Ultimate Guide to Cryptocurrency Trading for Families: 10 Rules for Survival in the Crypto World (Tested Effectively by Silk Road)
1. Strong coins falling for 9 consecutive days at high positions, confirm signals and follow decisively, refuse to bottom fish in advance;
2. Reduce positions after 2 consecutive days of coin increases, lock in profits for safety, greed is the starting point of losses;
3. If a single day rises more than 7%, observe the next day to avoid pullbacks, do not blindly chase highs;
4. Do not chase strong coins, wait for pullbacks to confirm support before precisely entering for certainty;
5. If there is no fluctuation for 3 days, extend observation to 6 days; if there is still no breakthrough, immediately switch positions, do not waste capital efficiency;
6. Stop loss if unable to recover the next day, exit timely without getting attached to the battle, retaining capital is key to having a chance for recovery;
7. Follow the 'Three-Five-One-Seven' strategy for gains: buy on dips after 2 consecutive days of increases, accurately take profits on the fifth day;
8. Core principles of volume and price: breaking out on increased volume at low levels is a golden opportunity, while increased volume at high levels indicates stagnation, exit decisively;
9. Only trade in upward trending coins: short-term trades on the 3-day line, hold on the 30-day line, enjoy the main upward wave on the 80-day line, and determine the bull market turning point on the 120-day line;
10. Secrets to small capital outperforming the market: rely on professional methods to set direction, maintain a calm mindset to resist volatility, execute decisively to seize opportunities, and dare to act decisively when the wind is favorable! $BTC