The dumbest way to trade coins is often the most effective! 90% of people never stick it out until the end
In the crypto world, the dumbest methods are often the most effective. Many people want to get rich quickly, but those who go the farthest are usually those who stick to the most basic methods.
To be honest, I've seen too many people go bankrupt, exit, and leave in disgrace. They are not without talent, but they keep making these three fatal mistakes:
1. Chasing the market
When the coin rises, they get greedy, thinking "this wave can soar", only to crash as soon as they buy. When the panic selling happens, no one dares to buy. Only those who can make "buying on the dip" a habit are truly reaping the benefits of the cycle.
2. Over-leveraging
Thinking that being on the right side means profit, only to be shaken by the big players, resulting in a complete liquidation with just a few sharp moves.
3. Going all in
When emotions rise, they go all in. It's fine if they guess the trend correctly, but not being able to adjust their positions flexibly makes them miss real opportunities, leaving them helpless.
Ultimately, the cruelest part of the crypto world is: you are not losing to the market, but to your own habits.
Six principles for short-term trading
The simpler the principle, the easier it is to overlook. These six principles will help you stabilize your mindset and go further:
1. Don't act while in high consolidation, and don't assume low consolidation is the bottom
Don't make moves before a market shift; high consolidation usually means new highs are still coming, while low consolidation means new lows might still happen.
2. Don't make moves during consolidation
A fluctuating market is a test of patience; many people lose money during this process.
3. Buy on a bearish daily close, sell on a bullish close
Following the market sentiment is much better than just guessing.
4. Slow declines don’t bounce high
Fast declines often have a better chance for a quick rebound; catch the rhythm, and the opportunities will naturally come.
5. Build positions in a pyramid fashion
Enter in batches, always keep some bullets.
6. After big rises or falls, there must be consolidation
Consolidation will definitely lead to a market shift; don't go all-in at highs, and don't go all-in at lows. Wait for clear signals before making decisions.
Want to know more about crypto news? Want to understand the direction of the next wave of the market? Keep up with the rhythm of Gengjin-ling, flip the positions and reap the rewards!!!
