A foolproof and stable method of trading cryptocurrencies that allows you to keep earning
There is a foolproof method for trading cryptocurrencies, but this method can almost eat away all profits, so learn 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 fearful when others are greedy. You should buy during downturns and make this a habit.
The second is to never over-leverage.
The third is to never go all in; going all in makes you very passive, and the market is never short of opportunities. The opportunity cost of going 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. Similarly, after stabilizing at a low level, it will often make a new low, so wait for the direction of change to become clear before making a move.
The second rule is to not trade during sideways movements; most people lose money in cryptocurrency trading because they cannot adhere to this simplest point.
The third rule is when choosing candlesticks, buy during bearish candlesticks on the daily chart. Sell when the candlestick is bullish.
The fourth rule is that the decline slows down, the rebound is also slow, and a rapid decline leads to a rebound.
The fifth rule is to build positions according to the pyramid buying method; this is the only unchanging principle of value investing.
The sixth rule is that when a cryptocurrency continues to rise or 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, it will inevitably face a change. If it changes direction downwards, you need to clear your position in a timely manner; in short, you need to act promptly.