The Dumbest Way to Make Money in the Crypto World

Even the big players are headache over it! This method is simple and brutal, but it can make your account balance soar.

There are three major taboos in trading cryptocurrencies, violating any of them could lead to heavy losses!

First, avoid chasing the rise and killing the fall. 90% of retail investors lose money because they blindly follow the trend when the price skyrockets, and end up getting trapped. Real experts enter the market when the crypto world is bleak; this is the right time to position themselves.

Second, avoid going all in on a single coin. Betting all your funds on one coin is no different from being a gambler, and the outcome is often tragic. Keep 30% cash on hand to have the capital to buy the dip when a crash happens.

Third, avoid full margin trading. The crypto world offers many opportunities; being fully invested is like having your hands and feet tied, making you miss out on opportunities. Good position management is the key to long-term success.

There are six key phrases for short-term trading, each is practical:

Consolidation Must Change: When the price is stagnant at a high level, the big players may set a "false breakout" trap; when it's grinding at a low level, a sharp drop may suddenly occur. If the direction of the change is unclear, don't act hastily. Stagnation is a trap: Data shows that 80% of liquidations occur during sideways trading; random operations due to impatience can lead to total loss. Buy on the way down, sell on the way up: Contrarian trading often works; when a large bearish candle appears, it may be a good buying opportunity. The Principle of Accelerated Drops: The sharper the price drop, the stronger the potential rebound. When encountering a waterfall-like crash, don't panic; there may be opportunities. Pyramid Building Strategy: Add 10% to your position every time the price drops by 10% in the bottom area, which can lower your average cost. Rule of Clearing Positions on Price Changes: For coins that surge and then consolidate, first withdraw your principal and let the profits run; for coins that plummet and then consolidate, don’t hesitate, quickly cut your losses.

Still the same saying, if you don't know what to do in a bull market, click on the avatar of Kuige, follow for bull market spot planning, contract passwords, and free sharing.

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