Today I will share with my crypto friends the trading strategies and insights that have helped me transform from a novice to a stable monthly income of seven figures. Sometimes, when there is enough accumulation, enlightenment can happen in an instant. I hope you can carefully read and save this!
The most foolish way to make money in trading: Three don'ts and six musts, the market makers fear you learning this!
The secret to getting rich in the crypto world often lies in the most 'foolish' methods. Today's method is simple and brutal, yet it can truly cause your account to skyrocket, even making market makers feel uneasy!
🚫 Three major taboos, breaking one could keep you poor for three years!
1. Chasing highs and selling lows
Most people rush in when the coin price skyrockets, ending up buried at the peak. True tough individuals only make their move when the market is 'flowing with blood.' When you don't even want to open the app, that's often the best entry point.
2. All in on a single coin
Betting everything on one coin to get rich overnight? Wrong! Always keep 30% cash on hand, so you have bullets to buy the dip when the real crash happens.
3. Full position all in
There are too many opportunities in the crypto world; money is a scarce resource. Don't be a 'trapped hunter'; flexible positions give you room to maneuver.
⚡ Six short-term mantras, each one is crucial!
1. Consolidation must lead to a breakout
High-level sideways trading can easily lead to 'false breakouts,' while low-level sideways trading often indicates an impending crash. Before confirming the direction, it's better to miss out than to act recklessly.
2. Sideways trading = death trap
80% of liquidations happen during sideways trading! The market may not move, but your mind is in chaos, resulting in losing your position.
3. Buy on bearish candles, sell on bullish candles
Panic selling on a big bearish candle is an opportunity, going against human nature is the path of a master.
4. The sharper the drop, the stronger the rebound
Slow and steady declines yield no profits; what can really make you big money is a rapid rebound after a sharp decline.
5. Pyramid scaling
Every 10% drop in the bottom area, increase your position by 10%, gradually buying the dip to lower your cost basis, making it hard for market makers to lift their heads.
6. Clear positions without hesitation
After a surge, if the market goes sideways? Take out your principal first, let profits fly free. After a crash, if the market goes sideways? Don’t dream of a rebound, decisively cut losses.
The truly profitable methods are never flashy or complicated. Remove the three words 'greed, gamble, impulse' from your vocabulary, focus on the rules and take steady steps; this is the starting point to your freedom in the crypto world. The most foolish methods are the most effective. Have you learned it?
