I used the dumbest method for trading cryptocurrencies, and my success rate is close to 100%! (A must-read for all cryptocurrency traders)

This method can almost eat up all the profits; take your time to learn. First of all, we should never do three things when trading cryptocurrencies.

The first thing is to never buy in when the price is rising. Be greedy when others are fearful, and be fearful when others are greedy. Make it a habit to buy when the price is falling.

The second is to never leverage positions.

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 all-in is very high. Now let’s talk about six rules for short-term trading.

The first is that after the price of a cryptocurrency consolidates at a high level, it usually makes a new high. After consolidating at a low level, it usually makes a new low again. Therefore, we should wait until the direction of the trend is clear before we act.

The second is to not trade during sideways movement. Most people lose money in trading because they can't do this simplest thing.

The third is when selecting candlesticks; when we see a bearish candle, we buy on the daily line. When we see a bullish candle, we sell.

The fourth is that as the decline slows, the rebound also slows; a decline accelerates a rebound.

The fifth is to build positions using the pyramid buying method. This is the only constant in value investing.

The sixth is that when a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, we don’t need to sell everything at the high, nor do we need to buy everything at the low.

Because after consolidation, a trend change will inevitably occur. If the trend changes from high to low, we need to clear our positions in a timely manner; we must act promptly.

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