I have been trading crypto for several years, and what I’ve learned is that experience in trading coins is truly very important if you want to survive long-term in this market. Not everyone is lucky, so today I want to share some of the most effective things I’ve seen.

First is the issue of diversification of the portfolio. I used to focus all in on a few coins, and the results were not good. Later, I realized that different coins have completely different volatility characteristics. For example, BTC, people trust it a lot, but its volatility is high. Therefore, instead of putting all eggs in one basket, you should choose coins with different market caps, intrinsic values, and volatility levels. This approach helps stabilize your assets.

Another useful thing I’ve found is paying attention to the 24-hour market changes. If a coin increases less than 1% in 24 hours, the upward trend is not clear, and it could reverse at any time. If it increases more than 3%, then it’s late to buy, because after strong rises, a correction usually follows. The 1-3% range is the golden zone, indicating a trend is forming. I often use this figure for short-term trading, and it’s quite effective.

Regarding tools, I always use CoinMarketCap to track data. This site has all the information you need, from price, market cap, circulating supply, to newly listed coins. If you love data, this is a treasure trove.

But real trading experience comes from learning from others. I often go to TradingView to see analyses from other traders, and from there I learn a lot. In Vietnam, TraderViet is also a good place to refer to. The important thing is to clearly define your investment style, then follow investors with the same style. Don’t just listen to anyone and do it, because even experts often have differing opinions.

The next thing I want to mention is that instead of investing in too many coins, focus on the ones you truly understand. I once tried investing in 50 different coins, but then realized that as the number increases, the risk reduction doesn’t improve anymore. Instead, choose coins with different characteristics, opposite trends, to cover the market but still manage risk. My experience in coin trading shows that quality understanding is more important than the number of coins.

Finally, avoid “trash coins.” I’m not talking about new coins with technological potential. I mean coins with no intrinsic value, only surviving on heavy marketing. They often get bubbles quickly and can burst at any time. If you want to trade these coins, you need a lot of experience and be ready to take risks. I advise carefully examining their fundamental factors and real value before making decisions.

Overall, the key lesson I want to pass on about coin trading is: there is no perfect strategy, only strategies that suit you. Start with the basics, learn from experienced people, and verify through your own trading practice. The crypto market is volatile, but with thorough preparation, you can build a safe and effective trading roadmap.