Born from a humble family without a strong backing, my life's gains and losses rely on hard work.
After 10 years of cryptocurrency trading, the core trading secret that allows me to achieve stable compound interest
1. Buy early when prices drop, sell early when prices rise: If you see a sharp drop in coin prices in the morning, do not panic; this could be a golden opportunity to enter the market. Conversely, if prices surge, be wary of the risk of a pullback and reduce your position when appropriate.
2. Afternoon Strategy: If coin prices continue to rise in the afternoon, be cautious about chasing highs to avoid standing at high positions; if prices plummet in the afternoon, there's no need to rush to buy at the bottom, observe the market's response the next day before making a decision.
3. Maintain a stable mindset: It is crucial to remain calm in the face of market volatility. During a big drop in the morning, avoid panic selling; when prices are sideways, take a break to refresh your mind and maintain clarity.
4. Follow the trend: When the trend is unclear, avoid blind trading. Do not sell when prices are not rising, do not buy without a pullback, and focus on observing when prices are sideways.
5. Yin-Yang Line Strategy: When buying coins, it's safer to choose to buy during a bearish candle; when selling, wait for a bullish candle to appear before considering selling for higher returns.
6. Contrarian Thinking: Although following the trend is a basic principle of trading, in certain situations, going against the trend can also create miracles. Daring to challenge market norms is key to becoming a true winner.
7. Patient Observation: When prices are consolidating at high and low levels, do not rush for results. Patiently wait for the market trend to clarify, then act decisively to ensure a winning result.
8. Risks after high-level consolidation: When prices suddenly surge again after consolidating at high levels, be wary of pullback risks. At this point, 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 means a market reversal is imminent. Closely monitor market dynamics at this time, act cautiously, and avoid the risks of being fully invested.
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