Many people have been in the cryptocurrency circle for years, but eventually leave quietly, not because they missed the bull market, but because they fell victim to the most basic mistakes!
I have always felt that the dumbest way to trade cryptocurrencies is often the most effective.
But this path is too slow and too tedious, and most people can't stick with it. Because they can never escape these three major "common problems":
⚠️ First is chasing highs and selling lows. As soon as they see a coin rising, they rush in, fantasizing it will keep flying, only to buy at a high point and panic when it drops, missing the rebound. Only those who can get used to buying during declines and selling during peaks truly reap the benefits of the cycle.
⚠️ Second is heavily betting on direction. The direction might be correct, but after a few washes by the main force, they get forced out of their position—not due to a wrong judgment, but because they couldn't hold on.
⚠️ Third is emotional full positions. They go all-in when excited, losing flexibility in adjusting their position. Even if they see the right opportunity, they can't move their funds, and can only feel anxious as they watch the chance pass by.
Ultimately, in the cryptocurrency world, it's never the market that loses, but the habits.
I have summarized a set of short-term "six-character mantra" which is simple yet often overlooked:
️ High-level consolidation isn't over; new highs are often still to come; low-level fluctuations are hard to stop, easily probing the bottom again. Don't act until the market changes.
️ In sideways markets, never enter the field. Most people die in the fluctuations.
️ Buy on daily bearish closes, sell on bullish closes. Following market sentiment is better than subjective judgment.
️ Slow declines are hard to bounce back from, while sharp declines are easy to rebound. Only by seeing the rhythm can opportunities be seized.
️ Build positions in a pyramid, enter in batches, and always keep some bullets.
️ After a big rise or fall, there must be fluctuations, and after fluctuations, there will definitely be a change in the market. Don't bet at extreme positions; wait for signals before acting.
The market is not short of opportunities; what it lacks are those who can endure, wait, and survive. You think experts rely on luck, but in reality, they have perfected the "dumb methods"!