Planning to trade cryptocurrencies for a living, these eight iron rules are worth pondering and understanding repeatedly! Today, I'm sharing with friends who are fated to see this, hoping it will provide some inspiration.
1. When entering the market, do not only look at the cryptocurrency K-line "trend", especially for short-term trading, you also need to observe the 30-minute K-line. At the same time, the overall market must stabilize and resonate at that moment before entering. For example, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day it might explode with a big rise or even hit the limit. In fact, if you look at the 30-minute K-line, you will see the subtleties.
2. If the trend and order are not right, just looking one more time is making a mistake. You must follow the trend, and the order of the upward movement cannot be disrupted.
3. If the short-term position is not in a hotspot or a potential hotspot, it is better not to trade.
4. Abandon all impulsive entries. Trade your plan, and plan your trades.
5. Any person's views or opinions are merely references; you must have your own careful consideration and serious analysis.
6. First, lock in the direction before selecting specific cryptocurrencies. If the direction is correct, the results will be doubled with half the effort; if the direction is wrong, the effort will be doubled for half the result.
7. Intervene in cryptocurrencies that are currently rising. Trying to guess the bottom is a big taboo; there is always a feeling that a rebound is imminent, followed by an ultimate shakeout. Stock prices always move towards the direction of the least resistance; intervening in cryptocurrencies that are currently rising means choosing a direction with low resistance.
8. After a big gain or loss, ◇ empty your position ◇ and re-examine the market and yourself. Clarify the reasons for the big gain or loss ◇ and then it’s not too late to act again. In my many years of cryptocurrency trading, I have found that after a big gain or loss, emptying the position is essential. #市场回调,观望还是上车? Binance registered users have exceeded 240 million.
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