In fact, once you grasp the essence of trading cryptocurrencies, life feels like enlightenment!
Ten years ago, when I first entered the cryptocurrency space, like most retail investors, my gains and losses seemed to depend entirely on luck, and I couldn't grasp any patterns.
However, after spending several years in the cryptocurrency space, through continuous learning and absorption, as well as guidance and sharing from mentors and senior peers, I have slowly started to understand and develop my own investment system!
Today, I want to share my trading strategies and insights with friends in the cryptocurrency community.
Of course, to achieve stable profits, in addition to solid skills, these eight rules must also be kept in mind!
The first rule of trading cryptocurrencies: For those coins whose situations are complex and unclear to you, never rush in. Just like picking up soft spots, trading cryptocurrencies is the same.
The second rule of trading cryptocurrencies: Don't invest all your money in the same coin at once, even if you are very optimistic about it. Even if you are proven right later, don't buy in all at once. Because the market is volatile and unpredictable; no one knows what will happen tomorrow.
The third rule of trading cryptocurrencies: If you mistakenly buy a coin that is on a downward trajectory, make sure to sell it quickly to avoid further losses.
The fourth rule of trading cryptocurrencies:
If the coin you bought currently has no losses but has entered a downward trajectory, you should also quickly exit and observe.
The fifth rule of trading cryptocurrencies:
For coins that are not on an upward trajectory, it is advisable to pay less attention to them. It doesn't matter what happens in the future. Don't follow the main players in building positions; retail investors don't have the time to waste with them.
The sixth rule of trading cryptocurrencies: Don't fantasize about making money by constantly day trading. Frequent buying and selling might bring you temporary excitement, but it will lead to significant losses. The only ones benefiting are the exchanges, and you won't reach a high level of skill; you are not a market maker. Don't buy too many coins; it's best not to exceed 10. You don't have the energy to monitor them all. It's like wanting to marry five wives; even if you are in good shape, you can't satisfy them all. This only happens in novels like the story of Wei Xiaobao.
The seventh rule of trading cryptocurrencies: Just because this coin is very cheap now and has fallen a lot, that is not a reason to buy it. It is never a reason! It could become even cheaper!
The eighth rule of trading cryptocurrencies:
This coin is quite expensive now; it has already risen a lot. But that is not a reason for you to refuse to buy or sell it. It could still rise even higher.#我的COS交易 #中心化与去中心化交易所 #交易类型入门 #加密市场反弹 #Strategy增持比特币
