3 Golden Rules for Short-Term Cryptocurrency Trading
🔥1. Protect Profits and Safeguard Investment
When your coin rises more than 10% after purchase, keep a close watch on it. If the price drops back to your purchase price, don’t hesitate — sell decisively to protect your capital. If you have a profit of 20%, set a rule: don’t sell unless the profit is above 10%, unless you see signs of a temporary peak. At a profit of 30%, hold at least half (15%) protected before selling. This way, even if you miss the absolute high, you can still grow your assets steadily.
🔥2. Cut Losses Early, Don’t Dwell on Bad Trades
If your coin drops 15% (can be adjusted according to your risk tolerance), sell immediately to limit losses. This prevents deeper losses and keeps your capital safe. If the price recovers afterward, don’t regret it — it just means your entry timing was off. Always set a stop-loss order before entering a trade; this is essential for disciplined trading.
🔥3. Buy Low to Reduce Costs
If you have sold and the price of the coin has dropped but you still believe in its future, buy back the same amount to maintain your assets and increase capital efficiency. If the price doesn’t drop much after you sell and rises back to your selling price, buy back quickly — even if you have to pay transaction fees, this prevents missing out on profits. Combine this with stop-loss orders to better control risk. If price volatility becomes too erratic, consider choosing a new entry point.
Short-term cryptocurrency trading requires discipline and strategy — not guessing or luck. Getting in and out quickly is not impulsive action; taking profits is not timid; holding cash is not giving up. Focus on timing and principles, not perfection. Close enough can be good enough.
#BinancePizzaVN #BinanceSquareFamily $BTC $ETH $BNB #Xrp🔥🔥 #ADA #solana
