The Dumbest Way to Make Money in Cryptocurrency! Three Don'ts + Six Tips to Avoid Pitfalls and Capture All Profits
There is a 'dumb method' for trading cryptocurrency‼️ It may seem unremarkable, but it can capture the vast majority of profits, and both beginners and veterans can learn it directly!
The core is two points: stick to your bottom line and avoid pitfalls, and operate steadily following the tips!
First, never touch these three things, or you will definitely lose:
1. Don't chase up, only buy on the dip: When others are greedy, I am fearful; when others are fearful, I am greedy! Get in the habit of buying on the dip, chasing high prices is just handing over your money;
2. Never hold onto losing positions: Don't cling to the fantasy of 'just wait a bit for a rebound'; holding onto losing positions will only lead to deeper losses, cutting losses timely is the way to go;
3. Full positions are a big taboo: The market is never short of opportunities; being fully invested is not only passive but has an outrageous opportunity cost! Keep enough cash to seize good opportunities.
Then remember the six short-term tips; making money is like copying homework:
1. Wait for a trend change during consolidation: High-level consolidation easily leads to new highs, while low-level consolidation may break the bottom; only act when the direction is clear;
2. No trading during sideways movement: Most people lose money because of random trading; lying flat during sideways periods saves fees and stabilizes your mindset;
3. Buy on down days, sell on up days: Buy in batches when the daily line closes down, sell appropriately when it closes up, and follow the rhythm of the K line;
4. Slow declines have weak rebounds, sharp declines have strong rebounds: Keep an eye on the speed of the decline, find the right timing to enter;
5. Build positions like a pyramid: The more it falls, the more you add in batches to average down your cost, a golden rule of value investing;
6. After rises and falls, there must be consolidation: Don’t clear positions at high levels, and don’t be fully invested at low levels; adjust after consolidation once the trend changes, and follow up promptly without delay.
This method doesn’t require guessing market trends or staying up late watching K lines; just follow it, and you can avoid 80% of the pitfalls!
For friends who are currently confused and often hit pitfalls in trading, chat with Er Ge~ Unlock more cryptocurrency insights and first-hand cutting-edge information, guiding you to steadily earn without losing your way!@阿二说币
