I used the dumbest retail investor method for trading cryptocurrencies, and my win rate is close to 100%! (A must-read for all crypto traders)
1. Only participate in the market's irreversible upward trends
"Only participate in the market's irreversible upward trends." The market is the reality; it is unquestionable and cannot be challenged. Trends are irreversible. As an investor, you must dare to admit mistakes, correct them at any moment, reject uncertain market conditions, and engage in trends that even the market makers must follow. You must learn to go with the flow.
2. Refuse frequent trading
The casino is open twenty-four hours; there is no need to open positions frequently. There are many logics involved, such as timing, trial and error, and position control. We advocate for waiting patiently like a hunter for the perfect moment, rather than recklessly investing at the sight of prey.
3. Do not blindly trust technical indicators
First, we must acknowledge that any technical indicator has its lagging nature.
For example, when the MACD indicator signals a golden cross buy signal, the asset has likely already risen. At the moment the golden cross appears, you might very well be the one buying at the top!
4. Buy and forget the cost price $ETH
Once you start a short or long position, its cost price has no relation to any subsequent operations, because whether to sell depends on market trends, which has nothing to do with whether you are still in profit. If the trend is good, continue to hold; if the trend is bad, reduce your position or even close it. $BTC
5. Participate with funds you can afford to lose. #币圈
Use spare money for trading cryptocurrencies. All investments come with risks. Investors can increase their investment after mastering the skills to profit from the game. Until then, it is essential to participate with funds you can afford to lose, as borrowing money often leads to severe losses! #币圈暴富
6. Make sure to withdraw profits on time. #比特币
Without withdrawals, everything is just numbers. Cryptocurrency investors are like gamblers who have not left the casino; even if you temporarily earn a lot of money, that doesn’t make you a winner. Only when you extract cash from the market can you say you came out on top. In the crypto space, withdrawing profits on time is a good habit. #CPI数据来袭
If you are also a tech enthusiast and are deeply studying technical operations in the crypto space, feel free to check out my article on the public account "Crypto Whale" to get the latest information and trading techniques in the crypto world.