There is a very foolish way to trade cryptocurrencies, but this method can almost eat up all the profits, so learn slowly.

First, when trading cryptocurrencies, never do three things:

The first is to never buy during an uptrend; be greedy when others are fearful, and be fearful when others are greedy. Make it a habit to buy during a downturn.

The second is to never use margin trading.

The third is to never go all-in. Once you go all-in, you become very passive, and the market is never short of opportunities. The opportunity cost of going all-in can be very high.

Now let's talk about six key phrases for short-term cryptocurrency trading:

The first is that after a high price consolidation, there is usually a new high. After a low price consolidation, there is usually a new low, so wait for the direction of the market to become clear before taking action.

The second is to avoid trading during a sideways market. Most people lose money in cryptocurrency trading because they cannot accomplish this simplest of tasks.

The third is when selecting candlesticks, buy during a bearish closing and sell during a bullish closing.

The fourth is that a slowdown in decline leads to a slow rebound, while a rapid decline can lead to a quick rebound.

The fifth is to build positions using a pyramid buying method; this is the only unchanging principle of value investing.

The sixth is that when a cryptocurrency continues to rise after a sustained decline, it will inevitably enter a sideways state. At this time, there is no need to sell all at the high or buy all at the low. Because after consolidation, a change will inevitably occur. If it changes downward from a high position, one should clear their positions in a timely manner; in short, timely action is essential.

Follow Brother Jie, eat nine meals a day! Whether you earn a lot or a little is up to you, but I only give you one chance. If you want to get on board, act quickly; don't wait until others have made their profit before you regret it!

The market does not wait for anyone; hesitation means missing out!