Three Things to Avoid:
- Buying during price surges: Instead, buy when prices are falling, following the principle of "being greedy when others are fearful and fearful when others are greedy."
- Placing large bets: Manage your risk by diversifying your investments.
- Going all-in: Keep some capital aside to seize new opportunities, as being fully invested can limit your potential.
Six Rules for Short-Term Trading:
- Consolidation patterns: After consolidation at high or low levels, prices often break out in the same direction. Wait for clarity before acting.
- Avoid sideways markets: Most traders lose money trading during sideways movements, so it's best to wait for a clear trend.
- Candlestick strategy: Buy when bearish candles close and sell when bullish candles close.
- Rebound patterns: Slow declines lead to slow rebounds, while sharp declines often result in quick rebounds.
- Pyramid buying: Gradually build positions using this method, a principle also applicable to value investing.
- Sideways after trends: Cryptocurrencies often enter a sideways phase after significant price movements. Be prepared for potential price changes and adjust your strategy accordingly ¹.#cryptouniverseofficial #TradeStories #traidingtopic $BTC
