There is a very foolish method for trading cryptocurrencies, currently with a win rate of nearly 100%! A must-read for all traders!
1. Timely cash out, balance your approach: After profits peak, one should choose to cash out at the right time and temporarily leave the market. There are trading opportunities in the crypto world 365 days a year, so do not overexert yourself; appropriate rest will allow you to better seize future opportunities.
2. Timely stop-loss, reflect on losses: If you experience three consecutive days of losses, you must immediately stop trading and deeply reflect on the root cause of the losses to avoid falling into the same trap again and prevent further losses.
3. Avoid disagreements, reduce risks: When there is significant disagreement in the market, it is unwise to trade recklessly. At this time, market fluctuations are severe, and the direction is hard to grasp, making participation likely to lead to losses.
4. Exercise caution at highs, prevent traps: When the cryptocurrency price opens more than five percent higher, you must remain highly cautious. This could very well be a trap set by the market, and you should not blindly chase in. #GetRichInCrypto
5. Do not chase rising prices at highs: When the cryptocurrency price is high and trading volume has significantly increased, do not blindly chase the rise. This is often a signal of market manipulation to attract buyers, and following blindly could make you the "bag holder."
6. Be flexible in response, follow the trend: In a weak market, you can adopt a buy-low strategy; in a strong market, choose to trade responsively. Flexibly adjusting trading strategies in accordance with market changes can yield profits.
7. Be cautious with position increases, build positions in batches: Without full confidence, avoid blindly increasing your position. Building positions in batches is a more prudent approach that effectively controls risk.
