From 10,000 to 1,000,000, I used the dumbest method for trading cryptocurrencies, with a winning rate close to 100%! (Every cryptocurrency trader should see this)
First, do not be easily deceived into selling low-priced chips, maintain firm belief, and prevent market manipulators from driving the price down.
Second, chasing highs and cutting losses, entering and exiting with full positions is always a big taboo. When the overall trend is positive, gradually building positions during a decline is less risky, has lower costs, and greater profits than chasing highs.
Third, allocate profits reasonably to maximize the release of funds, rather than continuously adding to positions and injecting capital.
Fourth, cash out when prices spike and hold coins when prices plummet. Always maintain a positive mindset—don’t speculate, don’t be impatient, don’t be greedy, and don’t be afraid. Avoid fighting battles for which you are unprepared.
Fifth, ambushing or investing in low-priced coins relies on experience and betting on the future of that coin with market makers. The subsequent secondary market game relies on technology and information to follow market makers. Don’t get things backwards, or it will end in disaster.
Sixth, building positions and selling must be layered and segmented, gradually widening the price gaps to effectively control the risk and profit ratio.
Seventh, familiarize yourself with the correlation effects; when trading coins, pay attention to the trends of other coins. Each coin does not exist in isolation in the market; they are intricately connected. Understanding the correlation effect is essential, and there are many tools available now to check coin information and consult.
Eighth, the allocation of hot and value coins must be reasonable. Pay attention to the pressure resistance and profit intake ratio. Being too conservative may lead to missed opportunities, while being too aggressive may face high risks! The main characteristic of value coins is stability, while hot coins are particularly volatile; they can skyrocket or plummet to zero in one battle.
Ninth, having coins on the market, money in the account, and cash in hand is the safest and most reassuring standard configuration. You must not go all-in; going all-in is a sure way to fail. The mastery of risk control and reasonable allocation of funds is key to determining your mindset and success or failure. Invest with spare cash.
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