Why do many people invest and still fail to make big money? $JELLYJELLY
It's simple: most people are driven by emotions when it comes to investing and making money, rather than by the goal of making money itself.
Trading cryptocurrencies is really just that; once you recognize it, you need to execute. If you diligently follow these 6 points, your wealth will continue to grow!
1. Trend is King
The trend is the core of profitability; without a trend, there is no profit effect. Large funds often only engage in trending markets; if there is no suitable trend, they would rather stay in cash and observe, or only test the waters with small amounts.
2. Carefully Select Strong Coins
Choosing coins directly relates to success or failure. Strong coins typically exhibit a one-sided oscillating upward trend, characterized by significant gains and minimal retracement. Only by selecting the right coins can you seize the opportunity for profit.
3. Patiently Wait in Cash
Never blindly chase highs; patiently wait for bottoms or temporary bottom opportunities. Before entering, conduct in-depth research to select coins with strong trends and good technical patterns, keeping away from weak coins.
4. Firmly Hold for Gains
After buying, hold firmly until a top pattern appears; do not be swayed by short-term fluctuations. Only consider exiting once clear top signals emerge.
5. Give Up Tail Risks
When prices rise to relatively high levels, decisively secure profits. Tail risks increase in such markets; timely profit-taking can lock in gains.
6. Timely Cash Out
Promptly convert the profitable portion of stablecoins into fiat currency to ensure ample cash flow for living expenses, achieving a balance between investment and daily life.
The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, maintaining calmness and rationality, and responding to market changes with a steady strategy!
