Basic Principles of Investment
Do not trade without charts: Never engage in cryptocurrency trading without reviewing the price charts
Avoid chasing highs on good news: Never buy in when positive news is released, especially if the price chart shows a significant increase before the news is announced
Do not catch falling knives: Never buy a cryptocurrency just because you think it’s cheap during a price drop. Under sustained selling pressure, the price often drops even lower
Stay away from downtrends: Never buy in a downtrend
Do not hold falling coins: Never hold onto cryptocurrencies that are in a downtrend, no matter how low their so-called 'valuation' is. When the price drops further, you will understand the reason for the decline
Maintain trading consistency: Always adhere to the principle of trading consistency. If you buy sometimes and sell at other times under the same circumstances, there is a significant problem with your trading discipline
Investment is a battle of mindset and self-discipline. Few can truly adhere to these seemingly simple principles
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