Want to survive in crypto trading longer? The secret is three words: be 'dumb'!
Stop with the flashy stuff; stick to these 10 'dumb' principles to avoid 90% of the pitfalls:
A coin drops for 9 consecutive days? Don’t panic! This is often an opportunity knocking. Think about that major drop in 2021—how many people sold at the bottom, and what happened next? A rebound into profits!
Two days of gains? Take it easy! If you need to reduce your position, do it; taking profits is practical. Don’t be greedy; greed is a knife over your head.
A single day surge of 7%+? Keep a close watch! There’s a high probability of more momentum the next day, so don’t exit too easily, but also don’t chase highs blindly.
Is it a real bull coin? It’s your turn only after it has fully dropped! Chasing highs means being cannon fodder; be patient and wait for a pullback.
Has it stagnated for 3 days? Give it another 3 days of patience; if still no movement, decisively switch! Time is money; you can’t afford to waste it.
Today’s gain still can’t fill yesterday’s gap? Run! Don’t hold onto fantasies; conserving your bullets for the next battle is wiser.
In the top three of the gainers list? There might be a fifth! On the fifth day? That’s often a selling point! Don’t be stubborn; take the profit.
Trading volume is crucial! Volume increases at the bottom? Opportunity has arrived! Volume increases at a high without a price increase? Dangerous signal; run!
Only trade coins with upward trends! Don’t compete with weak coins; it saves you trouble and risk.
What’s to fear with small funds? The right method + following through can still lead to success! I’ve seen too many people turn small amounts into substantial portfolios.
In short, the survival rule in the crypto world: buying well is not as good as selling wisely; working hard is not as effective as waiting patiently!
The market is always full of opportunities; what’s lacking are people who can survive and wait for those opportunities!
Stop blind trading; pay attention to Big D. A professional team will guide you to avoid pitfalls and dig for gold! Make the path to asset appreciation clearer!
