Why are these skills needed?
With the potential of crypto when Blackrock wants to open a BTC spot ETF and Vanguard invests in the bitcoin mining system, the strong development of CBDC and the upcoming Halving, what needs to be done is to fully prepare the necessary skills to adapt to the market expecting extremely strong bullishness. The downtrend season is the season of accumulating knowledge - experience - experience, the best time to start is now.

The market moves very fast, the effective way is to accumulate as much as possible. These skills will help you quickly adapt to cash flow extremely effectively, limit losses when investing, and have all the necessary knowledge to work in crypto and outside life.

Necessary skills.

1 Research skills

This can be considered an important skill that any player should learn and practice. It can help you become independent in this market full of pitfalls, where people compete against each other. other. The benefits are many, from understanding and valuing a project, a macro picture or any aspect, from traditional to crypto, everything is important. Basic skills will include:

Fundamental Analysis: This is a skill that I see many people using. When you are good at it, sometimes there is no need for technique. It has many factors:
Macro analysis: Economy, politics, global fluctuations...
Micro analysis: For crypto as a project, impacts on a project such as: VCs, Marketing, MM, project revenue model...
It is very broad in itself, because there are many niches and fields, so the overview is focused on the basics first. Going up slowly, it takes time, my research skills are still limited and I need to learn a lot from KOLs, influencers...

Technical Analysis: This is a skill that >90% of traders need to master, which helps you make decisions based on analyzing historical data and predicting price trends.

Onchain: How the market works, mastering this will help you understand the moves of MM, sharks...

Research is a skill that helps you get better every day, not the best. There are available methods such as Discounted Cash Flow (DCF), Comparable Analysis and Market Cap Ratio but the self-guided path is the most effective path ⇒ So you have to understand where you are and learn. Not only PTCB and PTKT are done, but many other things are needed. Let's practice and summarize for ourselves a research method.

2 Risk management skills

This is a skill that I consider the holy grail, which means knowing how to control your money. It has helped me after many losses. No matter how much I lose, I still have money to keep fighting!!!
Anyone can make money, but if they keep money until the time is good (uptrend), few people have enough perseverance and bravery. With this skill, in capital management, whether trading spot, futures, or playing dex, it is very difficult to allocate capital and assess risks appropriately. Need to understand and control yourself in a disciplined way.
To manage risk effectively, from the beginning you must know where your position is, and what resources are available? There are a few ways to have effective risk management skills:

Diversification: With investing, this is very important, for example, those with a lot of capital will divide it into real estate, stocks, crypto, gold... not all in one place. In smaller cryptos, for example, not all in on a single coin/token, or not all in on each Spot or future, putting money in Moonbag, airdrop this and that.

Assessment & Management: Know how to assess the risks when putting down money, determine how much you can lose and what your maximum loss tolerance is. To have good skills, practice by stopping loss, taking profit, accepting losses when going down. This is a difficult thing, I myself am very bad at this and am working to get better.

Emotional Control: Risk management goes hand in hand with controlling your emotions during the investment process. Emotions greatly influence your decisions, so understand your emotions and be decisive.
⇒ That is a necessary skill, a must have if you don't want to see the uptrend and run out of money.

 3 Self-control and self-discipline skills

A difficult skill, this skill follows us all our lives, not just in crypto! Have you ever lost your temper or become bitter because of anger? Have you ever lost sleep because of a market kill? Have you ever neglected yourself because of life problems?
⇒ Absolutely yes, I've made it many times myself! This skill takes a lot of time and courage to overcome many difficulties. Not only crypto but also life, self-control and discipline. Discipline is power.
In this harsh crypto world, if you make a mistake just once, the price is very high, so I highly encourage everyone to follow this skill and practice it every day to form positive habits, eliminate toxic habits, and become successful. There will be results when the uptrend occurs.
Set rules for yourself and follow them, for example, trade with stop loss, or place orders regularly and not increase volume, do not buy after past fomo...
Discipline in life such as studying, health, going to bed early... must be practiced every day. Don't let yourself be indulgent or sick. If you want to go long with the market, you must take care of self-discipline
⇒ It is a priority skill to do every day.

4 Critical and sensitive skills

Benefit:
Helps make accurate decisions in many situations and circumstances.
Avoid following the crowd, fomo or KOls because you know the logic of the problem
Capture information and trends more quickly. Go first to avoid liquidating old players.
And mastering this skill is not simple! For example, when encountering a problem or a difficult situation, asking ourselves the opposite question or logically thinking about the problem is difficult because we can rarely stay calm. Or when we have fomo, we rarely consider the reason why it increased, and then argue, who will buy the next one for us to buy? It's very difficult because for those who have fomo, "losing money is better than losing opportunities". Or a trend gradually forms, then sharp and critical skills are very useful to help us have information sooner than others.

5. Time and work management skills.

This may not seem very important at first, but in truth it is very necessary because we only have 24 hours/day. Sometimes I want to have 48 hours/day to plow Gamefi, research, and trade but I can't, so practicing the skill of arranging time appropriately and effectively is very difficult. Must be able to balance outside employment (if any), health, crypto, and surrounding relationships. Lots of work, little time.
Therefore, you must have the habit of managing your time, dividing it regularly, and prioritizing what is important. The skill of breaking each big goal into each small goal and completing it too is extremely difficult, to say the least. The more difficult something is, the fewer people can do it, and the results will be higher than normal things.
For example, if you want to learn about Macro and research, divide how much time you spend each day on it, break each small goal and study. Completing each part one part at a time will make your progress extremely fast. Of course it's difficult, because each person's ability to absorb things is different.
Advice: Make your own plan, arrange time for each work item. Allocate time for each skill, hone it every day.

Epilogue: 

Of course, to stay in this market, in addition to these skills, there are many other factors and skills such as trading skills, communication skills (because I think communication in crypto is very important), teamwork, patiently persevere in the market. I'm sure to filter out important skills to help you focus and improve to welcome a new uptrend season.