Are you surviving in the crypto world?

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I have tried to enter the crypto world step by step over the past few years. But it is not like I have been completely successful here. Like everyone else, I have also fallen behind a lot due to not having my own strategy. I am not an expert here but I have learned a little from my mistakes. I have tried to learn a little from where I have stumbled. I have endured countless crashes, washouts and pitfalls in the crypto world and have gradually brought it to the forefront. In recent years, I have summarized some of the appropriate methods when I have made mistakes in my trading in various ways, they are not flashy, but practical. That is why we should pay attention to some obvious poisons such as:

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Firstly, keep it small and specific; it is better to miss than to touch things randomly. There are 'explosive coins' in the market every day, but after they rise, you are often left holding the bag.
My approach is to focus only on a few known categories such as L2, cross-chain, AI. But if you don't have a long-term plan, you should leave it every day when it's time to close or go up if you're in profit. Once we choose a direction, I can dig deep for two or three days to get a good understanding before deciding to act.

Secondly, respect the market structure, not emotions. Some of the possibilities that the 'bullish' and 'bearish' communities are hotly discussing are sometimes traps. The real time to act is when we see a volume breakout at a key level, accompanied by fund intake and unusual on-chain behavior, that's the signal. Entering without looking at the structure is like rolling the dice.

Thirdly, capital management is more important than market judgment. Many people are not looking at the wrong direction, but their positions are too heavy and a needle can wipe them out. One thing we need to have a clear idea of is that our main position should not exceed 40% of the total fund, and the rest should be invested in batches gradually. Set a stop-loss in advance and exit when the time is right without dragging your feet.

Fourth, once the cycle is clear, don't be greedy even in a strong market. In the late stage of the bull market, you must reduce your position; the sooner you clear altcoins, the better. When you see everyone chatting about coins on the subway, and social media is full of 'tenfold' topics, don't get excited; this is the end point. At this time, you are gradually withdrawing your responsibility.

Fifth, don't imagine getting rich overnight and don't be eager to 'get over a curve'. I have advanced step by step through rolling positions, compound interest, risk control and execution.
In each round, we should only aim to earn enough and leave. Not greedy, not in a hurry. The result is often better than many others. In the end, this circle is not about who is the smartest, but who can survive the longest. You don't need to have a flashy approach right now, or guess which 'explosive coin' will rise. What you need is a method of maintaining a stable mindset and tolerating fluctuations - one that allows you to survive and build slowly.



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@jondwe, You have received 1.0000 LOH for posting to Ladies of Hive.
We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time.
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