There is a stupid yet ruthless method for trading coins that can steadily eat away most of the profits.
Remember three things you should never do:
First, don’t buy frantically with the crowd. When everyone FOMO rushes in, it’s often the time for the reaper to raise the scythe. The real opportunity hides in the panic after a sharp drop—when others are cutting losses, you take over; that’s the anti-human wealth code.
Second, don’t gamble by betting on one side. The market punishes all kinds of disobedience; what you think is ‘guaranteed profit’ often ends in the worst disaster.
Third, keep some bullets and don’t go all in. Those with a full position are like dancing without pants; any fluctuation can cause your mindset to explode. Remember, the crypto space is never short of opportunities, but without capital, you’re out.
Here are six short-term truths to keep in mind:
1. A consolidation at a high will inevitably lead to a spike, while a bottoming out at a low will see further drops. When the direction of a change is unclear, holding back is more important than anything else.
2. Random operations during consolidation are the root cause of 90% of losses. Remember, market trends are to be waited for, not forced.
3. Buy on bearish candles and sell on bullish candles; just go against the color of the K-line.
4. Slow drops lead to slow rebounds, while sharp declines always have violent rebounds; don’t be timid during panic.
5. Building positions should be like a pyramid: hold steady at the bottom, and when a bull market comes, you can hold on to hundredfold coins.
6. After sharp rises and falls, there must be a consolidation. Don’t bet on direction during consolidation; wait for the market to show the way before following. Run quickly during a breakdown, and boldly chase during a breakout.
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