If you want to trade cryptocurrencies well, there are three things you must never do.
When trading cryptocurrencies, never rush to buy when prices are rising. You must learn to think inversely; when others are afraid, be brave and look for buying opportunities; conversely, when everyone is overly excited, be cautious and consider whether it's time to withdraw.
When trading cryptocurrencies, never bet all your money on a single coin; this carries too much risk. If something goes wrong, everything could be lost. Diversify your investments; if the east is dark, let the west shine. This is the steady path to making money.
When trading cryptocurrencies, never operate with a full position; you must keep some cash on hand. There are plenty of market opportunities, and if you are fully invested, when a good opportunity arises or you need to adjust your strategy, you won't be able to act. Keep some cash to respond flexibly; this keeps opportunity costs low.
In cryptocurrency trading, stability is key. Don't think about making big money all at once; take it slow. Learn this simple method, and it will ensure you can survive in the market for a long time while still making money.
Next, let's delve into the wisdom of short-term trading.
Slogan one: High-level consolidation may give rise to new highs; low-level hovering may indicate new lows. Observe changes quietly, wait for direction to clarify, and then it's not too late to act; this is the path of stability.
Slogan two: During consolidation, keep your heart as still as water. Most people fail because they cannot endure loneliness; only by holding onto this tranquility can one achieve the extraordinary.
Slogan three: K-line fluctuations, opportunities for buying and selling. A bearish daily line may indicate a good buying opportunity; a bullish daily line suggests considering a reduction in holdings, which is a method of following the market rhythm.
Slogan four: Slow declines lead to slow rebounds; sharp declines may lead to expected rebounds. Market fluctuations have their own rules; understanding this path allows one to seize opportunities.
Slogan five: Pyramid-style building of positions is the true essence of value investing. Layered increases in position, steady accumulation, exchanging time for space, waiting quietly for the flowers to bloom.
Slogan six: After fluctuations, there must be consolidation. At this time, there is no need to sell everything due to high prices, nor to heavily invest due to low prices. Because after consolidation, a change is imminent. If it transitions from a high to a drop, one should cut losses in time to preserve strength for future battles.
On this investment journey filled with uncertainties and challenges, may we all become the calmest observers and the bravest pioneers, sailing with wisdom as our boat and patience as our sail, heading towards the shores of wealth.
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