A gentle scroll reveals many players with accounts split into 2s and 3s, struggling, lighting incense for Buddha in various styles....
???
Yes, today I am talking about spot players.
The reason is: whether you are a professional trader or a new trader, you will inevitably experience getting caught at the peak, either a little or a lot.
The most common mistake is when buying, accumulating stocks at a loss, getting caught at the peak...
This mistake happens often, but the damage will be lighter than making incorrect DCA at certain time points.
The question: which position is the peak, which position is the bottom????
Answer: Besides CZ and the big guys, no one knows. Because market prices move very chaotically.
When you buy in confusion, you will also cut losses in confusion.
I would like to share my personal perspective on how to view the issue; actually, it’s very simple but we often overlook it.
1. Monitor BTC price fluctuations.
2. Do not try to catch the bottom when seeing candle wicks.
3. Do not buy all in at once.
4. Buy when continuous reversal candles appear; the accuracy rate is 50/50, (very suitable for swing traders).
After you apply these measures, I am not sure that you will make a profit, but I am confident that you have significantly limited your losses. 😍😍😍
