Trading coins for five years, earning 20 million, summarizing the following experiences!

The 'simple' method of trading coins: It seems easy, but it can eat up all profits. There is a seemingly clumsy yet effective method for trading coins. However, to master it, you must learn slowly and always remember the three things you should never do:

Never buy during an uptrend: Be greedy when others are fearful, and be fearful when others are greedy. Learn to buy during downtrends, and make this a habit.

Never place all your bets on a single order: Stay flexible and don't let yourself be bound by a single order.

Never go all in: Going all in can make you very passive, while opportunities in this market are always emerging. The opportunity cost of going all in is too high.

Now let's talk about the six rules for short-term trading:

After a high-level consolidation of coin prices, there is usually a new high; after a low-level consolidation, there is usually a new low. Wait for the direction of the trend to become clear before acting.

Do not trade during sideways movement: This is the simplest point, but most people lose money trading coins because they can't do this. #Bitcoin

When choosing candlesticks, buy when the daily close is a bearish candle and sell when it's a bullish candle. Slow downtrend leads to slow rebounds; accelerated downtrend leads to quick rebounds.

Build positions using the pyramid buying method: This is the only unchanging rule in value investing. #TradingCoins

After a coin continues to rise or fall, it will inevitably enter a consolidation phase. At this time, there is no need to sell all at a high or buy all at a low. Because after consolidation, there will inevitably be a trend change, adjust your strategy promptly according to the direction of the trend change.