Short-term Six Rules: Summary of Practical Experience
1. Consolidation at high levels may create new highs, consolidation at low levels may create new lows.
Wait for the direction to be clear before taking action; don’t rush to enter the market.
2. Don't make random moves during sideways trading.
Most people lose money during this period because they can't resist the urge to trade. Sideways trading means the market is 'holding back,' be patient and wait for signals.
3. Buy on bearish candles, sell on bullish candles.
Consider buying when the daily line closes bearish, and consider selling when it closes bullish. Going against short-term fluctuations is often safer. The slower it drops, the weaker the rebound;
4. The harder it drops, the stronger the rebound.
Assess the rebound strength based on the speed of the decline and adjust your strategy flexibly.
5. Buy in batches to reduce risk.
For example, buy 10% the first time, add 10% after a 5% rise, and so on. This averages the cost and spreads the risk.
6. Excessive rises or falls must lead to sideways trading.
After continuous rises or falls, the market usually enters a consolidation phase. Don’t sell everything at high levels, and don’t buy everything at low levels; wait for signals before acting.
Summary: Steady progress is the key
Remember:
Don’t let emotions take over: strictly adhere to the rules and don’t be swayed by impulses like 'wait a bit,' 'bottom fishing,' or 'chasing highs.' Keep making small profits: accumulate small profits through batch buying and selling with moving average stop losses for gradual compound growth. Leave some room: diversify your funds and don’t put all your eggs in one basket to survive longer in the market and earn consistently.
The crypto space is not short of opportunities, but what’s lacking is calmness and patience. Use simple strategies to filter out noise, focus on trends, and over the long term, making steady profits is actually more reliable than 'getting rich overnight.'
As always, bulls have their strategies, bears have their ways to play.
They won’t lead fans to liquidation, nor will they open positions blindly.
All seek victory steadily, making progress step by step; those who want to profit, keep up!
GUN XRP TURMP SUI SOL DOGE FUN MLN
