Trading cryptocurrencies is all about stability. Here's a particularly 'foolish' yet reliable method to help you secure profits and firmly control risks. Remember the three major taboos: Never do these three things.
1️⃣ Don’t chase after prices: When others are panicking, we boldly enter the market; when others are frantically buying, we calmly observe. Learn to 'buy when prices drop, sell when prices rise.'
2️⃣ Don’t go all in: Don’t put all your funds on a single trade; diversifying risk is a fundamental practice in cryptocurrency trading.
3️⃣ Don't operate with a full position: A full position can leave you passive. There are plenty of market opportunities, so keep some capital aside to flexibly seize the next chance. Six small tips for short-term cryptocurrency trading.
1️⃣ Don't rush to buy at high prices, or sell at low prices: Wait a bit when prices are high, and don’t rush to sell when prices are low; wait until the trend is clear before taking action.
2️⃣ Don’t trade during sideways movement: The market is unclear during sideways movement, making it easy to be shaken out.
3️⃣ Look at the K-line chart: Try to buy during bearish trends and consider selling during bullish trends, acting in accordance with the trend.
4️⃣ The speed of a rebound reflects the strength of a decline: If the decline is slow, the rebound will also be weak; if the decline is fast, the rebound is often more vigorous.
5️⃣ Pyramid building method: Buy in batches, buying more as prices drop, steadily lowering costs.
6️⃣ Sideways movement after extreme ups and downs: After a significant rise or fall, the market usually consolidates sideways. At this time, don’t sell all at high points or buy all at low points; wait for a trend change before acting.#币圈 