In the crypto world, those who have been around for a long time know that truly stable profits are not just about luck. Here are several hardcore experiences I've summarized over the years, shared with friends still battling in the market:
1. Stay calm and don't be driven by emotions
During major drops, it's easiest to make emotional decisions, cutting losses and panicking. You think you're running fast, but the next day the market rebounds, and you realize you've sold at the bottom. Trading crypto is actually about who can stay calmer and make rational decisions during extreme market conditions.
2. Set stop-loss and take-profit points, don't operate by feeling
Trading without stop-loss is like driving without a seatbelt, with potentially devastating consequences. Reasonable stop-loss and take-profit strategies should be set before each trade. Take profits when expectations are met, don't be greedy; cut losses when key support breaks, don't fantasize about reversals.
3. Go with the trend, don't fight against it
The market is the most realistic judge. Don't try to predict tops and bottoms, only trade in clear trend directions: enter when breaking key levels, retreat decisively when trends weaken. Buying the dips or chasing highs against the trend will only lead to being ruthlessly harvested.
4. Learning + review, key to long-term improvement
Crypto trading isn't a one-time deal, but a continuous learning process. Daily review and reflection on trading decisions, observing market signals, greatly helps improve win rates. Meanwhile, follow new trends, protocols, and industry dynamics, don't work in isolation.
About recent market: Tight liquidity, lower project ceilings
Recently on BSC chain, projects averaging 600k daily circulation are considered top-tier, often with clear Binance Official Twitter support. Even with the "crypto queen" driving momentum via Official Twitter, breaking 1M market cap is difficult, indicating the overall market ceiling is very low.
Overseas projects are 90% zeroed out, pumped briefly after launch and then cooling. Domestic market is extremely competitive, only true veterans survive the volatility, with almost no room for error.
International situations are also affecting the market, with trade war-related risk aversion spreading, reducing active on-chain funds. Recommend everyone not trade frequently; when opportunities are scarce, waiting and resting are equally important.
Noteworthy new projects:
Morpho: A dark horse in new DeFi lending protocols, challenging established players like Aave, with innovative technology and approach, likely to be the next narrative protagonist.
Ondo: A leader in the RWA field, even officially supported, with high expectations.
Plume: Binance's supported project, laying foundations for RWA services, with the concept "RWAFi" emerging, backed by rich resources, not to be underestimated.
Final words:
When the market is overall depressed and liquidity is lacking, true opportunities are often brewing. Patiently wait, keep your powder dry, and strike decisively when projects with real potential truly gain momentum.
Lastly, many things aren't captured here, like specific opportunities and decisions, which can't be summarized in a single article.
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