When trading cryptocurrencies, never do three things

I am 35 years old this year. I entered the crypto world ten years ago with only 50,000 and started my professional trading career. Now my assets exceed 50 million. There is a very foolish method in trading, but this method can almost eat away all profits, so learn slowly. First of all, there are three things we should never do when trading cryptocurrencies.

The first thing is to never buy in when prices are rising; be greedy when others are fearful, and be fearful when others are greedy. Make it a habit to buy when prices are falling.

The second is to never over-leverage.

The third is to never go all in; being fully invested makes you very passive, and the market is never short of opportunities. The opportunity cost of being fully invested is very high.

Additionally, let's talk about the six rules for short-term trading.

The first rule is that after the price stabilizes at a high level, there is usually another new high. Conversely, after stabilization at a low level, there will usually be another new low, so we should wait for a clear direction of the trend change before making any moves.

The second rule is to avoid trading during consolidation; most people lose money in crypto trading because they cannot adhere to this simple principle.

The third rule is when selecting candlesticks, buy when there are bearish candles on the daily chart, and sell when there are bullish candles.

The fourth rule is that a slowing downtrend will see a gradual rebound, while a rapid decline will lead to a quicker rebound.

The fifth rule is to build positions using a pyramid buying method; this is the only unchanging principle of value investing.

The sixth rule is that when a cryptocurrency continuously rises or falls, it will inevitably enter a consolidation phase. During this time, we do not need to sell everything at high prices, nor do we need to buy everything at low prices. After consolidation, there will inevitably be a trend change. If the price changes downward from a high level, we must clear our positions in a timely manner. In short, we must push forward in a timely manner: $BTC $ETH