A super stable dumb method for trading cryptocurrencies that guarantees you will make a profit without loss
When trading cryptocurrencies, there is a particularly dumb but stable method that can help you grasp all your profits, but it requires careful consideration. When trading cryptocurrencies, there are three things you must absolutely avoid.
The first thing is to never buy when the price is rising; you must learn to buy boldly when others are scared to death, and to be cautious when others are buying frantically. Develop the habit of buying when prices are falling.
The second thing is to not put all your eggs in one basket.
The third thing is to avoid operating with a full position; if you are fully invested, you become passive. There are plenty of opportunities in the market, and when fully invested, the opportunity cost is too high.
Now let's talk about a few tips for short-term cryptocurrency trading:
First, don't rush to buy when the price is high; it may rise a bit more. Also, don't rush to sell when the price is low; it may drop a bit more. Wait until the direction is clear before taking action.
Second, don't trade when the market is flat; if you can't do this, many people will end up losing money in cryptocurrency trading.
Third, look at the candlestick chart: when there is a bearish candle, try to buy in; when there is a bullish candle, consider selling.
Fourth, if the price is falling slowly, the rebound will also be slow; if it is falling quickly, the rebound will be vigorous.
Fifth, build your position according to the pyramid method; this is an old rule of value investing.
Sixth, if a cryptocurrency is rising sharply or falling severely, it will definitely move sideways for a while afterward. At this point, don’t sell everything at the high, and don’t buy everything at the low. Once the sideways movement ends, there will be a trend change; if it drops from the high, you must quickly liquidate your position.
As for the next layout direction, I will guide everyone to aim for the highly profitable opportunities in altcoins, especially those projects with great potential, where an expected return of over ten times is not a problem. If you want to make big money in a bull market, like and leave a comment, and I will help you layout the entire bull market!