Getting rich in the crypto world is not about being 'incredibly smart', but rather about following 'extremely foolish rules'—those strategies that make you chase highs and panic sell are all traps set by the big players; while this set of 'three things not to do and six must-kills', which is absurdly foolish, can defeat your enemies. If you learn it, even the big players will fear you!
1. Three major taboos: touch one, and you won't recover for three years!
Never chase the highs or panic sell; only pick up the chips when blood flows in the streets.
90% of the retail investors die from 'following the crowd': when the coin price soars, they go all in, shouting 'this time it will double'; when it hits the bottom, they panic sell, cursing 'I will never touch crypto again'. The result is always buying at the peak and selling at the trough! Remember: when others are greedy, I am fearful; when others are fearful, I am greedy. Only when the market is in panic is the best time to enter and pick up money.
Never go All in on a single coin; don’t put all your eggs in one basket.
Putting all your assets on one coin is no different from a gambler! Traders love to target retail investors holding a single coin in full positions; a sudden market drop can wipe you out. Experienced traders always keep 30% cash on hand; they can buy the dip during a crash and add positions during a rise, keeping control in their own hands.
Never go all in; position size is the key to survival.
The cryptocurrency market never lacks opportunities; what’s lacking is the patience to preserve capital! Those fully invested are like hunters with their hands and feet tied; they see good opportunities but have no capital to enter, and even a small fluctuation can trigger forced liquidations. Remember: opportunities always outnumber money; keep enough position space to stand firm in the market.
Two, Six Major Kill Commands: every move is lethal, confront the traders head-on!
Consolidation will lead to a trend change; never reach out when direction is unclear.
High-level sideways = traders setting traps; it seems like a breakout is imminent, but it’s actually a trap to lure in buyers; low-level bottoming = a sign of an impending storm, likely leading to further declines! Until a trend change is clear, your hands are worth more than gold; it’s better to miss out than to trade blindly, avoiding falling into traders' traps.
Sideways is a liquidation trap; control your hands to survive.
80% of liquidations occur during sideways periods! When the market is chaotic and the long-short battle is fierce, those who can't help but trade frequently will either have their profits eaten away by fees or face sudden market reversals and liquidation. Remember: doing nothing during sideways periods is the best strategy.
Buy on bearish candles, sell on bullish candles; contrarian trading yields big profits.
Scared of big bearish candles? Don’t be; that’s the traders washing out positions and giving away money! While others panic and cut losses, you decisively buy low; when the coin price rises and bullish candles appear, while others excitedly chase highs, you take profits in time. Contrarian trading, though counterintuitive, is the core logic for making big money.
Accelerated crashes offer opportunities; the harsher the decline, the stronger the rebound.
Remember this iron law: the slower the decline, the weaker the rebound; the harsher the decline, the stronger the rebound! Next time you see a waterfall-like crash, don’t panic and cut your losses; instead, prepare your capital; when the downward momentum is exhausted, it’s the perfect time to pick up cheap chips, and you can earn back your previous losses in one go.
Pyramid building technique; a method that troubles even the traders.
Building positions in the bottom area; never go all in to buy the dip! Increase your position by 10% with every 10% drop; buy more as it falls and average down your costs. Even if you buy the dip halfway down, subsequent position increases can lower the average price, making it difficult for traders to trap you.
When the trend changes, clear your positions; act faster than the trader.
After a sharp rise, sideways? Immediately withdraw your capital and leave only profits to speculate; let profits soar; after a sharp decline, sideways? Don’t hold on to false hopes, decisively liquidate and exit; cut positions faster than Bruce Lee's punches! A trend change means a reversal; hesitating for a second could turn profits into losses.
Making money in the cryptocurrency market never relies on how many indicators you know or how much insider information you have; it relies on 'stupid methods + iron discipline.' Those seemingly smart short-term trades and precise predictions ultimately lose to human greed and fear.
Learn the 'Three Do Nots and Six Must Kills,' and you will no longer be the chives that traders harvest, but a hunter who can confront them head-on! Follow the rules, and your account balance will naturally soar like a rocket; the earlier you learn, the sooner you'll become wealthy!
