I want to work full-time in trading to support my family, first I need to understand the cryptocurrency market!
If you really plan to trade long-term, what you need to learn is not the skills, but the survival conditions!
I have been in this circle for ten years, I have stepped into every pitfall, moving slowly but steadily!
After such a long time, the people around me have gone around in circles, and those who remain are the ones who follow the rules!
First, look at the structure before talking about emotions.
For short-term trading, do not just focus on the larger cycles; the rhythm often hides in smaller time frames.
Second, if the trend is not formed, it's better to stay out.
When the direction is unclear, the more often you act, the higher the probability of making mistakes.
Third, short-term trading must revolve around the main line.
Without a direction that attracts capital attention, it is difficult to make continuous profits from short-term fluctuations.
Fourth, execute the plan and do not rely on feelings.
Impulsive operations are often the beginning of losses.
Fifth, others' opinions can only be taken as references.
Without a logical deduction that you have gone through yourself, it is hard to hold onto your position amidst fluctuations.
Sixth, the order cannot be reversed.
First, judge the direction, then choose the target, rather than looking for reasons in reverse.
Seventh, do not catch the bottom, just follow the trend.
Guessing the turning point during a decline carries far greater risks than opportunities.
Eighth, after a significant fluctuation, stop first.
Whether it is profit or a drawdown, time is needed for review, rather than acting immediately again.
I have helped too many people climb up from low points, and I have also seen too many people regret after being liquidated.
Opportunities are always left for those who are prepared, but they will never wait for those who hesitate.
The current market is a great opportunity for recovery and flipping your position—whether you want to turn the tables depends on how daring you are to act!
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