Brothers! Friends! Today I’m sharing some 'clumsy' truths about the crypto world from the bottom of my heart. They sound simple, but if you can really do them, even the market makers would have to give you a wide berth. Why? Because you’re so steady that they have no way to take advantage of you!
The most ruthless tricks in the crypto world are often hidden in those seemingly foolish, most needed patient methods!
I’ve seen too many people enter the crypto world as if they’ve been injected with adrenaline. What happens? They don’t make money, only working for exchanges and market makers. I’ve also stepped into pits, paid tuition fees, and today I summarize these three don'ts and six must-dos, all learned from painful lessons!
First, let's talk about the 'three don'ts' - touch one, and your wallet will be flat for three years!
1. Never chase after rising prices or panic sell! This is the classic way for retail investors to die! Seeing the coin price shoot up, when FOMO kicks in, you can't help but think: Let's go! This time it's different! It will definitely reach the moon! What happens next? Bam! Buying at the peak, trapped badly, only able to breathe the cold wind at the top, watching it drop. Brothers, remember! The real tough ones are the ones who quietly open their wallets, looking for bargains when the crypto market is in chaos, and everyone is crying and cursing. When others are fearful, we have to learn to be greedy, of course, we need to pick good coins!
2. Absolutely do not go all in on one coin! What's the difference between this and betting all your possessions on a lucky number at the casino? I've seen too many gamblers; their glorious tales have almost become crypto toilet literature! Remember, my friend! Always keep some bullets in hand, at least leave 20-30%! Why? When the market crashes, and there's discounted gold everywhere, you'll have the confidence to say cheerfully: Wow, this drop is just right, I’m here to scoop some up! That feeling is better than drinking a cold cola on a hot summer day!
3. Never go all in! What's the most heartbreaking truth in the crypto world? Opportunities are always more numerous than your money! If you throw all your money in and go all in, it’s like tying your hands and feet. Suddenly, a once-in-a-lifetime opportunity pops up, or the coin you hold drops sharply, and you want to average down, but what happens? Your pockets are emptier than your face! You can only stare blankly and slap your thigh! Position management is the top expert's key to survival and continuous profit!
Let's talk about the 'six must-dos' - every move is practical, and mastering them turns you into a money-making machine!
1. After a prolonged consolidation, a reversal is inevitable! Is the coin price hovering at a high for too long? Don't rush! The market makers are likely holding back something bad, and they might pull a fake breakout to trick you into entering and then slam the door! Is it stuck at a low, barely moving? You need to be even more vigilant! A sharp drop often comes out of nowhere when everyone is most desperate and has given up! So, until the direction is clear, hold back! Your hands are worth more than gold! Moving recklessly is just giving away money!
2. Consolidation = Heavy liquidation zone! The data shows that most liquidations happen during consolidation! Why? Because people get fidgety! They find consolidation boring and always want to make some moves, long or short, to mess around. What happens? The market makers make a move, and both sides get wiped out! Those who can't resist messing around during consolidation are left with tall grass on their graves! I fell into a trap last year during a consolidating coin; it was a painful lesson!
3. Dare to buy during a big drop, and be willing to sell during a big rise! This tactic sounds counterintuitive, but it's truly effective! When the K-line shows a terrifyingly large bearish candle, and the market is in a wail, take a deep breath! Congratulations, an opportunity to make money might be here! Of course, the premise is that you are optimistic about this coin, not a junk coin. Conversely, when it’s rising and everyone is cheering, it’s time to consider taking profits in batches! Don’t always think about selling at the highest point; that's what deities do.
4. The crazier the drop, the fiercer the rebound! This law is quite magical! If the coin price drops slowly and steadily, then the rebound is usually weak. But if it encounters a waterfall-like plummet, with panic selling flooding the market, once it stabilizes, the rebound will be like a rocket, very powerful! Next time you see that kind of panic selling, don't just cry; prepare your bags, the opportunity might be right in front of you!
5. Buy more as it drops, but spend money in a pyramid-like manner! This is the secret of those old foxes on Wall Street! For example, if you are optimistic about a coin and think it has hit the bottom at a certain level, don't rush in! For every 10% drop, increase your position, but each time, invest less than the previous time. For instance, if you buy 1000 the first time it drops, then buy 800 on the next 10% drop, then 600... This way, your average cost can be brought very low, low enough to make the market makers shudder! When it rebounds, you will earn much more than others!
6. When reversal signals appear, be decisive in liquidating! If a coin skyrockets and then starts consolidating at a high, don't be greedy; first, withdraw your principal and let the profits grow inside! This is the safest way; no matter how you play, you won’t lose money. Conversely, if a coin plummets and then consolidates at a low, looking like it's about to stabilize? Don't be complacent! This often indicates a continuation of the downtrend, and a bigger drop could be on the way! When it's time to cut losses, act faster than Bruce Lee's punch! Hesitation leads to defeat!
How about it, brothers? These three don'ts and six must-dos sound simple, right? But the path to greatness is often simple! If you can really engrave these points in your mind, hold back, and practice good mindset, you've already won against half of the people in the crypto world! The market makers fear you, this 'clumsy' yet disciplined tough character! Want to know how to accurately judge reversal signals? How to identify market maker traps? Follow me, and in the next issue, I will continue to expose the market makers' tricks, teaching you some even tougher 'clumsy' tactics that will keep them awake at night! Surviving in crypto, follow Lao Zhao to avoid getting lost! #加密市场回调 $BTC $ETH
