A very foolish method in the cryptocurrency world that can help you earn your first pot of gold!

Trading cryptocurrencies has a very foolish method, but this method can almost consume all profits, so learn slowly. First, when trading cryptocurrencies, you should never do three things.

The first thing is to never buy in when prices are rising; be greedy when others are fearful and fearful when others are greedy. Make it a habit to buy when prices are falling.

The second is to never place large orders.

The third is to never go all-in; being fully invested makes you very passive, and this market is never short of opportunities. The opportunity cost of being fully invested is very high.

Now let’s talk about six key phrases for short-term trading.

The first is that after a consolidation at a high price, there will usually be a new high. Similarly, after a consolidation at a low price, there will usually be a new low. So, we should wait for the direction of the price change to become clear before taking action.

The second is to not trade during a sideways market; most people lose money in cryptocurrency trading because they cannot do this simplest thing.

The third is when selecting candlesticks, buy when a bearish candle closes and sell when a bullish candle closes.

The fourth is that a slowdown in decline leads to a gradual rebound, while a rapid decline causes a quick rebound.

The fifth is to build positions following a pyramid buying method; this is the only unchanging principle of value investing.

The sixth is that when a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, there’s no need to sell everything at a high price, nor is it necessary to buy everything at a low price. After consolidation, a price change will inevitably occur. If the price changes downward from a high, it's essential to clear positions in a timely manner. In short, you must act promptly.