Six major rules for survival in the cryptocurrency world. If you follow my operations and still can't make money, come find me:
1. Trend is paramount
Without a trend, there is no profit effect. Large funds only trade with trends; without a trend, they do not take positions, or they play with small funds.
2. Choose the right coin
Choosing the right coin is the key factor in determining your success. Strong coins will experience one-sided oscillations and rise, characterized by: large gains and small pullbacks.
3. Learn to wait in cash
Never chase highs; it’s better to remain in cash, waiting for a bottom or a temporary bottom to enter. Buy strong coins with good technical formations after extensive research, and avoid weak coins.
4. Be able to hold
After buying, do not sell unless a top formation appears. Hold on firmly until a topping signal emerges.
5. Don't catch the tail
Sell at relatively high prices; you can choose not to catch the tail, as the risks increase the further you go.
6. Know how to cash out
You need to understand how to sell a portion of your profits into fiat to maintain a sufficient cash flow for living.
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