To succeed in the cryptocurrency world, follow these 9 rules; it's hard to lose money.
After 6 years of trading, I've summarized the following hard-earned experiences to share with everyone. It's worth a thumbs up!
1. Buy early when prices drop, sell early when prices rise: If you see a sharp drop in prices in the morning, do not panic; this could be a golden opportunity to enter the market. Conversely, if prices soar, be cautious of the risk of correction and reduce your position as needed.
2. Afternoon strategy: If prices continue to rise in the afternoon, be careful about chasing high prices to avoid getting stuck at high levels; if there’s a sudden drop in the afternoon, do not rush to catch the bottom; observe the market's reaction the next day before making decisions.
3. Maintain a stable mindset: It is crucial to stay calm in the face of market fluctuations. During a big drop in the morning, avoid panic selling; when prices are stagnant, take a break and keep a clear mind.
4. Follow the trend: Do not trade blindly when the trend is unclear. Do not sell when prices are not at a high; do not buy without a correction, and mainly observe when prices are sideways.
5. Yin and Yang line strategy: When buying, it is safer to buy on a bearish candle; when selling, wait for a bullish candle to appear before considering selling to achieve higher returns.
6. Counter-trend thinking: Although following the trend is a fundamental trading principle, in certain situations, going against the trend can also create miracles. Dare to challenge market norms to become a true winner.
7. Patience in observation: When prices are consolidating, do not rush for success. Patiently wait for the market trend to clarify before decisively taking action to secure success.
8. Risks after high-level consolidation: When prices suddenly soar again after consolidating at a high level, be wary of correction risks. At this time, decisively reduce your position or exit to avoid being trapped at high levels.
9. Hammer Cross Star warning: If the market shows a hammer cross star pattern, it indicates that a market turning point is imminent. At this time, closely monitor market dynamics, operate cautiously, and avoid the risks of fully invested positions.
I am the God of Wealth, having experienced multiple bull and bear markets, with rich market experience in various financial fields. In this bull market, don’t run around like a headless fly! Comment '111' to lay out this bull market with me, or click on my main profile to follow, check my introduction, find me, and be one step ahead of others; the risks will be reduced, and the profits will be increased.
