The dumbest and steadiest way to trade cryptocurrencies, allowing you to keep earning.
There is a very simple method for trading cryptocurrencies, but this method can almost eat up all your profits, so learn it slowly. First of all, when trading cryptocurrencies, you should never do three things.
The first thing is to never buy when the price is rising. Be greedy when others are fearful, and be fearful when others are greedy. Get into the habit of buying when the price is falling.
The second is to never place large bets.
The third is to never go all in. Going all in makes you very passive, and the market is full of opportunities; the opportunity cost of being all in is very high.
Now, let's talk about the six rules for short-term stock trading.
The first rule is that after the price stabilizes at a high level, there will usually be a new high. After stabilizing at a low level, there will usually be a new low. Therefore, wait for the direction of the trend to become clear before taking action.
The second rule is to avoid trading during sideways movements. Most people lose money in cryptocurrency trading because they can't adhere to this simple principle.
The third rule is when selecting candlesticks, when you see a bearish candlestick, buy on the daily chart. When you see a bullish candlestick, sell.
The fourth rule is that when the decline slows down, the rebound also slows down; when the decline accelerates, the rebound will accelerate.
The fifth rule is to build positions according to the pyramid buying method. This is the only constant in value investing.
The sixth rule is that when a cryptocurrency continues to rise or continues to fall, it will inevitably enter a sideways state. At this time, there is no need to sell everything at a high point, nor is it necessary to buy everything at a low point. Because after consolidation, there will inevitably be a trend change. If it changes from a high to a low, you should liquidate promptly; in short, you need to act quickly.