How to steadily profit in bull and bear markets?
[Thinking][Thinking]
1. When trading cryptocurrencies, focus on those strong coins. If you're unsure, consider the 60-day moving average: if the line is above, you can increase your position or buy in, and if the line is below, consider exiting. This strategy often works well in most cases.
2. If a cryptocurrency suddenly rises by more than 50%, don’t rush to chase the price, as it can lead to a psychological breakdown. It's still safer to buy from a lower position; the risks are smaller, and the potential profits may even be greater.
3. There are usually signs before a big surge. For instance, slight price fluctuations, with changes between 10% and 20%, but the trading volume starts to decrease. At this point, gradually buy in at lower levels, which can help you follow the upward trend.
4. When a new market hotspot appears, the first few days are often the hottest. Seize this opportunity to follow the big funds, and making money will be easier.
5. When a bear market arrives, you need to control your actions; at least refrain from trading for six months. During unfavorable market conditions, limit your transactions; knowing when to rest is the mark of a true expert.
6. Review your strategy weekly, not to see if you made a profit, but to assess whether your strategy is appropriate. Stick to what works, adjust what doesn’t, and over a few months, your trading methods will become increasingly stable.