There is a seemingly simple method for trading cryptocurrencies, but this method requires patience and learning to gradually accumulate profits. First, never do three things when trading cryptocurrencies.
1. Never buy when prices are rising#
Be greedy when others are fearful, and be fearful when others are greedy; develop the habit of buying during downturns.
2. Never place large orders#
3. Never go all in#
Being all in is very passive; the market is full of opportunities, and the opportunity cost of being all in is very high.
Six rules for short-term cryptocurrency trading#
1. After a price consolidation at a high level, there is usually a new high; after a consolidation at a low level, there is usually a new low. Therefore, wait for the direction of the market to become clear before acting.#
2. Do not trade during sideways movement#
Most people lose money trading cryptocurrencies because they cannot do this.
3. When choosing candlesticks, buy on a bearish daily close and sell on a bullish daily close#
4. When the decline slows down, the rebound is also slow; when the decline accelerates, the rebound occurs#
5. Build positions using the pyramid buying method; this is an unchanging truth of value investing#
6. When a cryptocurrency continues to rise or fall, it will inevitably enter a consolidation phase. At this time, there is no need to sell all at a high position or buy all at a low position, as a change will occur after consolidation. If it changes downward from a high position, clear your position in time; conversely, push forward in time.#
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🔥 Related readings#
2025 Top 10 Virtual Currency Trading Platforms in China 🔥【Must-have for collection】
【Real Wealth Stories in the Crypto World】 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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