Stop buying randomly, these eight rules saved my life
I used to buy coins haphazardly and lost so much I considered uninstalling the app. Later, I went through my losing trades one by one and summarized eight lessons to share with you. $HYPE
First rule, if a strong coin drops for eight or nine days, don’t panic. This kind of drop is often just the market makers trying to scare you; it’s not a real drop. If you cut your position, they'll pump it back up.
$ZEC Second rule, if it’s been two days of gains, no matter what happens next, sell half. Cash in your pocket is yours; unrealized gains don’t count.
Third rule, if it jumps more than seven percent in a day, hold off on the second day. Wait for volume confirmation; don’t FOMO in.
Fourth rule, no matter how good a coin seems, don’t chase it when it’s pumping. Wait for a retracement, let it stabilize before entering. Don’t worry about missing out; there are always opportunities in crypto.
#TokenizedRWASurges589Percent $币安人生 Fifth rule, if a coin has been sideways for three days with no direction, wait a maximum of three more days. No volume and no volatility means you’re wasting time; move on to the next.
Sixth rule, if you haven’t broken even by the second day, your entry point is likely off. Acknowledge the mistake and don’t hold on.
Seventh rule, once a trend is established, go with it. Don’t try to catch tops or bottoms; follow the moving averages.
Eighth rule, always check the trading volume first. High volume at lows is good, but high volume with no movement at highs is bad.
It’s tough to follow all eight rules, but even if you just stick to “don’t chase pumps and set stop losses,” you’ll outperform over eighty percent of traders.