When I earned my first bucket of gold worth 2 million from the cryptocurrency world, I was so excited. To be honest, it was in the crypto space that I opened the door to a new world. I have expressed my tested methods in writing for reference, as I have been using a simple yet very practical trading strategy: learn slowly. First, when trading cryptocurrencies, we must never do three things. First, we must never buy during a rise; be greedy when others are fearful and fearful when others are greedy. Develop the habit of buying during declines. Second, never place large orders. Third, never be fully invested. Being fully invested makes you very passive, and this market is full of opportunities; the opportunity cost of being fully invested can be very high. Additionally, here are six rules for short-term stock trading. The first is that after the price stabilizes at a high level, there is usually another new high. After stabilizing at a low level, there is usually another new low, so we should wait until the direction of the market change is clear before making any moves. The second is to avoid trading during sideways movements. Most people lose money in crypto trading because they cannot adhere to this simplest principle. The third is to buy when the candlestick shows a bearish trend and sell when it shows a bullish trend. Fourth, when the decline slows, rebounds also slow down; during a decline, a rebound quickens. Fifth, build positions according to the pyramid buying method; this is the only constant in value investing. The sixth is that when a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, we do not need to sell everything at a high point, nor do we need to buy everything at a low point. Because after consolidation, a market change is inevitable. If it changes downwards from a high point, we must clear our positions in a timely manner. In short, we must act promptly. Give a thumbs up to the master, Yang Ge, who shares more valuable content with you every day to learn more trading techniques.
