3 Trading Rules from Warren Buffett that will save your life in decisive moments:
Rule #1: Sell at high points and buy at low points.
Rule #2: Never lose money.
Rule #3: Never forget rules#1and #2.
I know these rules may be very simple but they will save you from doing crazy things in decisive trading moments.
Many times we prefer to let losses run than cut them and cut profits for fear of losing what we have earned. On the other hand, we let ourselves be caught by bullish cryptos looking for treasures and disrespecting a rule as basic as the first one.
On the other hand, it is possible that in general the market is discounting the news that is coming soon and Warren Buffett is anticipating this to such an extent that he is selling bank and technology shares, this has on several occasions been an indicator of downward fluctuations in the financial markets.
That's why if there are cryptocurrencies that are on the rise today and you are tempted to buy them at high points, consider this with caution and think about following the rules of the billionaire and best trader in history Warren Buffett.
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