The 'six core rules' for making a profit in cryptocurrency trading that you must know! A senior figure in the crypto space stated: As long as retail investors grasp these 6 points, a capital of 100,000 can easily roll over to 5 million. How to do it specifically?
First point: Firmly implement stop-loss and take-profit. Trading cryptocurrencies is short-term trading rather than long-term holding. Being greedy when making profits and reluctant to cut losses will only lead to deeper troubles. If the position trend does not meet expectations, one must decisively exit.
Second point: Give up the pursuit of precise highs and lows. The market always has lower and higher points, which ordinary people cannot grasp accurately. Instead of getting tangled up in extreme price levels, it is better to layout in the bottom area and take profits in the top area; stability is more important.
Third point: Keep a close eye on the perfect combination of volume and price. Be cautious of coins that rise without trading volume and reach new highs without volume! This may very well be a signal of major players unloading and weakness in the upward trend; better to miss out than to blindly chase the rise and fall into pitfalls.
Fourth point: Maintain a quick response to market changes. When positive information appears, immediately lock in the benefiting sectors and targets. If the first tier cannot catch up, decisively cut into the second tier; timely follow-up can also yield substantial profits.
Fifth point: Learn to take a break from the market at the right time. The market pattern has always been 'three months to the bottom, three days to the top'; the main upward wave of coin prices is inherently short-lived. Seize the core upward cycle to exert effort, and rest assured during other times to avoid ineffective operations.
Sixth point: A sharp decline is the best opportunity. The biggest benefit of the market is a sharp decline; often, under panic lies great opportunity. Remember, 'When others are greedy, be fearful; when others are fearful, be greedy.' During a sharp decline, selectively invest in high-quality coins decisively.
These six points seem simple, but very few can truly accomplish them. Ultimately, if one cannot overcome the greed and fear of human nature, it is very difficult to earn the first bucket of gold in life.
Dong Ge focuses on real trading, and the team still has a few spots available. Those who want to get on board should seize the opportunity!#加密市场回调
