**Type 3**: Single-coin experts. Deeply engage with a specific asset, use long-term swing trading, ultimately turn the holding cost into a negative number, and earn compound interest through time and strategy.
**Type 4**: Hotspot hunters. Track leading projects and hot opportunities, focus on short-term swings, maintain strict operational discipline and quick response ability, willing to spend a lot of time daily reviewing and monitoring.
**Type 5**: Traders with their own system. Develop their own trading models, regardless of market changes, insist on only trading assets they understand, and execute according to a predetermined pattern.
**Type 6**: Strict profit and loss executors. Take profits at 10%, cut losses at 5%. Do not be greedy for the last point; their philosophy of "eating the body, not the tail" helps them survive long-term.
After finding a method that suits you, technical analysis is only one-tenth of success. When you let go of the mindset of "wanting to move every day, wanting to surge every day, wanting to curse every day," and learn to stabilize your mindset, control emotions, and delay gratification, consistent and stable profits will not be far away.