Many people study various indicators and mysterious strategies every day, but they still get beaten by the big players. Those who can survive often rely not on flashy tricks but on a few 'dead rules'.
I have always told my brothers that the secret to getting rich in the cryptocurrency world lies in the simplest methods. How simple? Simple enough that even the big players are afraid you'll learn it.
First, let me mention three taboos. Break one, and it will cost you three years:
First, never chase the market. When the price of a coin skyrockets, the newbies are the most excited, and they are just giving money to the big players. The real tough ones are the ones who quietly pick up chips when others are panicking and closing their apps.
Second, don't go all in with a single currency. Keep some cash on hand for confidence; when it drops to the core of the earth, you'll know what it feels like to 'buy the dip while others panic.'
Third, don't be fully invested. Opportunities are far more plentiful than money; if you shoot all your bullets at once, you'll be left staring blankly. Experts survive to the end through position management.
Let's talk about six 'kill shots'; these are the tactics that can double your account:
A sideways market must change; don't reach out randomly, especially during fake breakouts at high positions; going in is just giving away money.
A big bearish candle is a gift; when others panic, you should smile, because contrarian thinking is what truly matters.
The sharper the drop, the stronger the rebound; next time you see a waterfall, don't be afraid; get ready with a bag.
Building a pyramid for positions is the real foundational logic; add ten percent every time it drops by 10%, and the cost will make the speculators question their lives.
A sideways market after a surge is a trap to catch people; don't be greedy, withdraw your principal and let profits fly; don't fantasize during a sideways market after a crash; decisively cut losses, faster than Bruce Lee's punch.
Finally, remember, a sideways market is a killing zone; 80% of liquidations happen here. Feel like making a move? Resisting is the strongest move.
Sounds stupid, right? But it's precisely because it's stupid that it's simple; and because it's simple, it's deadly.
Those who can truly turn things around are never the gamblers making dozens of trades every day, but those who are willing to adhere to these few dead rules.
