A super stable method for trading cryptocurrencies, ensuring you make a profit without any losses. There’s a particularly silly but reliable method that can help you grasp all your profits; you need to take your time to ponder it. When trading cryptocurrencies, there are three things you must never do.
The first thing is to never buy when the price is rising. You must learn to buy boldly when others are scared to death, and take it easy when others are scrambling in a frenzy. Buy when the price is falling; you need to develop this habit.
The second thing is to never put all your eggs in one basket.
The third thing is to never operate fully invested; if you are fully invested, you become passive. There are plenty of opportunities in the market; being fully invested raises the opportunity cost.
Now let’s talk about a few tips for short-term cryptocurrency trading:
First, don't rush to buy when the price is high; it might go up a bit more. Likewise, don’t rush to sell when the price is low; it might drop a bit more. Wait until the direction is clear before acting.
Second, don’t trade when the market is sideways; if you can’t manage this, many people will end up losing money in trading.
Third, look at the candlestick chart: try to buy when there’s a bearish candle and consider selling when there’s a bullish candle.
Fourth, if the price is falling slowly, the rebound will be slow; if the price is falling rapidly, the rebound will come vigorously.
Fifth, when building a position, follow the pyramid method; this is an old rule of value investing.
Sixth, if a cryptocurrency rises sharply or falls dramatically, it will definitely move sideways for a while afterward. At this point, don’t sell everything at a high, and don’t buy everything at a low. After the sideways movement, there will be a change; if it starts to fall from a high point, you need to quickly liquidate your position. #我的COS交易 $BTC