You might not believe it when I say, the real money in the cryptocurrency circle is not made by those who stare at the market every day, but by those who stubbornly stick to the basics.
This method makes the institutional investors headache — because it's too simple, simple enough that retail investors don't believe it.
First, let’s discuss three taboos; violate one, and your account will shrink by half.
Don’t chase highs and sell lows.
90% of people lose money, not because they didn’t buy the right assets, but because they bought at the most bustling times.
True opportunities are never on the gain leaderboard, but when no one dares to watch the market.
When others panic, you enter; when others FOMO, you sell. It’s that simple.
Don’t put all your money into one coin.
Have you seen the ending of a gambler who goes all in? The cryptocurrency market is even more realistic than a casino.
Always keep 30% cash on hand; when a crash comes, you'll understand what it means to have control.
Don’t go all in impulsively.
Those who go all in are no different from being tied up.
When an opportunity arises, you have no money to add; when it falls, you have no money to hold.
If you can’t manage your position well, no amount of technical skill will help.
Now, let’s go over six key phrases that are useful for short-term trading.
When prices are high and consolidating, don’t rush to chase. The institutional players will first create a fake breakout to make you think it’s going to soar, then kick you down.
When prices are low and bottoming out, don’t rush to buy. The real bottom is always forged through endurance, not guessed.
Consolidation is like a meat grinder. The data shows that 80% of liquidations happen during this time. Those who are too eager end up being fuel.
Buy on bearish candles, sell on bullish candles. This sounds counterintuitive, but that’s just the way it is.
When a big bearish candle drops, while others are cutting losses, you’re picking up chips.
The sharper the drop, the stronger the rebound. Next time you see a waterfall, don’t panic, just be prepared.
When building a position, don’t go all in at once. Add a little with each drop; the lower your average cost, the harder it is for the institutional players to control you.
The last point: pull back in case of a trend change. Once a coin that has surged significantly starts to consolidate, first take out your principal, and let the remaining profits battle it out in the market. If it really drops, at least you won’t lose.
The method isn’t difficult; what’s hard is whether you believe it and whether you can do it.
Daily focus:
#zec #br #RIVE