The dumbest way to make money in the cryptocurrency world, the dealers are most afraid of you learning it!
Do you know what the real secret to getting rich in the cryptocurrency world is? It's not relying on insider information or luck, but a 'dumb method': Don't do three things, and six must-dos!
Three don'ts: Breaking any one of them could lead to massive losses
1️⃣ Don't chase after rising prices or panic sell
The steeper the rise, the deeper the trap. The real opportunities are often hidden in the valleys where blood flows!
2️⃣ Don't go all in on a single coin
Putting all your eggs in one basket? That’s the mindset of a gambler. Keeping 30% cash on hand gives you the confidence to buy the dip during a crash!
3️⃣ Don't go all in with your entire position
The cryptocurrency market is never short of opportunities; what’s lacking is the people who are alive to wait for those opportunities. Position management is your greatest safety net!
Six must-dos: Every move is lethal, guaranteed profit
1️⃣ Consolidation = Night before a breakout
High position consolidation might be a trap set by the dealers; be careful of sudden crashes during low position consolidation. Don’t act rashly before confirming the direction!
2️⃣ Consolidation = Liquidation trap
80% of liquidations occur during sideways trading periods—holding back is the biggest profit!
3️⃣ Buy on bearish candles, sell on bullish candles
A panic-driven large bearish candle is the time to grab free money; a euphoric large bullish candle is actually a danger signal!
4️⃣ The sharper the drop, the more violent the rebound
A sharp drop is not the end, but an opportunity! The more severe the drop, the more satisfying the rebound!
5️⃣ Pyramid averaging method
Increase your position by 10% for every 10% drop, gradually lowering your cost; the dealers won’t know how to deal with you!
6️⃣ Clear your position when a breakout occurs
A soaring consolidation? Withdraw your principal and keep the profits; a crashing consolidation? Cut losses and don’t hesitate!
Stop dreaming of getting rich overnight; stability, precision, and decisiveness are the true pathways to success.
The biggest fear in trading cryptocurrencies is 'smart people thinking they are clever'; often, the 'dumbest' methods are the most effective!
