The stock trading rules of Jesse Livermore, the king of speculation (crypto market version)
1. Buy rising coins and sell falling coins.
2. Refuse to trade frequently. Trade only when the market is obviously bullish or bearish. The trading direction is consistent with the overall market. If the overall market rises, go long; if the overall market falls, go short.
3. The trading pace must be coordinated with the key points of time and price.
4. Wait until the market changes to prove your point before trading; trading is fast.
5. Cut losses and let profits run: if the transaction is profitable, continue to hold; if the transaction is loss-making, close it as soon as possible.
6. When the market is no longer divided, expectations are consistent, and the trend of profit has ended, close the transaction.
7. When trading coins, only buy the leader - the one with the strongest trend.
8. Never buy more as the price drops. For example, if a coin has been trapped, continue to buy to spread the average cost.
9. Never add margin, just close the position to accept the loss or stop loss.
10. When the coin price hits a new high, buy long; when the coin price hits a new low, sell short.
11. Let go of the coin when it falls, don't have faith, don't speculate on coins and become a coin owner.
12. Never buy because the coin price is too high; never sell because the coin price is too low.
13. No matter how wrong your views are, the market is never wrong.
14. The most profitable transactions often have book profits at the beginning.
15. There is no trading rule that is always successful
