Trading short-term in the crypto market isn't that mysterious. $BEAT
What really determines winning or losing is never how accurately you can guess, but whether you have discipline and can execute.
After repeated trial and error over the past few years, I've found that those who can survive in short-term trading basically can't avoid the following principles.
Once the market enters a consolidation phase, be patient.
Don't chase when the price is high; don't rush to cut losses when the price is low.
The market not giving direction is a signal in itself—often, the best action at this time is to do nothing at all.
The consolidation phase is where most people get wrecked.
If you act impulsively and enter the market, the outcome is usually not good. The real approach is to wait for a breakout or a pullback, rather than forcing trades within a range. Short-term trading isn't about who makes the most moves, but who can endure more.
Trading should go against human nature.
A steep drop offers value, while a steady rise suggests it's time to exit.
Most people panic and sell at the lowest point, buy at the highest when excited; as long as you don't follow your emotions, you've already won more than half the battle.
Don't be afraid of a sharp drop.
A slow decline wears down patience, while a quick drop often creates opportunities.
Real rebounds worth paying attention to usually occur after emotions have been sharply tested.
With small capital, you must learn to scale in.
Don't fill the bottom area all at once; gradually add as the price drops, reducing costs and leaving yourself a way out.
Once you determine the market is about to change, your actions must be decisive.
After a rise and consolidation, take your principal out first, leaving only profits to test;
After a drop and consolidation, don't hesitate, deal with losses at the first opportunity.
Short-term rhythms are quick; if you lag behind, the cost will become evident.
In summary:
Don't guess direction, don't chase emotions, don't gamble on luck.
Stick to the rules, maintain a stable mindset, and execute well, and you'll already be ahead of most people.