If you really plan to rely on trading coins for a living, these eight iron rules must be reviewed repeatedly. $PIPPIN
I have been in the crypto circle for seven years, and every day before entering the market, I go through them again. It is precisely because of these rules that I have survived in multiple market crashes. Today, I share this with you who are reading this post; it may help you avoid many pitfalls.
1. Just focusing on the daily chart is not enough; for short-term trading, you must look at the 30-minute chart.
Don’t just look at the big candlesticks and think there are no opportunities. Many candlesticks with long upper shadows may seem like they are going down, but when you pull out the 30-minute chart, the structure is completely different. The next day, it directly reverses and makes a big bullish move; that's how it works. For short-term trading, the small cycles must resonate with the larger market before it is worth taking action.
2. If the trend is wrong and the order is chaotic, even looking once more is a mistake.
If the direction is not right and the structure is broken, don’t force it. Trading with the trend is an iron rule; once the market's rhythm is disrupted, your operations will only become more and more incorrect.
3. Don’t trade if you are not in hot spots or potential hot spots.
Without themes, attention, or liquidity, no matter how good the technology is, it’s useless.
4. Hold back all impulses.
Execute your plan; don’t be led by the market. Entering without a plan is basically an emotional trade.
5. Don’t treat others' opinions as holy decrees.
Anyone's views can only be used as references; ultimately, you still have to rely on your own analysis and judgment.
6. First determine the direction, then pick the coins.
If you choose the right direction, you can trade freely; if you choose the wrong direction, no matter how hard you try, it will be difficult.
7. Buy coins that are currently rising; don’t try to guess the bottom.
Many people like to wait for "the imminent rebound," but the longer they wait, the lower it goes. Prices always move towards areas of less resistance; buying while rising is the way to go, saving effort and increasing the win rate.
8. After a big win or loss, you must clear your position and stay calm.
Stop to reassess the market and yourself. Understand why you made a profit or a loss before you continue. Over the years, I have verified that after a big win or loss, clearing your position first to readjust your mindset can improve the accuracy of subsequent decisions by 90%.
A single tree cannot form a forest; a lone sail cannot travel far! In the crypto circle, if you do not have a good community and lack first-hand information, then I suggest you follow Daisen; Brother Sen will lead you to shore, and you are welcome to join the team!!!
#pippin #加密市场反弹
