The "dumbest" method for trading cryptocurrencies: Learn slowly, profit steadily 💰👇

There are many complex strategies for trading cryptocurrencies, but there is one method that is very simple and can almost eat away all profits, focusing on slow accumulation and long-term persistence.

First, when trading cryptocurrencies, never do three things:

Never buy during an uptrend

Be greedy when others are fearful, and be fearful when others are greedy. Learn to buy during downtrends and make this practice a habit.

Never over-leverage

Over-concentrating your positions can make you very passive during market fluctuations. This market is not short of opportunities, and concentrating your positions means missing out on many potential opportunities.

Never go all in

Going all in prevents you from responding flexibly to market fluctuations, and the opportunity cost is very high. The market always has opportunities; diversifying your positions can better manage risks.

Six mantras for short-term cryptocurrency trading:

After high-level consolidation, there is usually a new high; after low-level consolidation, there is usually a new low.

Wait for the direction of market change to become clear before taking action, instead of blindly chasing highs and cutting losses.

Do not trade during sideways markets

Many people lose money because they lack patience and cannot adhere to this simplest principle. During sideways markets, the market has no clear direction, so do not act easily.

When choosing candlesticks, buy when the closing is a bearish line, and sell when the closing is a bullish line.

Before a trend reversal, go with the trend and do not operate against it.

When the decline slows down, the rebound also slows; when the decline accelerates, the rebound will also accelerate.

Pay attention to rebound opportunities during accelerated declines; market fluctuations will provide you with buy and sell signals.

Pyramid-style buying and position building

Use a method of building positions in batches; do not go all in at once. Diversifying risks can better lock in profits.

After continuous increases, enter a sideways state and wait for a change

After continuous increases, cryptocurrencies usually enter a consolidation period; at this time, do not rush to sell all at once, nor do you need to buy all at once at low levels. Wait for the sideways market to end, and make decisions when the change occurs.

During the change, if the market shifts down from a high position, clear your positions promptly; reverse operations are the most important strategy. @加密货币sss丝丝