Survival Guide in the Cryptocurrency Circle: "Stupid Ways" to Make Steady Profits and Short-Term Trading Secrets (Medium)
Wisdom Tips for Short-Term Trading
1. High and Low Judgment: "High consolidation may breed new highs; low hovering may indicate new lows." When faced with high consolidation or low hovering of the coin price, you should wait and see, and wait until the trend is clear before taking action.
2. Horizontal trading requires perseverance: "Horizontal trading does not move, and the heart is as calm as water." In the stage of horizontal trading of the coin price, most people fail due to lack of patience, and only perseverance can achieve success.
3. K-line trading method: "K-line is cloudy or sunny, and it is an opportunity to buy and sell." When the daily line closes in the negative, it may be a good time to buy; when the daily line closes in the positive, you can consider reducing your holdings appropriately to follow the market rhythm.
4. The law of rise, fall and rebound: "If the decline is slow, the rebound will also be slow; if the decline is rapid, the rebound can be expected." Mastering the law of market rise, fall and rebound will help seize investment opportunities.
5. Pyramid-style position building: This is an important strategy for value investment. By adding layers and steadily increasing positions, time is used to exchange for greater profit space.
6. Sideways and changing: "After rising and falling, there must be sideways." After sideways, there will often be a change in the market. At this time, you can neither sell all at high prices nor invest heavily at low prices. You need to adjust your strategy in time according to the direction of the change. If the high price turns to a fall, you should decisively stop the loss.