In the cryptocurrency world, there are rumors of someone turning a 50,000 investment into 3.58 million, relying on the following "life-saving money-making strategies"—learn to avoid losing millions! (The most comprehensive sharing online)
8 Major Rules for Short-term Trading
1. Focus on Mainstream: Keep a close eye on the top 5 mainstream coins, combine news and indicators, and choose those with significant volatility.
2. Smartly Diversify: Split the 50,000 investment into 5 parts, build positions one part at a time, and avoid heavy investments.
3. Avoid Full Position: Use at most 50% of your position, leaving 50% for opportunities.
4. Limit Transactions: No more than 3 trades in a day, control your hands to prevent losses.
5. No Averaging Down: Withdraw immediately if the loss reaches 30%, averaging down will only lead to deeper losses.
6. Strict Stop Loss: Close positions immediately if the stop-loss line is breached; holding onto losing positions can lead to liquidation.
7. Quick In and Out: Don’t get “entangled” with candlesticks; quick entries and exits are the essence of short-term trading.
8. Follow the Trend: Only trade mainstream coins, avoid altcoins.
Life-saving Mantras for Cryptocurrency
1. Don't panic sell during early sharp drops; there’s a high probability of a rebound in the afternoon.
2. If there’s a surge in the afternoon, quickly reduce your positions; there’s a high probability of a pullback in the evening.
3. Volume fluctuations have patterns; follow the volume trends.
4. Good news often leads to price drops after the initial rise; "good news can become bad news once it’s fully priced in."
5. Significant drops during the day can be good for light buying; at 21:30, foreign traders may boost prices.
6. Don’t miss the “spike” signals; deep spikes indicate buying and selling opportunities.
7. Holding heavy positions can lead to liquidation; market makers are watching to harvest your funds.
8. Stop losses on short positions when the market drops; market makers use harsh tactics to deceive traders.
9. Sudden stops in rebound relief can indicate market makers have trapped you without negotiation.
10. Immediate drops after taking profits; selling off quickly can lead to sharp rises.
11. Excitement followed by sharp drops is often a trap; don’t jump into the pit.
12. Projects that lose all of their value may rise again, FOMO can pressure you into becoming a bag holder.
Market manipulation is highly probable; strictly control your positions, understand the tactics before entering the market—trading relies on patience, discipline, and timing!