The Secret Manual for Newbies in Cryptocurrency: Simple Methods for Steady Profits
The path of trading cryptocurrency prioritizes stability. Today, I will share a straightforward yet effective trading strategy that allows you to grasp profits easily while controlling risks firmly!
1. Avoid “high-voltage lines” in trading, absolutely don’t touch
1.1. Avoid chasing highs and selling lows: When others are fearful, be greedy; when others are greedy, stay calm. Remember the mantra: “Buy low, sell high, operate counter-trend,” and don’t be swayed by the market's fervor and panic.
1.2. Avoid putting all bets on one: Don’t put all your eggs in one basket; diversification is the iron rule of trading. High risk comes from single assets, and reasonable allocation allows for a good night's sleep.
1.3. Avoid going all in: Trading with all funds is like running naked into battle; once the market turns, you can only surrender. Keep some margin to act confidently when opportunities arise.
2. Short-term arbitrage “Six-Sword Skill,” practical and effective
2.1. Stay calm, wait for the right moment: Don’t act impulsively at highs, and don’t panic at lows. Patiently wait for trends to clarify, and precise actions will lead to steady profits.
2.2. Observe during sideways trading, don’t rush in: Sideways movement is like a fog, and trading during this time can lead to confusion. Don’t be a headless fly; wait for the wind to set sail.
2.3. Use candlestick patterns as guidance, follow the trend: Look for buying points on bearish candles and selling points on bullish candles. Follow the trend rather than counter it for easy and enjoyable profits.
2.4. Assess the speed of declines to find opportunities: Slow declines may lead to weak rebounds, while sharp declines conceal strong opportunities. Understand the rhythm of declines, and profiting from rebounds will be worry-free.
2.5. Pyramid method, step by step: Enter the market in batches, buying more as prices drop. Gradually lower costs, keeping a calm mindset.
2.6. Price fluctuations and sideways patterns signal changes: After sharp rises and falls, the market may consolidate. Control your hands, wait for change signals, and only then can you strike accurately.
Trading cryptocurrency involves risks, and investment requires caution. Although this method is steady, the market is unpredictable; continuous learning and flexible responses are essential to carve out your territory in the cryptocurrency world!