Principles of trading during a bull market.
Combining technical analysis with cycle theory to summarize several key elements;
First: Never hold a completely empty position. Under the premise of ensuring spare funds for investment, buy mainstream coins with the maximum position. At the beginning of a bull market, prices are still relatively cheap, so hold on and trade short term. Always follow the main players for short-term trading.
Second: Do not chase after prices, absolutely do not chase after prices. Buying on dips is the best strategy.?? A bull market cannot soar straight up; there will be corrections. We must seize the opportunity to increase our position during corrections. As long as there is an opportunity, we will increase our position to go long.
Third: Absolutely do not entertain any thoughts of shorting; do not go against the trend. Acting in accordance with the trend is what smart investors do.
Fifth: Absolutely do not buy junk coins. No matter how much junk coins rise, without consensus support, they are like the moon in water, flowers in a mirror, and cannot go far. Buy more leading coins.
As a seasoned cryptocurrency investor, I, Tufei, share my experiences and insights. Interested in the crypto world but don't know where to start? Follow me and check my homepage to achieve freedom in this bull market.
