Basic Principles of Investment
🟨Do not trade without charts: Never engage in cryptocurrency trading without reviewing the price charts.
🟨Avoid chasing highs on good news: Never buy when positive news is released, especially if the price chart shows a significant increase before the news release.
🟨Do not buy during bottomless crashes: Never buy just because the price seems cheap when it is crashing. Under continuous selling pressure, prices often go lower.
🟨Stay away from downward trends: Never buy during a downward trend.
🟨Do not hold falling assets: Never hold onto assets that are in a downward trend, no matter how low their so-called 'valuation' seems. When prices continue to drop, you'll understand the reasons behind the decline.
🟨Maintain trading consistency: Always adhere to the principle of trading consistency. If you buy at times and sell at others under the same circumstances, your trading discipline has significant problems.
Investment is a battle of mindset and self-discipline; few can truly adhere to these seemingly simple principles.
If you want to learn more about cryptocurrency and get the latest cutting-edge information, click on my profile picture to follow me. I share trading techniques for free and provide daily points.