Don't always think about getting rich overnight; the real rules for navigating bull and bear markets are often so simple that they are overlooked—but it is these 'simple methods' that hold the true wealth secrets.
Three things not to do: Remember these three rules to reduce losses by 90%.
First, do not chase highs and sell lows.
Those who shout 'this time is different' at the peak often become 'the eternal top'. The truly ruthless ones remain calm and build positions when blood flows, not when the trending searches explode.
Second, do not go ALL IN on a single coin.
Concentrating risk is equivalent to suicide; keeping 30% cash gives you the confidence to counterattack the market during a crash. Don’t be the type who leaves positions to luck.
Third, do not go all in with full positions.
Full positions are the favorite gambling method of novices, while experts make decisions with room to spare. Position management is not about being conservative; it is the key to surviving and ultimately winning.
Six must-kill short-term principles: If you truly understand, even the market makers will respect you.
1. Consolidation = Signal for change.
Long consolidation must lead to a drop? Not necessarily. The silence of a consolidation period is the prelude to a major trend. Control your desires before breaking out, and strike decisively after.
2. Consolidation period = Death zone.
Most liquidations happen precisely during the most 'boring' consolidations. Feeling itchy to trade? That’s the trap the market makers have set.
3. Buy on bearish candles and sell on bullish ones; going against human nature is the way!
When the green candlestick pierces the earth's core and the whole network sings bearish, it is the time for you to set your positions. When others are fearful, I place orders; when others are greedy, I take profits.
4. Principle of accelerated decline.
The sharper the drop, the stronger the rebound. Next time you see a waterfall-like crash, don’t be afraid—thank the market for giving you discounted chips.
5. Pyramid adding method.
Add 10% to your position after a 10% drop, layer by layer compress costs, forcing the market makers' chips to become more expensive. This secret of Wall Street has been passed down for years and is never easily revealed.
6. The art of clearing positions.
Sharp rise and consolidation = Lock in profits!
Sharp decline and consolidation = Decisive stop loss!
Don't fantasize that long consolidation must lead to a rise; sometimes, consolidation is just the 'burial site' before the storm.
In the game of trading cryptocurrencies, it’s not about who is smarter, but about who is stable, who dares to go against human nature, and who can execute thoroughly.
Do you want to continue being the chives, or become a hardcore player that even market makers fear?
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