Ultra Short Guide:
In your cryptocurrency trading career, if there is anything you cannot discard within thirty seconds, do not engage in this line of work. Good habits ensure stable profits.
When a hot trend arises, give it your all; when the trend recedes, sell decisively. Short-term trading does not focus on value or technology, only on stories. If you must fabricate technology, watch the "popularity"; if the momentum isn't there, be cautious about exiting.
With a compelling story and substantial funds active in a coin, there is profit to be made. Once you've profited, retreat and place slow buy orders. Only trade the leaders, only engage in major upward trends, only act on inertia. Do not engage in pullbacks, do not chase volatility; underdogs love comebacks, but without a leading upward trend, just wait! Just wait! Just wait! Adhering to the leading strategy will yield significant returns.
Summary:
Make big profits with small losses, keep drawdowns small to form compound interest, and controlling drawdowns means controlling your own desires. Reduce impulsive trades, minimize friction costs, buy coins that everyone believes in at first glance, and quick follow-through is the key to sustained profitability.
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