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The 11 Keys Factors to Make Big Money in the #cryptocurrency 1. High-Level Awareness: Don't get too pleased with daily fluctuations of a few points. Focus on the bigger picture. 2. Risk Capital: Only invest what you can afford to lose. It's essential to keep a level head. 3. Long-Term Vision: Invest with the future in mind. Short-term gains are fleeting. 4. Asset Selection: Divide assets into two categories: established ones from the previous bull market and new, promising assets. Be selective. 5. Phased Entry: Enter the market with a phased approach, not all at once. 6. Exit Strategy: Always use a scaling-out strategy. Don't sell everything at once. Reinvest profits during downturns. 7. Risk Management: Minimize risk to maximize profit. Safety first. 8. Avoid Excessive Leverage: Stay away from contracts. Profits are often short-lived. 9. Bear Market Strategy: Make your moves during bear markets for a fruitful harvest in bull markets. 10. Long-Term Thinking: Plan for a lifetime of wealth, not overnight riches. 11. Continuous Learning: Money should be a byproduct of your learning journey. Don't chase profits; let them follow you as you grow in knowledge. #BTC #crypto2023

The 11 Keys Factors to Make Big Money in the #cryptocurrency

1. High-Level Awareness: Don't get too pleased with daily fluctuations of a few points. Focus on the bigger picture.

2. Risk Capital: Only invest what you can afford to lose. It's essential to keep a level head.

3. Long-Term Vision: Invest with the future in mind. Short-term gains are fleeting.

4. Asset Selection: Divide assets into two categories: established ones from the previous bull market and new, promising assets. Be selective.

5. Phased Entry: Enter the market with a phased approach, not all at once.

6. Exit Strategy: Always use a scaling-out strategy. Don't sell everything at once. Reinvest profits during downturns.

7. Risk Management: Minimize risk to maximize profit. Safety first.

8. Avoid Excessive Leverage: Stay away from contracts. Profits are often short-lived.

9. Bear Market Strategy: Make your moves during bear markets for a fruitful harvest in bull markets.

10. Long-Term Thinking: Plan for a lifetime of wealth, not overnight riches.

11. Continuous Learning: Money should be a byproduct of your learning journey. Don't chase profits; let them follow you as you grow in knowledge.

#BTC #crypto2023

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Why are cryptocurrency trading systems recommended to be straightforward? Many traders tend to overcomplicate their trading systems, thinking that adding more conditions will enhance precision and boost their success rate. But the reality is that the most effective trading systems are elegantly simple, to the point where they require minimal overthinking. This simplicity helps eliminate the influence of subjective factors and ensures that every trade is executed strictly according to predefined rules, leading to profitability. With too many factors to consider, it becomes difficult to establish a consistent trading pattern. What happens if one of the entry conditions is not met? Could it be that market conditions satisfying all criteria don't even exist? Such complex trading systems lack resilience and are prone to collapsing with even minor deviations. Complex trading systems face two significant issues: unclear criteria that make execution challenging and a lack of resilience. In trading, there is no surefire way to predict future market conditions; it involves a lot of trial and error. The core of a trading system is not just risk management but profit management. As long as the risk is manageable and there's a slight probability advantage, such signals are worth experimenting with. Those who can effectively implement simple strategies typically possess a deeper understanding of trading. Adding conditions may be easy, but letting go of them is much more challenging. A straightforward strategy, provided it aligns with the essence of trading and offers a slight probability advantage, can better navigate market uncertainty, making it more likely to shine in the future. This is why simplicity is key in trading systems.
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