《Crypto Trading Essentials: Being a 'Foolish' Investor Can Help You Last Longer》
In these past few years of navigating the crypto world, I have realized a truth:
Smart people always try to buy low and sell high, only to get slapped in the face repeatedly;
'Foolish' people who diligently follow the rules, on the other hand, end up making a fortune.
Remember these 10 hard-earned rules, which can help you save 90% on tuition fees:
1. Don't panic if a strong coin drops for 9 days; it might be a golden opportunity
(If a junk coin drops for 9 days, you should run; if a quality coin drops for 9 days, it's just a shakeout)
2. After two consecutive days of significant gains, reduce your holdings
(Those who can buy are apprentices; those who can sell are masters)
3. If a coin surges more than 7% in a single day, there might be more upward movement the next day
(The main players aren’t doing charity; they want to attract more buyers)
4. When you finally have the chance to buy a truly good coin, it often has already corrected
(Don’t be the one buying at the peak of FOMO)
5. If a coin has been flat for more than 3 days with no movement, decisively switch coins
(Time cost is the most expensive; don’t waste it with the main players)
6. If today’s price doesn’t recover yesterday's losses, quickly run
(Losing money isn't scary; what's scary is stubbornly holding on)
7. Coins in the top three of the gainers list might reach the top five; the fifth day is often a sell point
(Understanding when to take profits is the mark of a true expert)
8. Trading volume speaks volumes:
- Increased volume at the bottom = opportunity is here
- Increased volume at a high price without gains = risk is here
9. Only trade coins in an upward trend
(Don’t go against the trend; stand where the wind blows)
10. Small capital can also make a comeback
(The key is using the right methods, not gambling on luck)
Finally, I offer everyone a heartfelt piece of advice:
In the crypto world, those who can wait earn more than those who can trade,
And those who survive go further than the smart ones.
(Share this with friends who are still paying tuition, so they can avoid detours)
