Trading cryptocurrencies with 'dumb tricks' is the real game changer! 90% of people fail on these 3 points; if you can avoid them, you’ll win big!
After years of struggling in the crypto world, I’ve seen too many people get liquidated and leave in shame. They aren’t stupid, their talent isn't lacking; they’re just too impatient and too involved, ruining themselves!
Retail investors often fall into three major 'trap zones'. How many have you stepped into?
1. Chasing highs and cutting losses, living like a vegetable
As soon as the K-line rises, they rush in with greed, fantasizing that “this wave will take off directly,” only to be smashed as soon as they enter. Conversely, during a crash, everyone panics and complains; it’s those who dare to buy at the bottom in such times that truly make a fortune!
2. Heavy positions lead to being 'taken away' by the main force
Thinking that just being right about direction means they can go all in, yet the main force simply shakes things up, and with two sharp drops, they get liquidated. No matter how good the logic, heavy positions and stubbornness lead to a dead end!
3. Getting emotionally involved, going all in with their lives
You think this is faith, but in reality, it’s gambling with your life! Even if the trend is guessed correctly, without the bullets to adjust positions, when opportunities arise, you can only watch helplessly while others feast!
Many people lose money, not because the market is bad, but because they clash emotions with the market, purely torturing themselves!
I’ve summarized the essence of 'dumb tricks' for cryptocurrency trading, simple enough to be overlooked but can save lives!
1. Stay steady as a rock before market changes: The high-level consolidation isn’t over, new highs are coming; the low-level sideways movement isn’t bottomed, be careful of breaking new lows again. Don’t move rashly before market changes; only by holding on can you survive to the next wave! Stay still during consolidation, absolutely don’t enter the market; how many people have been shaken out of their positions and lost patience!
2. Trade according to emotions: Buy when the daily line closes red, sell when it closes green; it’s a thousand times more reliable than your wild guesses on highs and lows!
3. Hidden secrets in downtrends: Slow declines mean weak rebounds; sharp declines are easy to explode. Don’t just focus on the price; the way it declines is key!
4. Build positions like a pyramid, leaving room for retreat: Enter and exit in batches, always leave some bullets, don’t force yourself into a dead end!
5. Major rises and falls must consolidate: After consolidation, there will definitely be a market change; don’t act impulsively at high points or low points; wait for clear signals before taking action!
When trading cryptocurrencies, don’t get caught up in fancy tricks; use simple 'dumb tricks' well, and you can outperform 90% of people!
