Short-term cryptocurrency trading, remember these three iron rules, even beginners can avoid detours:

First, secure profits and protect your gains. If the price of a coin rises by more than 10% after you buy, stay alert. Once the price drops back to your purchase price, don’t hesitate, sell decisively. If you've made a 20% profit, set a bottom line for yourself; never sell if your profit is less than 10%, unless you are sure it has reached a peak. Otherwise, hold on tight. If you gain 30%, at least protect 15% of your profits before selling. By doing this, even if you're not precise about the peak, your money can keep growing.

Second, cut losses promptly, never get attached to a losing position. If the price drops by 15% after you buy (this percentage can be adjusted according to your risk tolerance, but 15% is a good reference), immediately sell to cut your losses. This is to avoid losing more. If the price rises afterward, don’t regret it; it indicates that your entry timing was wrong, and taking a loss is paying for a bad trade. Every time you open a position, you must set a stop-loss; this is basic trading practice.

Third, buy back low to lower your average cost. If the coins you sold have dropped in price but you still believe in their potential, buy back the original amount. In this way, the number of coins remains unchanged, and you have more capital. If the price doesn’t drop much after selling and then rises back to your selling price, don’t hesitate, buy back quickly. Although you may incur some transaction fees, this can effectively prevent missing out on gains. This method can be combined with the stop-loss strategy: buy back when the price returns to the original, and set stop-loss for further declines. If after multiple operations you find that the price of this coin fluctuates too much and is hard to grasp, then choose a new entry point.

Short-term cryptocurrency trading emphasizes strict adherence to principles. Quick entry and exit are not about blind speculation, chasing hot trends is not just luck, taking profits when it’s good is not cowardice, and staying on the sidelines doesn’t mean exiting the crypto space. When buying and selling, don’t be too fixated on the lowest or highest prices; being close to the mark is sufficient, seizing the right timing is key. $ETH