I have used the dumbest method for trading cryptocurrencies, and my win rate is nearly 100%! (A must-read for all new and old traders)
In the tumultuous sea of the cryptocurrency world, true experts do not rely solely on technical skills, but rather on a deep understanding of market laws and strict adherence to them. Here are their six ironclad rules to help you navigate the trading path smoothly and manage risks with ease!
1. Market volatility, mindset is king: Don't easily proclaim a peak during an uptrend, and don't assert a bottom during a downtrend. Just like whether Bitcoin can reach $150,000, the answer can only be revealed when the market is in a frenzy. What you think is a bottom may just be a temporary pause; the true bottom is always unfathomable.
2. Build positions in batches, stability is key: Experts never rush to establish positions; they control each buy and sell within one percent. This strategy provides them with more opportunities for trial and error, lower costs, and less risk.
3. Dare to chase highs, achieve the extraordinary: In the cryptocurrency world, fearing heights leads to misery. Understand that the main players' costs in a cryptocurrency are far from what you might imagine, including promotional costs, chip costs, development costs, and so on, often amounting to several times or even dozens of times the investment. Therefore, daring to chase highs allows you to seize real opportunities.
4. Bull market turnaround, don't miss the chance: A bull market is the only opportunity for a turnaround. Just like Buffett, no matter how smart he is, if he misses a bull market, he can only wait silently in a bear market. Therefore, in the cryptocurrency world, seizing the bull market is seizing the key to wealth.
5. Technical indicators are for reference only: Technical indicators are often lagging and can only serve as a reference rather than the main basis for buying and selling. During strong upward trends, while technical indicators may look good, prices are already high, requiring caution when chasing after increases.
6. Full of confidence, unafraid of the market: True cryptocurrency trading experts are full of confidence; they have experienced losses but have never been defeated. They firmly believe they will ultimately conquer the market, and this belief is the key to their success.
If you are also a tech enthusiast and are deeply studying the technical operations in the cryptocurrency world, you might want to follow the account "Bitcoin Walker" to get the latest cryptocurrency news and trading tips.