A friend has been trading cryptocurrencies for ten years and made 30 million. He said that to change his fate, he must try the cryptocurrency circle. If you can't make money in this circle, ordinary people will have no chance in their lifetime.
I believe that excellent traders must be patient to maintain their prosperity!
Five are poor, six are desperate
"It’s the same every year; according to cycle theory, which months can you trade cryptocurrency in a year?"
"Five are poor, six are desperate, and seven may not turn around," I am always out of the market in May, June, July, and August every year.
So when is the right time to enter the cryptocurrency market?
1. Enter the market at the end of September and clear positions at the end of November.
2. Enter the market before the Spring Festival and clear the positions in April.
3. Implement the above two iron laws, of course, excluding individual small-cap coins that main players may manipulate.
4. Next, you need to learn how to find hundredfold coins, combined with a bull market.
That is getting rich quickly.
In the turbulent sea of the cryptocurrency circle, real experts do not rely solely on technology but on a deep understanding of market rules and strict adherence to them. Here are their six iron laws to help you navigate the cryptocurrency trading path and manage risks easily!
1. Unpredictable ups and downs, mindset is king: Don't hastily call a peak during an uptrend, and don't assert a bottom during a downtrend. Just like whether Bitcoin can stand at $150,000, the answer can only be revealed when the market is crazy. What you think is a bottom may only be a short stay; the true bottom is always unfathomable.
2. Build positions in batches, stability is king: Experts never rush to succeed in building positions, controlling each buy and sell within one percent. This strategy provides them with more opportunities for trial and error, lower costs, and less risk.
3. Dare to chase the high, achieve extraordinary results: In the cryptocurrency circle, fearing heights makes one miserable. The main cost for major players in a cryptocurrency is far more complicated than you think, including promotion costs, chip costs, development costs, etc. These are investments that are several times or even tens of times greater. Therefore, daring to chase the high is essential to seize real opportunities.
4. Bull market turnaround, seize the opportunity: A bull market is the only chance for a turnaround. Just like Buffett, even if he is smart, if he misses a bull market, he can only wait quietly in a bear market. Therefore, in the cryptocurrency circle, seizing a bull market is seizing the key to wealth.
5. Technical indicators
, for reference only: technical indicators often have a lagging nature, they can only be used as a reference and not as the main basis for buying and selling. When prices are strongly rising, although technical indicators perform well, the price is already high, so caution is needed when chasing up.
6. Full of confidence, fearlessly facing the market: True cryptocurrency experts are full of confidence. They have experienced losses but have never been defeated. Because they firmly believe that they will eventually conquer the market, this belief is the key to their success.
Trading cryptocurrency is not only a battle of technology and luck but also a test of mindset and wisdom. Only those who master these iron laws and strictly adhere to them can stand undefeated in the cryptocurrency circle!
These are lessons learned from actual trading experiences, each one backed by a period of hardship. The purpose of sharing these today is to help everyone avoid detours; it is essential to take them seriously!
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