To be honest: trading cryptocurrencies doesn't need all those flashy techniques; a "simple method" can help you steadily take most of the profits! Today, I will teach you the core logic that helped me recover from a loss of 800,000 to doubling my capital. First, remember three "never do" rules, and then master six short-term trading mantras, so even beginners can gradually earn!
First, we should never do three things when trading cryptocurrencies:
The first is to never buy in when prices are rising; be greedy when others are fearful, and fearful when others are greedy. Get into the habit of buying when prices are falling.
The second is to never use leverage.
The third is to never go all in; being fully invested makes you very passive, and this market is never short of opportunities, so the opportunity cost of being all in can be very high.
$PAXG
Now let’s talk about the six mantras for short-term trading:
The first is that after the price consolidates at a high level, there will usually be a new high. Similarly, after a consolidation at a low level, there will often be a new low, so we should wait for the trend to become clear before making a move.
The second is to avoid trading during sideways markets; most people lose money trading cryptocurrencies because they can't manage this simplest rule.
$DOGE
The third is when choosing candlesticks: when we see a bearish candle, we buy on the daily line. When we see a bullish candle, we sell.
Fourth, when the decline slows down, the rebound is also slow, and the acceleration of decline leads to a rebound.
Fifth, build positions using the pyramid buying method; this is the only unchanging principle of value investing.
The sixth is that when a cryptocurrency is continuously rising, after a sustained decline, it will inevitably enter a sideways state. At this time, we do not need to sell everything at a high price, nor do we need to buy everything at a low price. After consolidation, it will face a change in trend. If it starts to decline from a high point, it’s time to clear out positions; in any case, we must act promptly.
Daily trading is ongoing, and profits are continuous. For friends who are confused about trading and want to make profits to recover losses, follow the little dragon girl from the ancient tomb sect closely.
First, we should never do three things when trading cryptocurrencies:
The first is to never buy in when prices are rising; be greedy when others are fearful, and fearful when others are greedy. Get into the habit of buying when prices are falling.
The second is to never use leverage.
The third is to never go all in; being fully invested makes you very passive, and this market is never short of opportunities, so the opportunity cost of being all in can be very high.
$PAXG
Now let’s talk about the six mantras for short-term trading:
The first is that after the price consolidates at a high level, there will usually be a new high. Similarly, after a consolidation at a low level, there will often be a new low, so we should wait for the trend to become clear before making a move.
The second is to avoid trading during sideways markets; most people lose money trading cryptocurrencies because they can't manage this simplest rule.
$DOGE
The third is when choosing candlesticks: when we see a bearish candle, we buy on the daily line. When we see a bullish candle, we sell.
Fourth, when the decline slows down, the rebound is also slow, and the acceleration of decline leads to a rebound.
Fifth, build positions using the pyramid buying method; this is the only unchanging principle of value investing.
The sixth is that when a cryptocurrency is continuously rising, after a sustained decline, it will inevitably enter a sideways state. At this time, we do not need to sell everything at a high price, nor do we need to buy everything at a low price. After consolidation, it will face a change in trend. If it starts to decline from a high point, it’s time to clear out positions; in any case, we must act promptly.
Daily trading is ongoing, and profits are continuous. For friends who are confused about trading and want to make profits to recover losses, follow the little dragon girl from the ancient tomb sect closely.