🙌Investing in the crypto world can actually be summarized into five things:
First, control your hands. When you're not confident, the best move is to do nothing. When you don't understand something, waiting quietly is wiser than acting blindly.
Second, manage your positions well. Never go all-in; always keep some cash on hand. Every stock (or asset) can experience a big drop, and only when opportunities arise will you have the funds to enter.
Third, focus only on the position, not on guessing the direction. When prices fall to historical lows and no one is discussing it, it's worth paying more attention; when prices rise to historical highs and trading heats up, be more cautious. Good prices often appear amid bad news, and good stories often end in celebration.
Fourth, use idle money and pursue long-term gains. Don't invest money you need urgently, and don't use short-term expectations for long-term layouts. The confidence to hold stocks comes from this idle money; even if you lose, it won't affect your life.
Fifth, make money from what you understand. Don't envy others for catching limit-ups, and don't follow trends in unfamiliar topics. Focus on what you're familiar with and operate repeatedly; for unfamiliar areas, it's better to miss out than to risk easy involvement.
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🙌Investing in the crypto world can actually be summarized into five things:
First, control your hands.
When you're not confident, the best move is to do nothing. When you don't understand something, waiting quietly is wiser than acting blindly.
Second, manage your positions well.
Never go all-in; always keep some cash on hand. Every stock (or asset) can experience a big drop, and only when opportunities arise will you have the funds to enter.
Third, focus only on the position, not on guessing the direction.
When prices fall to historical lows and no one is discussing it, it's worth paying more attention; when prices rise to historical highs and trading heats up, be more cautious. Good prices often appear amid bad news, and good stories often end in celebration.
Fourth, use idle money and pursue long-term gains.
Don't invest money you need urgently, and don't use short-term expectations for long-term layouts. The confidence to hold stocks comes from this idle money; even if you lose, it won't affect your life.
Fifth, make money from what you understand.
Don't envy others for catching limit-ups, and don't follow trends in unfamiliar topics. Focus on what you're familiar with and operate repeatedly; for unfamiliar areas, it's better to miss out than to risk easy involvement.