Cryptocurrency Trading Profit Secrets: Even Simple Methods Have Great Wisdom

In cryptocurrency trading, there is a particularly practical but super stable method that can help you tightly grasp your profits. This method requires time to gradually refine; don't rush, let's take it step by step.

First, there are three iron rules in cryptocurrency trading that you must remember; never break them!

The first rule is: Don't chase the price! When you see the price soaring, you must not get tempted. Buying in at this time carries a lot of risks. You need to learn to buy bravely when others are scared to death, which is when the price is falling. Conversely, when the price is rising rapidly, you should be cautious and not dive in recklessly.

The second rule is: Don't put all your eggs in one basket. In cryptocurrency trading, you need to diversify your investments. Don't put all your money into one coin; if that coin fails, you will incur significant losses.

The third rule is: Don't go all in! Going all in is like forcing yourself into a dead end. There are plenty of opportunities in the market; if you go all in, then you will miss out on other opportunities. Therefore, funds should be allocated reasonably; don’t make yourself too passive.

Next, let's talk about a few tips for short-term cryptocurrency trading:

First, when the price is high, wait for a moment; don’t rush to buy in. It might go up a bit more, but it might also drop. Similarly, when the price is low, don’t rush to sell; it might drop a bit more but could also rebound. Therefore, wait until the direction is clear before taking action.

Second, during sideways trading, absolutely do not trade! At this time, the market is like a foggy forest; if you enter, you are likely to get lost, and losing money is inevitable.

Third, look at the candlestick chart; when there are bearish candles, try buying in, and when there are bullish candles, consider selling. Although this is not a hard rule, it is often quite accurate.

Fourth, when the price is falling slowly, the rebound is also slow; when it’s falling quickly, the rebound will be vigorous. You need to learn to observe the rhythm of the market and follow its pace.

As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the cryptocurrency world but don’t know where to start? Click on my profile to see my introduction and witness the moment of miracles together.