Not much principal but still want to go crazy "eating meat" in the crypto world? There's an incredible method that lets you turn things around all the way!
Learn it, and your trading profits will directly increase by 3%-10%, easily crushing everyone else! Below are my powerful insights gained from years of blood and tears, take a quick look!
1. Focus precisely, don’t be a "sea king": There are as many virtual currencies in the crypto world as stars, dozens or even hundreds can be overwhelming. But us small retail investors have limited energy and funds, don’t wish to have them all!
Stare firmly at 1 - 2 coins, at most 3, concentrate your firepower to attack fiercely, only then can you harvest profits accurately!
2. Crazy rises and falls, steady as a mountain: When the market is skyrocketing, do you fill your head with thoughts of "doubling your wealth" and crazily invest? When it crashes, do you panic and rush to cut losses? Don’t fumble around! In such extreme markets, first stabilize, observe calmly; otherwise, impulsive actions will lose you money in an instant!
3. Leave room for maneuver, keep your mindset intact: Never go all in! It’s best to keep 30% - 50% of your funds. If it drops, you can buy more to lower your costs, and if it rises, you can increase your investment to expand profits. If you throw all your money in, you’ll be ecstatic if it rises, and if it falls, your mindset will explode, leading to chaotic decisions; leaving some room allows for a steady victory!
4. Take profits when they are good, decisively cut losses: When trading coins, you must set fixed targets for yourself! If you earn 20%, sell quickly; don’t be greedy for that little extra profit, or you might get trapped! The same goes for losses, set a 10% bottom line, and cut losses when the time comes, don’t hold on stubbornly. Many platforms can set automatic buying and selling, set the price and let the computer do it; don’t rely on shaky hands to make decisions!
5. Technical knowledge at hand, refuse to be fooled: Many people in the crypto world are not from a financial background, wanting to make money but knowing nothing, they can only listen to others’ nonsense. Instead of that, spend a few days learning technical analysis; basic things like candlesticks and moving averages are easy to learn. Having your own knowledge is more reliable than anything else!
6. Operate in batches, steady as an old dog: Whether buying or selling, don’t go all in or clear out all at once! For example, if you want to buy 10 Bitcoins, buy in 5 batches, within an hour or a few days is fine. This way, the risk is small, and you won’t crash due to momentary impulses; steady and methodical will let you laugh in the end!
Final reminder: In the crypto world, never let emotions lead you by the nose! Making decisions with your brain is the way to make money!
