Mr. Xiaolong's Trading Experience ---Demon coins experience rapid fluctuations, and both technology and mental skills are crucial! Recently, I have been training the decision-making system and AI of my cryptocurrency trading system. I am also constantly practicing, verifying, and iteratively updating the decision-making system and AI with real money. I have gained a lot of experience and insights, but I have not yet started making big money. My pursuit is to first polish and achieve stable and sustainable profits. In the future, I want to implement a demon coin AI automated trading system, so I should avoid being too busy. The framework and outline of the first article in the special series "How Ordinary People Build Their AI Trading System from Scratch" titled "Choosing AI Tools and Building an AI Trading Decision System" are ready, but I haven't had time to start writing specific content yet. Now write an insightful experience on cryptocurrency trading: don't pile up data, only talk about refined cognition and mental techniques. The most profound experience of doing demon coin trading is not how many times I got it right, but learning when not to be greedy and how to protect my principal first. 1、 A healthy fundamental does not mean that there will be no short-term decline. A coin may have concentrated chips, heavy institutional holdings, a very strong narrative, and its fundamentals are incredibly beautiful. But if you see it pull 200% in a single day, you should understand that overdrawn is overdrawn. No matter how good the story is, it will have to rebound in the short term. The logic of the medium to long term cannot hedge against short-term greed and fear. 2、 The deviation between quantity and price is a warning for the exit of the main force. The price is still rising, but the quantity is quietly shrinking, one by one less. This is not health, it's that the buying market is running out. Don't wait until you break through before cutting flesh. Leaving the field when you see a deviation is more important than anything else. 3、 Rapid surge is an opportunity to sell, not a reason to chase higher prices. The demonic currency is very fierce, with dozens of points or even doubling in a day. At this moment, the most challenging thing for people is to rush in and enjoy the final madness, or to calmly lock profits into their pockets? I choose the latter. Profit taking and short selling funds will flood out at the same time, and buying at high levels is the fastest way for funds to wear out. 4、 To determine whether to 'wash the plate' or 'see the top', do not use 'whether it is an air coin' to make a cut. Both are declines, some are due to consolidation and accumulation, while others are due to actual shipments. What are you looking at? Check if the chips have been released, if the OI is stable, if there is a large volume breaking, and if the banker is still present. The same decline is handled in completely different ways with different intentions of the underlying funds. 5、 Proactively exiting is better than passively stopping losses. Stop loss is a forced response after being hurt, while leaving is an active protection after understanding the signal. I would rather miss out on the later period of the market than be washed away by a correction that wiped out my previous profits. Protecting funds in the short term is always more important than making a few extra points. 6、 The type of currency determines how you should treat it. Institutional lock up type, with funds to protect after a pullback, can be used for trading fluctuations; The wave of pure air currency pulling up may lead to a continuous decline in funds after reaching its peak. Only by recognizing what it is can we know whether to hold onto it, short it, or stay away from it. The last sentence that holds the heaviest weight in my heart: In the cryptocurrency market, living long is more important than earning quickly. The profit you understand is yours, the pursuit of high prices will never belong to you. Control your hands, check the signal, survive first, and then talk about sudden wealth. ---Mr. Xiaolong Demon Coin Trading Experience: Demon Coin AI Automated Trading System Crypto