A super stable method for trading cryptocurrencies that helps you earn steadily!
When it comes to trading cryptocurrencies, stability is key. Here’s a particularly 'foolish' but reliable method that helps you secure profits and firmly control risks. Remember the three major taboos: three things you must never do
1️⃣ Don't chase prices: When others are panicking, we boldly enter; when others are frantically buying, we calmly observe. Learn to 'buy when prices drop, sell when prices rise.'
2️⃣ Don't put all your eggs in one basket: Never invest all your funds in a single trade; diversifying risks is a fundamental practice in trading.
3️⃣ Don't operate with a full position: Being fully invested can put you in a passive position; there are plenty of market opportunities, so keep some funds available to flexibly seize the next chance. Six tips for short-term cryptocurrency trading
1️⃣ Don't rush to buy when prices are high, and don't rush to sell when prices are low: Wait when prices are high, and don't be hasty to sell when they're low; wait for a clear trend before taking action.
2️⃣ Don't trade during sideways markets: When the market is sideways, the trends are unclear, and entering/exiting can easily lead to being shaken out.
3️⃣ Operate based on candlestick charts: Try buying during bearish candles and consider selling during bullish candles, go with the trend.
4️⃣ Observe the speed of rebounds against the strength of declines: If the decline is slow, the rebound is usually weak; if the decline is fast, the rebound tends to be stronger.
5️⃣ Pyramid buying method: Buy in batches, buying more as prices drop to steadily lower costs.
6️⃣ Sideways trading after extreme rises or falls: After a significant rise or fall, the market usually consolidates sideways. At this point, don’t sell everything at the peak, and don’t buy everything at the bottom; wait for a change in trend before acting.