How to be a cryptocurrency idiot
Tip 1: Don't sell if it doesn't go up, don't buy if it doesn't go down, don't trade if it goes sideways. Buy Yin instead of Yang, sell Yang instead of Yin, go against the market, and you will be a hero. If it goes sideways at a high level and then goes up again, seize the opportunity to sell quickly, if it goes sideways at a low level and then reaches a new low, it is a good time to buy in with all positions. I hope it is useful to everyone [Hey ha]
Tip 2: Buy when the market drops sharply in the morning, and sell when the market rises sharply in the morning. Don’t chase when the market rises sharply in the afternoon, buy the next day when the market drops sharply in the afternoon, don’t sell when the market drops sharply in the morning, and go to sleep when the market does not rise or fall.
Four shortcuts to bankruptcy:
1. Buy high and sell low;
2. Futures leverage;
3. Financing and currency lending;
4. Short-term amazing operations.
Four avenues to the pinnacle of life:
1. Work hard;
2. Invest spare money;
3. Buy at the bottom and hold long term;
4. Eat and sleep on time. ——This is the survival rule in the currency world, and only the best masters can ignore it. (Ten days in the currency world, ten years in the world, the level of cruelty is rare in ancient and modern times, remember the survival rule to ensure your survival)
Earn money when the price goes up, earn coins when the price goes down. If you don't sell, you won't lose money.
Never go all in.
Never go all in.
Never go all in.
Never go all in.
Never go all in.
Never go fully invested.
Advice 1: Don’t be easily cheated of low-priced chips, be firm in your faith, and prevent the dealer from knocking the market down;
Advice 2: It is always a taboo to chase the rise and sell the fall, and to enter and exit with full position. The general trend is favorable. It is lower risk, lower cost and greater profit to open positions in batches when the market falls than to chase the rise.
Advice 3: Allocate profits reasonably and maximize the release of funds instead of continuously adding positions;
Advice 4: Sell your money when the price rises sharply, and keep your money when the price drops sharply. You should always have a positive attitude, do not speculate, do not be impetuous, do not be greedy, do not be afraid, and do not fight an unprepared battle.
Advice 5: The ambush or private placement of low-priced coins in the front is to rely on experience and bet with the dealer on the future of the coin. The secondary market game later is a process of following the dealer based on technical aspects and news. Don't put the cart before the horse, which will end up in a mess.
Advice 6: When building a position or shipping a product, you must do it in layers and segments, gradually increase the price gap, and effectively control the ratio of risk and profit.
Advice 7: Be familiar with the linkage effect, buy coins to see the market, and pay attention to the movements of other coins. Each coin is not isolated in the market. They seem to have no connection, but in fact they are intricately connected. To understand the linkage effect, you need to understand the coins and make full use of the consulting tool APP;
Advice 8: Reasonable allocation of positions, hot coins and value coins should be reasonably configured, and attention should be paid to the pressure resistance and the ratio of profit intake. Being too conservative will miss opportunities, and being too aggressive may face high risks! The biggest feature of value coins is stability, and the biggest feature of hot coins is extreme volatility. It may rise to the sky or fall to zero in one battle.
Advice 9: Having coins on the market, money in your account, and cash in your pocket is the safest and most secure standard. Don’t go all in, or you will fail. The grasp of risk control and the reasonable allocation of funds are the key to your mentality and success or failure. Investing with spare money is the foundation.
Advice 10: Master the basic operations, learn to draw inferences from one example, master the basic ideas of trading, observation is the prerequisite, remember each high and low point as reference data, learn to record, learn to summarize materials by yourself, develop a reading habit, and cultivate the ability to screen and filter information.
experience:
First rule: Don’t worry about the length of time you hold the stock, but pay attention to whether the market has reached its peak.
Second: When the price of a currency rises, if you only want to pursue higher profits and are reluctant to sell your currency at a high price, your greed often results in missing out on good opportunities;
Rule 3: Know when to quit and keep the results. This requires tact and patience.
Rule 4: Sell when everyone on the street is talking about making a lot of money;
Article 5: Any greedy investor will regret not buying at a low price when seeing a sharp rise in prices, and the main speculators take advantage of the retail investors' itchy psychology when seeing the rise in prices to raise shipments.