I used the most foolish trading method, and my win rate is close to 100%! (A must-read for all new and old traders)
1. Timely cash out, balance is key: After profits peak, it is advisable to choose to cash out and temporarily leave the market. There are trading opportunities in the cryptocurrency market all 365 days of the year, so do not overexert yourself; taking appropriate breaks allows you to better seize subsequent opportunities.
2. Timely stop-loss, reflect on losses: If there are three consecutive days of losses, be sure to stop trading immediately and deeply reflect on the root causes of the losses to avoid falling into the same trap again and prevent further losses.
3. Avoid disagreements, reduce risks: When there are significant disagreements in the market, it is not advisable to trade recklessly. At this time, the market is highly volatile, and the direction is difficult to grasp, making participation likely to lead to losses. $ETH
4. Be cautious at high levels, guard against traps: When the cryptocurrency price opens more than five percent higher, one must remain highly cautious. This is very likely a trap set by the market, and one should not blindly chase in. $BTC
5. Avoid chasing the uptrend at high levels: When the cryptocurrency price is at a high and the trading volume has significantly increased, do not blindly chase the uptrend. This often signals the market's attempt to lure in buyers, and blindly following may make one a “bag holder.” #币圈
6. Respond flexibly, follow the trend: In a weak market, a low-buy strategy can be adopted; in a strong market, choose to follow up on trades. Flexibly adjusting trading strategies to align with market changes is essential to gain profits. #币圈暴富
7. Be cautious about increasing positions, build positions in batches: Without full confidence, do not blindly increase positions. Building positions in batches is a more prudent approach that can effectively control risk. #比特币
8. Focus on the familiar, stick to your knowledge: Trade only within familiar operating modes to earn profits within your understanding. Avoid stepping into unfamiliar areas out of greed, which can lead to investment mistakes. #BTC重返10万
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