The big ones are here! The big ones are here!
I want to share with everyone my unique secrets from the last bull market. Remember these six points, and you’re sure to make money!
First, don’t invest all your money. You have to relax a bit. Split your money into five parts and only use one part to buy coins at a time. Additionally, we must set stop-loss points in advance. For example, if we lose 10%, we will exit. It’s like adding insurance to your investment. If you buy incorrectly, you won’t lose too much. Even if you buy incorrectly five times in a row, you will only lose one-tenth, preventing bankruptcy.
Second, follow the trend and don’t go against the market. If the market keeps falling and occasionally bounces back in between, don’t be confused; this might be the market trying to trick you into taking over. On the other hand, if the market keeps rising with pullbacks in between, this might be a good opportunity for you to buy goods at a low price, just like picking up bargains.
Third, don’t touch those coins that spike in the short term! When they rise to a certain extent, they will fall. When you get stuck, you will cry.
Fourth, learn to use the MACD indicator to assist your trading. When the DIF line and DEA line cross below the 0 axis, it’s a good time to buy; conversely, if they cross above the 0 axis, that’s a sell signal.
Fifth, be cautious with averaging down. If the coins you bought have already lost value, don’t throw more money into them; you will just lose more and more. We must wait until we make a profit before adding more positions. Additionally, it depends on the relationship between quantity and price. When the coin price is low, if the trading volume suddenly increases and the price rises, we must pay close attention. If the trading volume is high but the price doesn’t rise, don’t hesitate; sell quickly to secure profits. You must choose potential coins for speculation.
Sixth, we must review our trades weekly to see how our operations went this week, what we did well, and what we didn’t do well. Then adjust our strategies in a timely manner based on market conditions, so we can thrive in the crypto space, make more money, and lose less.
