Crypto circle? Remember these 3 don'ts + 6 survival rules, steady!
Trading cryptocurrencies actually has the most 'foolish' method, but it's precisely the most stable and profitable:
Three Dead Rules:
1️⃣ Never chase highs when prices are rising; a drop is the opportunity. Make buying low a muscle memory.
2️⃣ Never over-leverage a single position.
3️⃣ Never go all in; those who do are just like leeks, because opportunities at the market always exist. Keeping some bullets is the way to survive.
Six major short-term survival rules:
① Consolidation at high levels = usually there will be new highs; consolidation at low levels = usually there will be new lows. Be patient and wait for clarity before taking action.
② Don't trade in sideways markets; 99% of people can't do this.
③ Buy on bearish candles, sell on bullish candles; follow the K-line to profit.
④ Slowing down in a downtrend → weak rebound; accelerating downtrend → strong rebound.
⑤ Pyramid adding positions; entering in batches is the hard truth.
⑥ Peaks and troughs will always lead to sideways markets; don’t go all in at highs or lows. Prolonged sideways will change the trend, and decisively clear positions if it trends down.
These few tricks seem simple, but very few can actually execute them.
