Cryptocurrency Trading for two years earned 20 million, summarizing the following experiences!
Cryptocurrency Trading "stupid" method: seems simple, yet can eat away all profits. There is a seemingly clumsy yet effective method for Cryptocurrency Trading. However, to master it, you need to learn slowly and always remember three things not to do: Do not buy when the price is rising: Be greedy when others are fearful, and be fearful when others are greedy. Learn to buy during downturns and make it a habit. Never stick to a single order: Stay flexible and don't let yourself be bound by a single order. Never go all in: Going all in can make you very passive, while opportunities in this market are always emerging. The opportunity cost of going all in is too high. Now let's talk about the six mantras for short-term Cryptocurrency Trading: After the coin price consolidates at a high level, it usually reaches a new high; after consolidating at a low level, it usually reaches a new low again. Wait for the direction of the market to become clear before taking action. No Trading During Consolidation: This is the simplest point, but most people lose money in Cryptocurrency Trading because they can't do it. #Bitcoin When selecting K-line, buy on a daily line when a negative line closes, and sell when a positive line closes. The decline slows down, and the rebound is also slow; the decline accelerates, and the rebound is also fast. Build a position according to the pyramid buying method: This is the only unchanging rule in value investing. #Cryptocurrency Trading After a continuous rise or fall in a coin, it will inevitably enter a consolidation phase. At this time, there is no need to sell all at a high position, nor is there a need to buy all at a low position. Because after consolidation, there will inevitably be a change in trend, and strategies should be adjusted in a timely manner according to the direction of the change.
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Cryptocurrency Trading for two years earned 20 million, summarizing the following experiences!
Cryptocurrency Trading "stupid" method: seems simple, yet can eat away all profits.
There is a seemingly clumsy yet effective method for Cryptocurrency Trading. However, to master it, you need to learn slowly and always remember three things not to do:
Do not buy when the price is rising: Be greedy when others are fearful, and be fearful when others are greedy. Learn to buy during downturns and make it a habit.
Never stick to a single order: Stay flexible and don't let yourself be bound by a single order.
Never go all in: Going all in can make you very passive, while opportunities in this market are always emerging. The opportunity cost of going all in is too high.
Now let's talk about the six mantras for short-term Cryptocurrency Trading:
After the coin price consolidates at a high level, it usually reaches a new high; after consolidating at a low level, it usually reaches a new low again. Wait for the direction of the market to become clear before taking action.
No Trading During Consolidation: This is the simplest point, but most people lose money in Cryptocurrency Trading because they can't do it. #Bitcoin
When selecting K-line, buy on a daily line when a negative line closes, and sell when a positive line closes.
The decline slows down, and the rebound is also slow; the decline accelerates, and the rebound is also fast.
Build a position according to the pyramid buying method: This is the only unchanging rule in value investing. #Cryptocurrency Trading
After a continuous rise or fall in a coin, it will inevitably enter a consolidation phase. At this time, there is no need to sell all at a high position, nor is there a need to buy all at a low position. Because after consolidation, there will inevitably be a change in trend, and strategies should be adjusted in a timely manner according to the direction of the change.