Survival Rules in the Cryptocurrency World: Three Cautions and Six Principles, a Simple Method to Confound the Market Makers
In this world full of temptations and traps, those who can sustain profits are often not the flashy technical traders, but the 'simple' investors who adhere to straightforward principles. Today, I will share a set of survival tricks that can give even the market makers a headache.
Three Cautions:
Caution Against Impulsiveness
Stay calm when seeing the price rocket up
Market euphoria is often the riskiest time
Real opportunities appear in neglected corners
Caution Against All-in
Always keep at least 30% in cash reserves
Only when a crash comes do you realize the value of cash
Diversified investments are key to long-term survival
Caution Against Greed
The market is never short of opportunities
Going all in means cutting off your escape route
Flexibility is essential to seize real opportunities
Six Principles:
Identifying Sideways Market Traps
High-level sideways movements are often precursors to crashes
Low-level consolidations may conceal dangers
Remain observant before confirming a trend change
The Art of Contrarian Trading
Look for opportunities during market panic
Stay alert when the crowd is euphoric
Significant drops often present good buying opportunities
Crash Response Strategies
Gradual declines indicate weak rebounds
Sharp declines lead to retaliatory surges
Prepare funds to cope with extreme market conditions
Scientific Position Building Methods
Use the pyramid method for scaling in
Increase positions by 10% for every 10% drop
Effectively dilute the cost of holdings
Take Profit and Stop Loss Discipline
After a surge, first recover the principal
Decisively exit when key support is breached
Execution is more important than judgment
Mindset Management Tips
Learn to filter market noise
Make a plan and strictly execute it
Patiently wait for your own opportunity
This method may seem simple, but it is the result of countless predecessors exchanging hard-earned experience. In the cryptocurrency market, surviving longer is more important than making quick profits. Remember, what market makers fear most is not genius traders, but those 'simple' investors who can stick to basic rules.
Big C will continue to monitor the market and guide fans to position in spot or contracts at appropriate levels. There are opportunities in the cryptocurrency world; it depends on whether you can seize them! Opportunities do not wait for anyone; if you want to eat well, quickly follow Big C’s lead! $BTC
