There is a very foolish way to trade cryptocurrencies, but this method can almost eat up all the profits, so learn slowly.

First of all, when trading cryptocurrencies, you should never do three things:

The first thing is to never buy in when prices are rising; be greedy when others are fearful, and be fearful when others are greedy. You should be able to buy when prices are falling and make this a habit.

The second is to never place a large order.

The third is to never go all in. After going all in, you become very passive, and this market is not short of opportunities; the opportunity cost of going all in can be very high.

Now let's talk about the six rules for short-term cryptocurrency trading:

The first is that after the price consolidates at a high level, there will usually be a new high. And after consolidating at a low level, there will usually be a new low, so wait until the direction of the trend becomes clear before making a move.

The second is to avoid trading during sideways movement; most people lose money trading cryptocurrencies because they can't do this simplest thing.

The third is when choosing candlesticks, buy when the close is a bearish candle. When the close is a bullish candle, sell.

The fourth, the decline slows, the rebound is also slow, and the decline accelerates the rebound.

The fifth is to build positions using the pyramid buying method; this is the only unchanging principle of value investing.

The sixth is that when a cryptocurrency continues to rise, after a sustained decline, it will inevitably enter a sideways state. At this time, there is no need to sell everything at a high level, nor is there a need to buy everything at a low level. Because after consolidation, it will inevitably face a trend change. If it changes from high to low, you must clear your positions in time; in any case, you must act promptly.

Daily trading, continuously profitable. For friends who are confused about trading and want to make profits back quickly, remember this: a single tree cannot make a forest, and a lonely sail cannot travel far! Having a good team to point you in the right direction is always much better than fighting alone. I have always been here!!!