Short-term trading in cryptocurrencies, remember these three iron rules.

First, securing profits is key. If the price of the coin rises by more than 10% after buying, stay alert. If the price drops back to the buying price, don't hesitate, sell decisively. If you've made a 20% profit, set a bottom line for yourself: do not sell if the profit is less than 10%, unless you are certain it's reached a temporary high point; otherwise, hold on tight. If you've made a 30% profit, at least secure 15% of the profit before selling. By doing this, even if you can't pinpoint the high, you can let your money grow more and more.

Second, cut losses in time, and never cling to a losing battle. If you incur a loss of 15% after buying (this ratio can be adjusted based on your risk tolerance, but 15% is a good reference), immediately cut your losses and exit. This is to avoid further losses. If the price of the coin goes up afterward, don't regret it; it indicates that the entry timing was wrong, and recognizing the loss and exiting pays for the bad trade. Always set a stop-loss for each trade; this is a fundamental operation in cryptocurrency trading.

Third, buy back at a low price to lower costs. If the coins you sold drop in price but you still believe in their prospects, buy them back in the same quantity. This way, the number of coins remains unchanged, and you can have additional funds. If you sold and the price didn't drop much, and you didn't buy back in time, resulting in the price rising back to the selling price, don't hesitate; buy back quickly. Although you will incur some transaction fees, it can effectively prevent missing out. This method can be combined with the stop-loss strategy: buy when it returns to the original price, and stop-loss if it drops again. If after multiple operations you find that the price of this coin fluctuates too much and is hard to grasp, then choose a new entry point.

Short-term trading in cryptocurrencies emphasizes strict adherence to principles. Quick entry and exit is not blind hustle, chasing hot trends is not random luck, taking profits is not cowardice, and holding cash to observe does not mean withdrawing from the crypto market. When buying and selling, don't be too fixated on the lowest and highest prices; being close is good enough; seizing the right timing is key.

#币安Alpha上新 #币安钱包TGE #鲍威尔半年度货币政策证词 #Strategy增持比特币

Follow Ziheng by clicking the profile picture to quickly get started and understand information gaps, gain firsthand information and in-depth analysis, and continue to share more ways to make money!