8 Deadly Rules of Cryptocurrency Trading That 99% of People Ignore!

If you don't have a lot of money and want to appreciate during a bull market, these 10 tips might help you, especially the 8th one, which can help you avoid losses that most people face.

Diversify your investments and avoid going all in.

With $200,000, capturing 2-3 opportunities with a 30% return is enough. The trap in a bull market is getting stuck rather than missing opportunities. Patience is key.

Learn to cut losses before thinking about profits.

Fully understand the project before investing, practice on a demo account, and avoid crushing losses.

Beware of news hype.

After good news, if the coin price has already surged, it might be time to sell.

Avoid trading on holidays.

Prices usually drop before holidays, so it's safer to reduce positions or avoid entering the market.

Keep some cash on hand.

Don't invest all your funds at once; use cash to flexibly respond to market fluctuations.

For short-term trading, watch the momentum.

A rise accompanied by a breakthrough in trading volume is a good time, while the opposite requires you to stay cautious.

A rapid decline often signals a rebound.

If a drop is accompanied by a decline in trading volume, a rebound may be imminent.

Exceeding stop losses is the root cause of failure for most people.

Stop losses should be set quickly; otherwise, after a 50% loss, recovering requires a 100% gain, which is very difficult to achieve!

Use KDJ short-term indicators.

Buy at a golden cross and sell at a death cross, using trading volume to confirm signals.

Focus on a few strategies.

Don’t be greedy; 3-5 good methods are enough, and chasing too many indicators can scatter your focus.