How should we respond when we are trapped in cryptocurrency trading?
First, let me share some basic techniques. When the coins are good, there's no need to say much; it’s definitely profit. But what do we do when they aren't good?
This is the real test for everyone. After all, doing anything requires experience, and only those who can withstand the pressure can make money.
With over 10 years of stock trading experience and having interacted with tens of thousands of cryptocurrency enthusiasts, I've realized that there are common insights from losses to significant gains. First, let me summarize a few iron rules, concise yet profound, with high value. Those who understand them must have at least 10 years of stock experience.
Cryptocurrency trading mantra one: When trapped, average down to seek capital preservation; to desire profit is greed.
Cryptocurrency trading mantra two: A calm surface may hide a wave behind; beware of the big waves that follow.
Cryptocurrency trading mantra three: After a big rise, there must be a correction; K-lines will form a triangle over several days.
Cryptocurrency trading mantra four: Buy when the market is down, sell when the market is up; act against the trend to be a hero.
Cryptocurrency trading mantra five: Don’t sell on spikes, don’t buy on plummets, and don’t trade during sideways movements.
Cryptocurrency trading mantra six: In an upward trend, watch for support levels; in a downward trend, watch for resistance levels.
Cryptocurrency trading mantra seven: Full position trading is a big taboo; obstinacy is not advisable. Know when to stop amidst constant changes, and be flexible in entering and exiting positions.
Cryptocurrency trading mantra eight: Trading is about mindset; greed and fear are major harms. Be cautious in chasing price fluctuations, and keep a calm disposition.
Currently, I'm laying out a divine egg! Continually profiting! Comment 555 below! Embrace the unpredictable!
