12 trading rules for stable profits in the cryptocurrency circle:
1. Choose to buy currencies that are in an upward trend and sell currencies that are in a downward trend.
2. Avoid frequent trading and only operate when there is an obvious trend in the market.
3. Trading must follow the trend, hold when it rises, and sell when it falls.
4. Learn to wait patiently for the opportunity to build a position and sell a position.
5. Keep profitable currencies and sell losing currencies.
6. Give priority to leading currencies.
7. Do not increase positions when losing to dilute costs.
8. Set stop losses in time.
9. Buying and selling should not be based on price, but should refer to valuation, technical aspects and trading volume.
10. Respect the market and learn to adapt to market changes.
11. Trading strategies need to be flexible and avoid all-or-nothing, because there are no eternal trading rules.
12. The most profitable currencies usually have floating profits at the beginning.
Here are some examples to further illustrate these rules:
1. Buy currencies in an upward trend: For example, if Bitcoin has been in an upward trend for some time, buying Bitcoin in this trend may get better returns.
2. Avoid frequent transactions: Frequent transactions may increase transaction costs and make people fall into a state of blindly following the trend. For example, if you frequently buy and sell the same currency in a short period of time, you may miss better trading opportunities.
3. Go with the trend: When the market is in an upward trend, holding the currency can get more benefits; when the market is in a downward trend, selling in time can avoid further losses.
4. Wait for the opportunity to open a position: When the market fluctuates greatly, do not rush to open a position, but wait for the right time. For example, when the price of Bitcoin has a sharp correction, you can wait for the price to stabilize before buying.
5. Save profitable coins: If the currency you hold is already profitable and the market trend is still bullish, you can consider continuing to hold it to get more benefits.
6. Choose the leader: In the cryptocurrency market, the leading currency usually has a larger market value and higher liquidity. For example, Bitcoin and Ethereum are the leading currencies in the cryptocurrency market.
7. Don’t add to your position when you are losing money: If the currency you bought is losing money, don’t blindly add to your position to dilute the cost, as this may lead to greater losses.
8. Stop loss in time: Setting a reasonable stop loss can help you limit losses. For example, if the price of the currency you bought falls to a certain level, you can avoid further losses by selling it in time after the stop loss is triggered.
9. Look at valuation, technical aspects and trading volume: When buying and selling currencies, you should not only pay attention to the price, but also consider factors such as its valuation, technical aspects and trading volume. For example, although the price of a currency is low, if its valuation is too high, it may still not have investment value.
10. Respect the market: The market is unpredictable, so respect the changes in the market. For example, when the market fluctuates sharply, do not blindly go against the trend, but adjust your trading strategy in time according to market conditions.
11. Adapt to changes: Trading strategies need to be adjusted according to market conditions, and no strategy is always applicable. For example, when market trends change, you need to adjust your trading strategy in time.
12. The most profitable currency has floating profits at the beginning: If the currency you hold has floating profits at the beginning, it means that the trading timing and currency you choose are correct. In this case, you can consider continuing to hold it to get more benefits.
