Trading cryptocurrencies, the only way to consistently make big money is by chasing the rise.

If someone engages in cryptocurrency trading and initially learns about Livermore's trading mindset,

novices die from chasing highs, this statement

might be exactly the opposite for you,

it is precisely because of chasing highs,

that you will not experience significant losses along the way.

After initially learning about Livermore,

I began to chase mainstream coins that were hitting historical highs,

and then kept my losses to 10%,

so along the way, I just didn't make much profit,

but rarely lost,

and I always managed to catch some coins,

that surged significantly.

Chasing rises is always correct, but you need to stop losses. Buying some popular coins that break through new highs is not a problem at all, such as Sol, AVAX, Ordi, Pepe, etc., constantly breaking through again and again. The more people buy, the more it rises, and that’s when you should enter the market. Retail investors always think, "It has risen so much already, it must fall now," and paint themselves as stock gods. The most feared thing in trading is subjectivity and overwork. Yes, you read that right! Only lazy people can make money.

In cryptocurrency trading, those who truly make big money are definitely not the ones who buy low and sell high, but those who buy at high points and then sell at even higher points. The so-called controlling investors or institutions are the real strong players; however, they need sufficient funds or influence to impact the entire market. Only a market with ample space can thoroughly wash out floating chips, and the 'bullish engulfing' pattern is a typical confirmation signal of strength. If you still cannot identify truly strong coins, deeply understand this pattern until you can integrate it thoroughly.

The first thing to confirm about the 'bullish engulfing' pattern is the trend; it must be established as a bullish rising trend. During the mid-stage of the trend, there appears an adjustment confirming a bullish engulfing pattern, and during this phase, the overall bullish trend remains unaffected.