Eight Major Trading Coin Principles, Shared with Everyone
Trading Principle One: When trapped, add positions to seek breakeven; to seek profits is greed.
Trading Principle Two: A calm surface hides a high wave; beware of the big waves behind.
Trading Principle Three: After a big rise, a pullback is inevitable; K-lines will form a triangle over several days.
Trading Principle Four: Buy on the dip, not on the rise; sell on the rise, not on the dip; acting against the market makes one a hero.
Trading Principle Five: Don't sell at a high, don't buy at a plunge; don't trade in a sideways market.
Trading Principle Six: In an uptrend, look for support levels; in a downtrend, look for resistance levels.
Trading Principle Seven: Going all-in is a big taboo; being stubborn is not advisable; acknowledge the impermanence and know when to enter and exit with ease.
Trading Principle Eight: Trading coins is about mindset; greed and fear are major harms. Be cautious in chasing rises and falls, and maintain a calm and relaxed mindset.