After years of cryptocurrency trading, I've come to a conclusion: the market may seem ever-changing, but at its core, it's all about the same few strategies. Don't try to predict the market; the key is to follow the trend. The following seven tips, earned with my own money (a guide to avoiding pitfalls), can save countless people from making mistakes. First, if you don't understand the market, don't move. The cryptocurrency world isn't about diligence, it's about patience. Better to miss than to try blindly. Second, be quick to capitalize on hot spots. A sudden surge is like a firework—beautiful but short-lived. Run when you make a profit; don't dwell on the market's potential. Third, don't be impulsive when seeing a large bullish candlestick. It's likely the market maker is selling, and if you jump in, you'll immediately be the one to take the pound. Fourth, moving averages are your true friends. Buy when they form a golden cross, sell when they form a dead cross. Don't rely on your feelings, trust the data. Fifth, follow the trend. Don't buy at the bottom, and don't try to guess at the top. Let the trend lead you, not you. Sixth, position management is life. Never go all-in; building positions in batches is the truest way to manage risk. Seventh, and most importantly: Don't be greedy. Earn a little and leave. You're not here to prove your talent; you're here to make money. In the cryptocurrency world, only those who survive deserve to talk about profits. Remember, staying alive is the greatest victory.
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection
like
share