I never rely on speculation when trading cryptocurrencies; I rely solely on a set of 'foolproof methods' to ensure profits, having made over 20 million so far. The core principles are to not be greedy, not panic, and not act blindly. Here are 6 short-term trading survival rules that beginners can understand.
1. Do not act when the trend is unclear: A sideways market at high levels is likely to create new highs, while a sideways market at low levels is likely to break lower. Avoid blind operations during consolidation; wait for the price to break key levels before entering the market to avoid being a victim.
2. Don't force your way into a choppy market: Most people lose money because they try to find opportunities in a sideways market. Sideways movement indicates the market is 'holding back a big move.' Patience in waiting is more reliable than blindly entering.
3. Look at candlesticks inversely for more stability: Don't panic when a large bearish candle closes; it's likely a buying signal. Don't be greedy when a large bullish candle closes; take profits promptly. Remember, 'don't panic with bearish, don't be greedy with bullish.'
4. Avoid touching rebounds in a downtrend: Rebounds in a downtrend are merely 'a flash of light' that will only accelerate the decline. Do not catch the falling knife at high levels; wait for the trend to become clear before acting.
5. Build positions in a pyramid style: Don’t invest all at once; buy more at lower prices and less at higher prices. This can lower your cost and also avoid the risk of betting in the wrong direction.
6. Clear positions promptly when the trend peaks: Extreme rises and falls will inevitably lead to fluctuations. Don’t cling to high levels, and don’t be impatient at low levels. When prices start to decline from a high point, clear your positions decisively and don't hold onto false hopes.
Throughout, do not chase prices up or down; stick to your principles. Ensuring steady profits is more important than quick gains. I only trade real markets and don’t make empty promises! Newcomers in the crypto world, don't fall into pitfalls alone. If you want to ensure profits without losses, you can quickly reach out at @安叔 , using steady logic to seize the crypto market's benefits and change your fate together!