In the turbulent sea of the cryptocurrency world, true experts do not rely solely on technology but instead on a profound understanding of market rules and strict adherence to them 🥱🥱🥱
These are the six iron rules I have always followed. I share them with those destined to receive them, so you too can navigate the world of cryptocurrency trading with ease and manage risks effortlessly!
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1: Market is unpredictable, mindset is key: Don't hastily declare peaks when prices rise, and don't assert bottoms when prices fall. Just like whether Bitcoin can stand at $150,000, the answer will only be revealed when the market goes crazy. What you think is the bottom may only be a brief pause; the true bottom is always unfathomable.
2: Build positions in batches, stability is king: Skilled traders never rush to achieve results when building positions; they control each buy and sell within one percent. This strategy allows them more opportunities for trial and error, lower costs, and reduced risks.
3: Dare to chase highs, achieve the extraordinary: In the cryptocurrency world, fearing high prices leads to misfortune. One must understand that the cost for key players in a cryptocurrency is far more complex than one imagines, including promotional costs, chip costs, development costs, etc., which can be several times or even dozens of times the investment. Therefore, daring to chase highs is necessary to seize real opportunities.
4: Bull market turnaround, don't miss the chance: A bull market is the only opportunity for a turnaround. Just like Buffett, no matter how smart he is, if he misses the bull market, he can only wait silently in a bear market. Thus, in the cryptocurrency world, seizing the bull market is seizing the key to wealth.
5: Technical indicators are for reference only: Technical indicators often have a lagging effect; they can only serve as references and not as the main basis for buying and selling. During strong upward trends, while technical indicators may look good, prices are already high, so chasing prices should be done cautiously.
6: Full of confidence, unafraid of the market: True cryptocurrency trading experts are full of confidence. They have experienced losses but have never been defeated. Because they firmly believe they will eventually overcome the market, this belief is key to their success.
Trading cryptocurrencies is not only a battle of skill and luck but also a test of mindset and wisdom. Only those who master these iron rules and strictly adhere to them can remain undefeated in the cryptocurrency world!