The dumbest way to trade cryptocurrencies is often the most effective, but 90% of people can't stick with it on this path.
To be honest, I've seen too many people blow up their accounts, exit, and leave in shame over the years,
It's not that they lack talent, but they keep making three fatal mistakes:
First, buying on the rise.
When the coin goes up, they get greedy, thinking "this wave is going to soar," but once they buy, it crashes,
And when the real panic selling happens, no one dares to buy.
Only those who can make "buying on the dip" a habit are truly reaping the benefits of the cycle.
Second, over-leveraging.
Thinking that being right about the direction means they can make a fortune, but then the main players shake them out, causing a few sharp drops, and they get liquidated.
Third, going all in.
When emotions rise, they go all in, even if they guess the trend correctly,
They can't adjust their positions flexibly, missing real opportunities and can only watch helplessly.
Ultimately, the cruelest thing about the crypto world is:
You don't lose because of the market, but because of your own habits.
I've summarized a set of "six character mantras" for short-term trading; the simpler the principle, the more it's overlooked:
1. If the high-level consolidation isn't over, new highs are often still ahead; if the low-level consolidation has no bottom, it can easily make new lows. Don't act before a trend change.
2. Don't act during sideways movement, absolutely do not enter the market. Most people lose their patience during fluctuations.
3. Buy when the daily line closes in the red, sell when it closes in the green. Following the market mood is much better than just guessing.
4. Slow declines don't bounce high; fast declines lead to sharp rebounds. You can only spot opportunities if you clearly see the market rhythm.
5. Build positions in a pyramid style, enter in batches, and always keep some bullets.
6. After big rises or falls, there will definitely be consolidation, and after consolidation, there will be a trend change. Don't all in at highs, and don't go all in at lows; wait for signals before making big decisions.
The market never lacks opportunities; what it lacks are those who can stay stable, endure, and survive.
If you can do these things, the path to trading cryptocurrencies will become broader.
You always think that experts are just lucky, but in fact, they just use dumb methods effectively.
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