Investing, the real way to steadily make big money is to chase the rise.
If someone touches Livermore's trading mindset at the beginning of trading cryptocurrencies,
Newbies die from the saying of chasing highs,
It may be just the opposite for you,
It is precisely because of chasing highs,
You will not experience significant losses all the way.
After initially touching Livermore,
I started to consistently chase mainstream coins that were historically at new highs,
Then I controlled losses to 10%
So all the way down, there was just no significant profit
But very little loss
And I always managed to chase some
Coins with huge increases
Chasing the rise is always correct, but you need to cut losses. Buying some trending coins that break through new highs is not a problem, such as sol, hype, bnb, xrp, btc, etc. in this bull market, continuously breaking through. The more people buy, the more it rises, and this is when you should enter the market. Retail investors always feel like "it has risen so much, it must fall now" and portray themselves as coin gods. The biggest fear in trading coins is subjectivity, and the biggest fear is diligence. Yes, you read that right! Only lazy people can make money.
In cryptocurrency trading, the ones who can make big money are definitely not those who buy low and sell high, but those who buy at high levels and sell at even higher levels, the so-called controlling shareholders or institutions, these are the true strong who remain strong. However, they need sufficient funds or influence to affect the entire market because only a market that creates space can thoroughly wash away floating chips. The pattern of "bullish engulfing" is a typical confirmation signal of strong remaining strong. If you still can't identify truly strong coins, seriously comprehend this pattern until you can fully integrate it.
The first thing to confirm about the "bullish engulfing" pattern is the trend; it must be established as a bullish upward trend. In the middle of the trend, there appears an adjustment-confirming bullish engulfing pattern, and at this stage, the entire bullish upward trend has not been affected.
