Trading cryptocurrencies for a living, it is important to remember these eight rules!
I have been navigating the crypto space for ten years, and I have always kept these eight rules next to my computer. I read them every day before trading, so I can maintain my footing during major declines.
Today, I want to share them with friends who are destined to connect, hoping you can quickly transition from a novice to an expert. In the past two years, I have used less than 70% of my funds and my returns have multiplied many times over, and my assets are now over 20 million!
1. When entering the market, don’t just focus on the candlestick chart, especially when trading short-term; also look at the 30-minute candlestick chart. The overall market must be stable before you take action. Sometimes when you see a long upper shadow on the candlestick chart, you might think it’s hopeless, but the next day it could soar or even hit the daily limit. At that time, looking at the 30-minute candlestick chart helps you understand what’s going on.
2. Follow the trend, don’t act recklessly. The upward momentum must not be broken; you should act in accordance with the trend.
3. For short-term trading, look for hot spots or potential hot spots; otherwise, don’t trade.
4. Don’t be blinded by small profits in front of you; trade according to your plan and set a plan before trading.
5. Listen to others' views and opinions, but the key is to think for yourself and analyze carefully.
6. First determine the direction, then choose the coin. If the direction is correct, everything is easy; if the direction is wrong, you’ll be exhausted and still won’t make money.
7. If you buy, buy coins that are currently rising. Always thinking about catching the bottom is a big taboo, as you might feel it’s about to rebound, but it could continue to drop. Stock prices tend to move towards areas with less resistance, so buying coins that are currently rising is the wise choice.
8. After making a lot of money or losing a lot of money, don’t rush back into the market; take a moment to calm down, clarify why you made money or lost money, and then it’s not too late to take action.
After years of trading cryptocurrencies, I have found that taking a moment to calm down after making or losing a substantial amount can increase the success rate of my next move to over 90%.
Here’s some good news: I am preparing a big order these days and will take action soon!
If you always miss the right timing and feel confused about how to operate, you must meet one condition to learn alongside me: you must have strong motivation and be ready to act. Like and comment, and I will help you make big money!
