Don't think trading cryptocurrencies is easy; it’s only when you get involved that you realize there are pitfalls everywhere!
If you want to make steady profits in the long term, you can't rely on luck,
it's all based on a few practical rules. The methods aren't advanced, yet few can actually execute them!
The first rule, and the most important, is to not follow your emotions. When prices are surging,
while others are rushing in, you should stay put; when prices are plummeting, while others are panicking, you should calmly look for opportunities.
It’s easy to say, but hard to do; I’ve fallen into traps myself—
I chased high prices and got stuck, and when there was a pullback, I cut losses; these are all lessons!
The second rule is to never invest all your money at once. Going all-in is like gambling your whole fortune; when your mindset is disrupted, your actions become distorted.
Opportunities in the market are plentiful; if you don’t have cash on hand, when opportunities arise, you can only watch.
In terms of specific operations, I’ve summarized a few experiences, all tested in practice:
If the direction is unclear, don’t make a move. When prices are consolidating at high levels, sometimes they’ll spike to new highs;
when prices are flat at low levels, they might continue to break lower. Don’t guess; wait for the market to establish a direction before acting.
During consolidation, try to trade less. Most people lose money because they frequently enter and exit during these times,
getting wiped out by transaction fees and losing their rhythm, buying on a big drop and selling on a big rise.
For example, if a daily candle closes with a large bearish line, consider buying in batches; conversely, during a large bullish candle,
consider selling a little. This rhythm is very practical.
Pay attention to the speed of the decline. If it slows down, the rebound usually lacks strength;
but if it suddenly accelerates downwards, the rebound might also be quite strong. This change can help you judge the timing.
Building a position is like stacking blocks, starting from the bottom. The more it drops, the more you can gradually buy,
this way the cost can be averaged out; don’t fear temporary drops. After rising a lot, it will consolidate, and after dropping a lot, it will also consolidate.
Don’t sell your entire position during consolidation, and don’t buy the bottom with your entire position.
The key is to see which direction it breaks out after consolidation, and then adjust accordingly.
Trading cryptocurrencies ultimately comes down to battling with yourself. These methods sound simple, but executing them requires strong discipline.
I don’t pursue instant wealth; as long as I can stabilize and earn slowly, that’s enough.
Sister Juan only does real trading, not making empty promises. There are still spots available in the team; if you want to learn the methods and turn your situation around, join us and let’s get to work!
#US House of Representatives terminates Trump’s tariffs on Canada