There is a seemingly simple method in cryptocurrency trading, but this method may consume most of the profits and requires gradual learning. First, when trading cryptocurrencies, we should always avoid three things.
1. Never buy during an uptrend#
Be greedy when others are fearful, and be fearful when others are greedy. Learn to buy during a downtrend 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 will usually be a new high.#
When the price consolidates at a low level, it may create a new low, so wait for a clear change in 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. Downtrends slow down, rebounds are also slow, and downtrends accelerate rebounds.#
When the downtrend slows, the rebound will also be mild; when the downtrend accelerates, the rebound may be more intense.
5. Build positions using the pyramid buying method, which 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, there will inevitably be a change. If it changes downward 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 there will inevitably be a change after consolidation. If it changes downward from a high point, positions should be cleared in a timely manner; conversely, one should follow up promptly.
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Related Reading#
The Latest Ranking of China's Top 10 Virtual Currency Trading Platforms in 2025 is Out 🔥【Worth Collecting】
【Real Stories of Getting Rich in the Crypto 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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