1. Only participate in irreversible market trends
The market is the fact. The market cannot be questioned or challenged, and the trend is irreversible. As an investor, you must have the courage to admit your mistakes, correct them at any time, reject uncertain market conditions, and do what the market makers must follow. You must know how to go with the flow.
2. Expand frequent transactions
The casino is open 24 hours a day, so there is no need to open orders frequently. There are many logics involved here, such as timing, trial and error, and position control. What we advocate is waiting for the perfect opportunity like a hunter, rather than investing recklessly as soon as you see the prey.
3. Don’t be superstitious about technical indicators
First of all, we have to admit that any technical indicator has its lag. For example, when the MACD indicator sends a golden cross buy signal, in fact the currency has already risen, and when the golden cross appears, it is very likely that you will be the one to take the risk!
4. Forget the cost price when buying
When you start shorting or going long, its cost price has nothing to do with any subsequent operations, because whether to sell depends on the market trend and has nothing to do with whether you are still profitable now. If the pattern is good, continue to hold it; if the pattern is bad, reduce your position or even clear it.
5. Participate with money you can afford to lose
Investing in cryptocurrencies with spare money is risky. Investors can increase their investment after mastering the game's profit-making tricks. Before that, you must participate with funds you can afford to lose. Borrowing money often leads to bad losses!
6. Withdraw funds on time if there is profit
Without cash withdrawal, everything is just numbers. Investors in the cryptocurrency circle are like gamblers who have not walked out of the casino. Even if they make a lot of money temporarily, they are still not winners. Only when you withdraw cash from the market can you say that you have the last laugh. In the cryptocurrency circle, it is a good habit to withdraw money on time.
