🚀 10 Golden Rules When Trading Cryptocurrency 💰
Crypto trading is not a game of chance. Following these 10 rules will help you survive – even thrive.
1️⃣ Don’t panic when a strong coin drops.
If a good coin drops for 9 days straight – it might be about to bottom out. Smart investors often buy when everyone is scared.
2️⃣ Up for 2 days? Start taking profits.
Coins that rise continuously often adjust. Greed kills profits – take some off the table to secure your gains.
3️⃣ A “hot” coin today may continue to explode.
Keep an eye on coins that rise 7%+ in a day. But if it doesn’t break the old peak, that’s the time to exit.
4️⃣ Absolutely don’t FOMO at the peak.
Buying when a coin is flying high = burning your capital. Be patient and wait for a correction.
5️⃣ Coin not moving? Let it rest.
Not moving for 3 days? Wait another 3 days. Still stagnant? Cut it off. Capital is a precious resource – don’t waste it.
6️⃣ Cut losses decisively.
Coin drops without recovering the next day? Exit immediately. Blind hope only leads to a burned wallet.
7️⃣ A 3-day cycle is key.
Coins often move in 3-day waves. Rise for 2 days – drop on the 3rd could be an entry opportunity. But after 5 days of continuous rise? Take profits!
8️⃣ Volume never lies.
High volume at low prices = good sign. But high volume with no price increase = big risk.
9️⃣ Only trade coins with an upward trend.
Up today = short-term opportunity.
Up for 30 days = medium-term setup.
Up for 120 days = long-term investment.
🔟 Discipline > Capital.
Successful trading does not depend on wallet balance. It depends on a steel mentality and a clear plan.
🔥Transform yourself into a smart trader – not a victim of emotions.