There is a dumbest way to trade in cryptocurrencies, but this method can almost eat up all the profits. Learn slowly. First of all, we should never do three things when trading in cryptocurrencies.
The first thing is to never buy when the price is rising. Be greedy when others are fearful, be fearful when others are greedy, and be able to buy when the price is falling, and make this a habit.
The second is to never suppress orders.
The third is to never be fully invested. After being fully invested, you will be very passive, and the market is not short of opportunities. The opportunity cost of being fully invested will be very high.
In addition, let’s talk about the six tips for short-term stock trading.
The first is that after the currency price consolidates at a high level, there will usually be a new high. And after this low consolidation, it will usually set a new low, so we have to wait until the direction of the change is clear before we make operations.
The second is not to trade when the price is sideways. Most people lose money in trading cryptocurrencies because they can’t do this simplest point.
The third is to buy the daily line when choosing the K line and closing the Yin line. When the market closes positive, we sell
The fourth is that the decline slows down, the rebound also slows down, and the decline accelerates the rebound.
The fifth is to build a position according to the pyramid buying method, which is the only constant in value investment.
The sixth is when a currency continues to rise. After a continuous decline, it will inevitably enter a sideways state. At this time, we don’t have to sell all the stocks at this high level, nor do we need to buy all the stocks at a low level. Because after consolidation, there will inevitably be a change in the market. If it changes from a high level to a low level, it is necessary to clear the position in time, anyway, it is necessary to advance in time.
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