A very foolish method in the cryptocurrency world that allows you to earn your first bucket of gold!

There is a very foolish method for trading cryptocurrencies, but this method can almost consume all profits, so learn it slowly. First of all, when trading cryptocurrencies, never do three things.

The first thing is to never buy when the price is rising; be greedy when others are fearful and fearful when others are greedy. You should be able to buy during a downturn and make this a habit.

The second is to never place large orders.

The third is to never go all in; being all in makes you very passive, and the market is never short of opportunities. The opportunity cost of being all in can be very high.

Now let’s talk about six maxims for short-term cryptocurrency trading.

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

The second is to not trade during sideways movements; most people lose money in cryptocurrency trading because they can't do this simplest thing.

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

Fourth, when a decline slows down, the rebound also slows down; an accelerated decline will lead to a rebound.

Fifth, use the pyramid buying method to build positions; 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 is no need to sell everything at a high price, nor is it necessary to buy everything at a low price.

Because after consolidation, there will inevitably be a change. If it changes downward from a high point, then you need to clear your positions in time; in short, you need to push forward in a timely manner.

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