The Dumbest but Steadiest Cryptocurrency Trading Method — Maintain Long-Term Stable Profit
In this market filled with temptations and traps, the seemingly 'dumb' methods often help you walk steadily further. To avoid long-term losses, you only need to remember a few simple principles:
Three Things You Should Never Do
Do not blindly buy in during an uptrend
True opportunities often arise when the market is down and emotions are panicking. Learn to 'be greedy when others are fearful and fearful when others are greedy,' making it a habit to buy on dips.
Do not gamble with luck by placing large orders
The market changes rapidly; placing large orders can easily trigger stop losses or miss opportunities. Being flexible is more important than placing rigid orders.
Do not operate with a full position
Being fully invested makes you extremely passive. The market never lacks opportunities, but being fully invested means you lose the capital to adjust and wait, resulting in high opportunity costs.
Six Short-Term Trading Rules
High-level consolidation often leads to new highs; low-level consolidation often leads to new lows.
Wait for directional confirmation, then follow the trend.
Do not trade during sideways movements.
Many people lose money because they can't control their hands and insist on battling during fluctuations.
Buy on bearish candle closes, sell on bullish candle closes.
Follow the rhythm of candlesticks and avoid counter-trend operations.
A slow decline must bounce slowly; a sharp decline must rebound.
The strength of the decline often determines the strength of the rebound.
Pyramid building.
Buy in batches and incrementally; this is the safest and most effective rule of value investing.
After rises and falls, there must be a consolidation; after consolidation, there must be a directional change.
Do not blindly sell with a full position during high-level consolidation, nor go all in during low-level consolidation. Patiently wait for the direction of the change, and once confirmed, execute decisively.
This set of methods has no fancy techniques, but it can help you avoid most traps, protect your capital, and proceed steadily. The market has never lacked 'smart people' who have failed miserably; in the end, those who understand 'clumsy yet steady' often emerge victorious.
