Want to become a cryptocurrency trading expert? These eight maxims are not to be missed
1. Stay calm and seek to break even when trapped; greed for profit leads to disaster. In cryptocurrency trading, there will always be a few coins that are stuck. At this time, remember not to fantasize about turning losses into profits; rushing for quick gains will only lead you deeper into trouble. Honestly supplement your positions to protect your capital, so you can sustain your trading over time.
2. A calm surface belies a turbulent tide; beware of the big waves behind. The cryptocurrency market may appear calm on the surface, but there are undercurrents moving beneath. Do not be deceived by the small price increases in front of you; stay alert and beware of the upcoming major fluctuations.
3. After a big rise, there must be a correction; K-line patterns often form triangles over several days. When the price of cryptocurrencies skyrockets, do not get overly excited. Because after this, there will inevitably be a correction. Look at that K-line; isn't it just an equilateral triangle drawn over several days?
4. Buy on the downside, not the upside; sell on the upside, not the downside; moving against the market is the hallmark of a hero. Buy coins when they are declining and sell them when they are rising. Acting against the trend is the way to achieve unexpected victories.
5. Do not sell when prices rise; do not buy when prices plunge; do not trade during sideways markets. When prices reach new heights, do not rush to sell; when they plunge, do not rush to buy the dip. During sideways markets, you must restrain yourself and observe the changes quietly.
6. In an upward trend, watch the support level; in a downward trend, watch the resistance level. When the price is rising, pay attention to the support level to prevent pullbacks. When the price is falling, pay attention to the resistance level to find buying opportunities.
7. Full position trading is a major taboo; acting on impulse is unwise; know when to stop amidst changes; enter and exit freely by observing the market. Do not trade with a full position or make reckless bets. The cryptocurrency market is unpredictable; learn to take profits and enter and exit freely. Only by observing changes quietly can you grasp the best timing.
8. Cryptocurrency trading is all about mindset; greed and fear are significant threats. Be cautious when chasing price trends; maintain a calm and composed mindset. In trading, the right mindset is crucial.
Greed and fear are our greatest enemies; avoid chasing prices and killing dips, and maintain a peaceful mindset.
Finally, let us remember these eight maxims, laugh in the bear market, and become true cryptocurrency trading heroes!
Understanding cryptocurrency trading is a similar process; from seven losses to two breakevens and then to one profit, it is all about maintaining focus and not getting distracted by various profit models; firmly stick to one trading system, and over time, this system will become your cash machine. #加密市场反弹 #巨鲸JamesWynn动态