The Wealth Code to Earn Tens of Millions Annually: Do These Few Things to Start Your Path of Wealth Growth

First of all, when trading cryptocurrencies, we must 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 be fully invested. When fully invested, you are very passive, and the market is never short of opportunities; the opportunity cost of being fully invested can be very high.

Now let's talk about the six rules for short-term stock trading.

The first is that after a cryptocurrency price consolidates at a high level, it usually will reach a new high. Conversely, after consolidating at a low level, it will typically reach a new low. Therefore, we should wait until the direction of market change becomes clear before taking action.

The second is to avoid trading during sideways movements. Most people lose money trading cryptocurrencies because they cannot follow this simplest rule.

The third is when selecting candlesticks, buy when there are bearish candlesticks and sell when there are bullish candlesticks.

The fourth is that downturns slow down while rebounds are also slow; downturns accelerate as rebounds happen.

The fifth is to build positions using the 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, we do not need to sell everything at high prices or buy everything at low prices. After consolidation, there will inevitably be a change in direction. If the price changes downward from a high point, we should liquidate our positions promptly; in short, we need to act decisively.