Some effective lessons that will protect from big losses in crypto trading!

As an old veteran in the crypto world, today I summarized some iron rules for trading coins, each one a lesson learned from blood and tears. After reading this, you can avoid losing 100,000!

East-West time difference: Stay up all night to monitor the market. The crypto market is mainly concentrated around the European and American times (Beijing time 21:30-7:30). The early morning is when prices often rise! So, do you want to make money? Staying up late is essential! Sleep at 20:00, wake up at 4:00 to monitor the market; that’s the routine of a qualified trader.

Don't panic during big daytime drops: When the overseas market pushes up after a daytime drop in China? Don’t be afraid! At 21:30, when the foreigners come in, they will pull it back in no time! Remember: A drop during the day is an opportunity to buy the dip, and do not chase after a spike during the day; it will likely drop back in the evening.

The deeper the pin bar, the stronger the signal: K-line pin bars (long upper and lower shadows) are a common method used by market makers. The deeper it goes, the stronger the reverse signal!
After a pin bar, it is often the best time to buy or sell, never be deceived by the market makers!

News hitting the market means bad news: Before significant meetings or positive news, prices will definitely rise, but once the news hits, they will immediately drop back! So, plan ahead, and as soon as the news is out, run quickly, don’t be greedy!

Heavy positions lead to liquidation; light positions are the way to go: Holding a heavy position? Congratulations, you are already on the exchange's liquidation list! Market makers focus on heavy position users, and with a single pull and drop, they can liquidate you in an instant! Therefore, maintaining light positions and diversifying is the way to survive!

After a stop-loss, the price drops; after a take-profit, the price rises: After the stop-loss of a short position, the price drops; after the take-profit, the price rises. The market makers just don’t want you to make money! So, be cautious with stop-losses, and take profits in batches. Don’t let the market makers lead you by the nose!

Getting out of a position is just a bit away: Stop dreaming: getting out immediately? The rebound suddenly stops! How can the market makers let you escape easily? So, when close to getting out, reduce your position appropriately, don't be greedy!

Excitement = waterfall warning: When you are overly excited, a waterfall is coming! Market makers use your emotions to cut your profits; staying calm is the way!

When you have no money, all coins seem to be opportunities: When you are broke, every coin seems to rise, and FOMO emotions are high! But remember, 80% of the market is manipulated, don’t easily enter the market; patience is key to winning!