Brothers, the cryptocurrency market is very deep
Trading cryptocurrencies is not about flashy technical analysis, not about stubbornly sticking to indicators, and not about staring at the screen all day to take advantage of others. It's about – sticking to "simple, steady, and slow."
Many people enter the market hoping to get rich overnight, but end up over-investing and blowing up their accounts, suffering huge losses. The truly excellent teachers will teach you to use the simplest methods, gradually turn things around, and make consistent profits without losses!
This "simplest" way to trade cryptocurrencies:
1. Only follow the big trend, go with the flow
Don’t guess blindly, don’t chase tops and bottoms, follow the trend. When the trend arises, don’t hesitate, even if it goes up halfway, just run and secure the profit. Don’t fantasize about picking the bottom; that’s too heartbreaking.
2. Position control, light positions multiple times
Never go all in; divide your position into several parts and enter slowly. If you lose once, it’s okay, keep your capital and continue. If you lose, start over; the risk is smaller, and your mindset is steadier.
3. Set stop losses, cut losses decisively
If losses exceed 5%-8%, stop loss immediately, don’t be greedy. What the cryptocurrency market fears most is "cutting losses on oneself." If you want to turn your account around, your mindset must be strong; if you lose, stop, making money is the only principle.
4. Regularly review your trades, don’t stare at the market and panic
Spend 5 minutes each day to check the market conditions and adjust your plans. Trading cryptocurrencies isn’t about staring at your phone all day yelling to cut losses, but about operating in a rhythmic and step-by-step manner, moving forward steadily.
Finally, here are a few pieces of advice for you:
Don’t believe in flashy technical indicators; trends are the hard truth.
Don’t go all in for a gamble; there are no guaranteed wins in the cryptocurrency market; maintaining your capital is key.
Follow experienced teachers; don’t waste time and money fumbling around alone.
Remember: Opportunities are often counterintuitive,
Where most people fear, that’s where a few people make their fortunes.
