Trading cryptocurrencies is not easy, but once you master the tricks, making money becomes as natural as drinking water. Here are some rules for making money in a bull market, remember them!
1. Upward trends are hard to stop: Once an upward trend begins, it often doesn't end easily. Therefore, when faced with potential major pullbacks, don't panic too much; be bold to enter the market. However, avoid blindly chasing lower points, or you might miss out completely.
2. Bull markets have many fluctuations; positions should be flexible: In a bull market, the market often experiences rapid fluctuations. If your position isn't fully allocated, patiently wait for a suitable pullback opportunity, and then decisively increase your position. But remember, do not operate frequently to avoid affecting your mindset and earnings.
3. Diversify investments to reduce risk: When trading cryptocurrencies, it's best to spread your funds across multiple key sectors. This can prevent short-term stagnation in one sector from affecting your overall returns. Of course, allocate funds reasonably based on your risk tolerance and market conditions.
4. Hold firmly and wait for rotation: Once you decide to buy a certain cryptocurrency, you must hold firmly and not be easily swayed by the market's short-term fluctuations. In a bull market, every cryptocurrency has a chance for rotation; as long as you can hold on, there will always be opportunities to gain returns.
5. Market divergence is an opportunity: When there is divergence in the market, it often breeds opportunity. A cryptocurrency that many people criticize might be a potential investment opportunity. Conversely, when everyone is optimistic, it may indicate the arrival of risk.
6. Avoid short-term trading: When trading cryptocurrencies, try not to frequently engage in short-term high-selling and low-buying operations. Because once you exit midway, you might find it impossible to get back in. On the contrary, holding long-term often yields more stable returns.
7. Stay calm and wait patiently: In a bull market, pullbacks are inevitable. However, as long as you can hold on and are not holding garbage coins, even the worst cryptocurrencies can achieve fivefold or tenfold returns in a bull market. Therefore, stay calm and patiently wait for market rotation. #BTC再创新高