There is a seemingly simple method in cryptocurrency trading, but this method can consume most of the profits and requires gradual learning. First, when trading cryptocurrencies, we should always avoid three things.
1. Never buy during a price increase#
Be greedy when others are fearful, and be fearful when others are greedy. Learn to buy during a decline and make it a habit.
2. Never place large orders#
3. Never go all in#
Going all in makes operations very passive. The market has abundant opportunities, and the opportunity cost of going all in is extremely high.
Six Rules for Short-term Cryptocurrency Trading#
1. After the price consolidates at a high level, there is usually a new high.#
When the price consolidates at a low level, it may reach a new low, so wait for a clear direction before acting.
2. Do not trade during sideways movement#
Most people lose money in cryptocurrency trading because they cannot adhere to this basic principle.
3. When choosing candlesticks, buy when the daily line closes in the red, and sell when it closes in the green.#
In candlestick selection, buy when the daily line closes in the red and sell when it closes in the green.
4. Declines slow down, rebounds are also slow, and declines accelerate rebounds.#
When the downtrend slows, rebounds will be gentle; when the decline accelerates, rebounds may be more intense.
5. Build positions using the pyramid buying method; this is the only unchanging principle of value investing.#
Using the pyramid method for building positions is an unchanging truth in value investing.
6. When a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, there is no need to sell everything at a high point, nor is it necessary to buy everything at a low point. Because after consolidation, a change in trend is inevitable. If the trend changes downwards from a high point, it is necessary to clear positions in a timely manner; in any case, it is essential to act promptly.#
When a cryptocurrency continues to rise or fall, it usually enters a sideways state. At this time, there is no need to sell everything at a high point, nor should one buy everything at a low point, as a change in trend is inevitable after consolidation. If the trend changes downwards from a high point, positions should be cleared in a timely manner; conversely, one should follow up promptly.
🔥🔥🔥 Useful Tools for Finding Alpha#
1️⃣ Axiom Dog Tool https://axiom.trade
2️⃣ Gmgn Dog Tool https://gmgn.ai
3️⃣ dbot Dog Tool https://app.debot.ai
4️⃣ Morelogin Multi-account Fingerprint Browser www.morelogin.com
Related Reading#
The Latest Ranking of China's Top 10 Virtual Currency Trading Platforms in 2025 is Out 🔥【Worth Collecting】
【Real Stories of Wealth in the Cryptocurrency World】Many people ask me, after years of trading cryptocurrencies, how did I go from 0 to 11 million and then to a debt of 100,000?
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