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The Wealth Code to Earn Tens of Millions Annually: Do These Few Things to Start Your Wealth Growth Journey
First of all, when trading cryptocurrencies, there are three things you should never do.
The first thing is to never buy in when the price is rising. Be greedy when others are fearful and be fearful when others are greedy. Make it a habit to buy when the price is falling.
The second is to never place large orders.
The third is to never go all in; being fully invested makes you very passive, and the market is never short of opportunities. The opportunity cost of being fully invested can be very high.
Now let's talk about the six rules for short-term stock trading.
The first rule is that after the price consolidates at a high level, it usually reaches a new high. Similarly, after consolidating at a low level, it typically reaches a new low again. Therefore, wait for the direction of the price change to become clear before making trades.
The second rule is to avoid trading during sideways movements. Most people lose money in cryptocurrency trading because they cannot adhere to this simplest principle.
The third rule is when selecting candlesticks, buy on a daily line when a bearish candlestick closes. Sell when a bullish candlestick closes.
The fourth rule is that the decline slows down, and the rebound is also slow; a decline accelerates the rebound.
The fifth rule is to build positions using a pyramid buying method. This is the only unchanging principle of value investing.
The sixth rule is that when a cryptocurrency continues to rise or fall, it will inevitably enter a state of consolidation. At this time, there is no need to sell everything at a high point, nor is there a need to buy everything at a low point. After consolidation, there will inevitably be a price change. If there is a downward change from a high point, it is necessary to clear positions in a timely manner. In short, you must act promptly.
First of all, when trading cryptocurrencies, there are three things you should never do.
The first thing is to never buy in when the price is rising. Be greedy when others are fearful and be fearful when others are greedy. Make it a habit to buy when the price is falling.
The second is to never place large orders.
The third is to never go all in; being fully invested makes you very passive, and the market is never short of opportunities. The opportunity cost of being fully invested can be very high.
Now let's talk about the six rules for short-term stock trading.
The first rule is that after the price consolidates at a high level, it usually reaches a new high. Similarly, after consolidating at a low level, it typically reaches a new low again. Therefore, wait for the direction of the price change to become clear before making trades.
The second rule is to avoid trading during sideways movements. Most people lose money in cryptocurrency trading because they cannot adhere to this simplest principle.
The third rule is when selecting candlesticks, buy on a daily line when a bearish candlestick closes. Sell when a bullish candlestick closes.
The fourth rule is that the decline slows down, and the rebound is also slow; a decline accelerates the rebound.
The fifth rule is to build positions using a pyramid buying method. This is the only unchanging principle of value investing.
The sixth rule is that when a cryptocurrency continues to rise or fall, it will inevitably enter a state of consolidation. At this time, there is no need to sell everything at a high point, nor is there a need to buy everything at a low point. After consolidation, there will inevitably be a price change. If there is a downward change from a high point, it is necessary to clear positions in a timely manner. In short, you must act promptly.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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