I used the dumbest method for trading cryptocurrencies, and my win rate is close to 100%! (A must-read for all new and old crypto traders)
1. Capital Management: Act within your means, diversify risks. Focus on holding one coin under 100,000: When funds are limited, concentrate on holding one potential coin and deeply research its fundamentals and technical aspects. 200,000 to 300,000, play with two coins: When funds are slightly more, you can diversify into two coins to reduce the risk of a single coin. Under 500,000, three to four is enough: When funds increase further, hold a maximum of three to four coins to avoid excessive diversification. No more than five coins, regardless of the amount of funds: Regardless of how much capital you have, the number of coins held should not be too many to avoid management difficulties. Concentrate firepower in a bull market, and respond lightly in a bear market: In a bull market, concentrate funds on the most promising coins; during unfavorable market conditions, operate lightly to minimize losses, allowing for a timely exit if you incur losses. $ETH
2. Trend is King: Follow the market, do not go against the trend. Stay updated with news and learn techniques: Understand market dynamics and technical indicators to improve investment win rates. A decrease followed by a rebound is often a trap, and an increase followed by a correction may be a trap: Do not blindly bottom-fish or chase highs; operate according to the trend. $BTC
3. Only act when the market is lively, flexibly respond to market conditions: When market activity is high, investor sentiment is positive, making it easier to seize opportunities. Be flexible in operations, avoid rigidity: Adjust strategies in a timely manner based on market changes; do not stick to old patterns. #币圈
4. Stop-loss and take-profit: Protect your principal and lock in profits. Set fixed stop-loss points: Stop losses promptly to avoid larger losses. Gradually raise selling prices: Gradually increase selling prices during profit to ensure no loss of profit. #币圈暴富
5. Buy fast and sell decisively: Make quick decisions, avoid hesitation. Buy quickly: Act decisively when you spot opportunities to avoid missing out. Sell decisively: Sell decisively when reaching expected targets or when the market turns to avoid losses due to greed. #BTC重返10万
6. Think carefully before increasing positions. Ask yourself: Before increasing your position, consider whether you are willing to invest new funds in the current situation. If the answer is yes, then consider increasing your position. #比特币
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