There is a very foolish method for trading cryptocurrencies, but this method can almost consume all profits, so take your time to learn. Firstly, when trading cryptocurrencies, we should never do three things.

The first thing is to never buy during an uptrend; be greedy when others are fearful, and be fearful when others are greedy. Make it a habit to buy during a downtrend.

The second is to never place large orders.

The third is to never go all in; being fully invested makes you very passive, and the market is never short of opportunities, so the opportunity cost of being all in is very high.

Now, let's talk about six key phrases for short-term cryptocurrency trading.

The first is that after the price of a coin consolidates at a high level, it usually reaches a new high. Conversely, after consolidating at a low level, it usually hits a new low, so we should wait for the direction of the trend to become clear before taking action.

The second is to not trade during sideways movement; most people lose money trading cryptocurrencies because they fail to do this simplest thing.

The third is when choosing candlesticks, we buy during daily bearish closes and sell during daily bullish closes.

The fourth is that when the downtrend slows and the rebound is also slow, the downtrend accelerates during the rebound.

The fifth is to build positions according to the pyramid buying method; this is the only unchanging principle of value investing.

The sixth is that when a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, we do not need to sell everything at high levels, nor is it necessary to buy everything at low levels. Because after consolidation, a trend change is inevitable. If the trend shifts downwards from a high point, we need to clear our positions in a timely manner. In short, we need to act promptly.