6 Survival Rules for Short-Term Crypto Trading
Newbies remember, veterans resonate!
After many years of short-term trading, my feeling is:
It's not scary not to make big money, what's scary is losing all your principal in one drawdown
The following 6 rules are the experience I gained with real money 👇
✅ 1. If the trend is unclear, it's better to wait and see
Don't act before the breakout, sideways movement is not an opportunity, it's a trap.
📌Mnemonic: Don't move if there is no direction; get on the train after the breakout.
✅ 2. Sideways oscillations are the easiest to lose money in
Chasing ups and downs will get you swept away.
📌Mnemonic: Don't take action when oscillating, enter the market when the direction is clear.
✅ 3. Look at K-line sentiment in reverse
A big negative line in a bear market may be a bottom-buying signal;
A big positive line in a bull market, be careful of the main force shipping.
📌Mnemonic: Don't panic with negative lines, don't be greedy with positive lines.
✅ 4. Falling rebounds are all tempting to buy more
Before the bottom is seen, don't touch the rebound, buying more as it falls is equal to getting deeper and deeper.
✅ 5. Build positions in batches, don't go all in
Buy more as it falls to lower costs, don't gamble.
📌Principal is life, staying alive is the most important thing.
✅ 6. At the end of the trend, retreat decisively
Violent fluctuations = change of direction signal, being greedy for the last bite may lose even the principal.
📌Once "wave-by-wave decline" occurs, immediately take profit and leave.
💡Crypto trading is not about being bold, but about being more stable.
Learn to avoid pitfalls first, then talk about making money.
