Three major secrets of the cryptocurrency world: Musk has studied them seriously.
Secrets of the cryptocurrency market
1: Do not sell on highs, do not buy on dips, do not trade during sideways markets. Buy during downtrends, sell during uptrends, and go against the market to be a hero. Wait for high-low consolidation, then wait some more. When high prices consolidate again, seize the opportunity to sell quickly; when low prices consolidate with new lows, it's a good time to buy fully. Hope this is useful to everyone [Hehe].
#币安上线WCT
Secret 2: Buy on significant drops in the morning, sell on significant rises in the morning. Do not chase large rises in the afternoon, and buy on subsequent drops the next day. Do not sell during low volatility at night; do not rise or fall while you sleep.
Four shortcuts to financial ruin:
1, Chasing highs and cutting losses;
2, Futures leverage;
3, Financing and cryptocurrency;
4, Short-term master operations.
Four major avenues to the peak of life:
1, Work diligently;
2, Invest spare money;
3, Buy at the bottom and hold long-term;
4, Eat and sleep on time. — This is the survival rule in the cryptocurrency world, and cannot be ignored by anyone who is not a master. (In the cryptocurrency world, ten days in the market is like ten years in the real world, with a level of ruthlessness rarely seen throughout history. Remembering the survival rules can ensure your survival.)
Make money when prices rise, earn coins when prices fall. Holding without selling means not losing.
Never go all in.
Never go all in.
Never go all in.
Never go all in.
Never go all in.
Never go all in.
Advice 1: Do not easily let go of low-priced chips. Stay firm in your beliefs and prevent market manipulators from exploiting you.
Advice 2: Chasing highs and cutting losses, going all in and out is always a major taboo. When the big trend is favorable, building positions in phases during a downturn is less risky, has lower costs, and can lead to greater profits.
Advice 3: Allocate profits reasonably to maximize the release of funds, rather than constantly increasing positions and deposits.
Advice 4: Recover your capital during rapid rises, and protect your coins during sharp declines. Always maintain a positive mindset, avoid speculation, impatience, greed, and fear, and do not fight battles that you are unprepared for.
Advice 5: Positioning in advance or investing in low-priced private coins relies on experience and speculation on the coin's future, while the subsequent secondary market speculation relies on technical analysis and news to follow the lead. Do not confuse the two; otherwise, it will lead to chaos.
Advice 6: Positioning and selling must be layered and staged, gradually widening the price range to effectively control the ratio of risk to profit.
Advice 7: Be familiar with the linkage effect. When analyzing coins, keep an eye on the trends of other coins. Each coin does not exist in isolation during market trading; they are intricately connected. Understand the linkage effect of coins and fully utilize consulting tools and apps.
Advice 8: Reasonable allocation of positions is necessary. The allocation of hot coins and value coins must be reasonable, paying attention to the ratio of pressure resistance and profit intake. Being too conservative may lead to missed opportunities, while being too aggressive may face high risks! The main characteristic of value coins is stability, while hot coins are particularly volatile, which can lead to soaring gains or total losses.
Advice 9: Having coins in the market, money in the account, and cash in your pocket is the safest and most reassuring standard configuration. Never go all in; going all in is certain death. Understanding risk control and reasonable capital allocation is key to your mindset and success. Investing with spare money is fundamental.
Advice 10: Master the basics of operations, learn to draw inferences from one instance to another, understand basic trading concepts, observation is a prerequisite, remember each high and low as reference data, learn to record, summarize materials, cultivate reading habits, and develop the ability to filter and screen information.
Experience:
First rule: Do not worry about the length of time holding, but focus on whether the market has reached its peak.
Second rule: When the coin price rises, if one is overly eager to pursue higher profits and hesitates to sell at high prices, the result of greed often leads to missed opportunities.
Third rule: Take profits when they are available, maintain your gains, and this requires wisdom and patience.
Fourth rule: When everyone on the street is talking about making big money, it's time to sell.
Fifth rule: Any greedy investor will inevitably regret not buying in at low prices when they see a massive rise, while the main traders exploit the retail investors' psychology of wanting to chase the rising prices.
The market changes every day; you must seize the opportunity before acting. If you feel too confused, you can follow me. I regularly share cutting-edge news and practical strategies, and feel free to discuss and seize great opportunities together!
