This spring, when I first entered the cryptocurrency world, I kept thinking that 'more operations mean more profits'. As a result, I bought 5 times and sold 5 times within a week, spending 200 yuan on transaction fees, and ultimately losing 1000 yuan. I slapped my head and scolded myself: 'Why are you so careless?'
Later, I read (The Survival Guide in the Cryptocurrency World) and finally understood that 'trading less' is the most important rule for beginners to learn. The book says: 'Avoid heavy positions, don't hold on stubbornly, trade less. Control your position, don't stubbornly bear losses, and trade moderately.'
I summarized the 'Three Principles of Trading Less':
① Look at the market only once a day: check it once at 8 AM to understand the market conditions for the day, and don't check it at other times to avoid 'impulsive trading'.
② Only operate once a week: unless there is a particularly good opportunity, otherwise only buy or sell once a week to reduce 'frequent trading' fees.
③ Only buy coins that 'meet the criteria': for example, coins that 'peak in two days and cash out' or 'have a high point the day after a big rise,' absolutely do not buy those that do not meet the criteria to avoid 'random buying.'
Last month I used this method, only made 2 trades, bought 1 coin, went up 10%, earned 400 yuan. Although it's not much, at least I'm no longer 'losing on fees.'
There is a saying in the coin circle: 'Frequent trading is not 'hard work,' it's 'busywork.' If you also want to avoid 'losing fees through frequent trading,' you might as well follow me.@币圈罗盘 I will share 'worthy coins to trade' every day, let's 'make less moves and earn more money' together. Next time I'll tell you the story of how I made 2000 yuan using the 'less trading method,' be sure to check it out~
#加密市场反弹 $BTC $ETH
