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Share Your Trade Stories on Binance Square to Unlock 5,000 USDC Rewards!
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#TradeOfTheWeek profit
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$SUI $ETH los los
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$ETH profit
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There is a very foolish way to trade cryptocurrencies, but this method can almost consume all the profits, so take your time to learn. First, when trading cryptocurrencies, you should never do three things. The first thing is to never buy when prices are rising; be greedy when others are fearful, and fearful when others are greedy. Get into the habit of buying when prices are falling. The second is to never place large bets. The third is to never go all in; being all in makes you very passive, and the market is never short of opportunities; the opportunity cost of being fully invested is very high. Additionally, here are six rules for short-term cryptocurrency trading. The first is that after the price has consolidated at a high level, there will usually be a new high. And after consolidating at a low level, it will typically create a new low, so wait for the direction of the price change to become clear before making a move. The second is to not trade during sideways movement; most people lose money in cryptocurrency trading because they cannot adhere to this simplest principle. The third is when selecting candlesticks, buy when a bearish candle closes and sell when a bullish candle closes. The fourth: as the decline slows, the rebound also slows; accelerated decline leads to quick rebounds. The fifth is to build positions using the pyramid buying method; this is the only consistent principle of value investing. The sixth is that when a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, there is no need to sell everything at the high or to fully buy at the low. Because after consolidation, it will inevitably face a price change. If the price changes downward from a high level, it is necessary to clear positions in time. In short, it is essential to act promptly$BNB $BTC $ETH
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