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If you intend to make a living from Cryptocurrency Speculation, these eight principles are worth pondering repeatedly!
#BTC#
I have been in the crypto world for 10 years, and these eight iron rules are a must-read before getting on board every day, allowing me to escape unscathed in round after round of big dump. Today I share with my destined fren, hoping to inspire.
1. When getting on board, don't just look at the Cryptocurrency TradingCandlestick, especially when doing short-term trading, you also need to look at the 30-minute Candlestick. At the same time, the overall market needs to stabilize and resonate at this moment before you can get started. For example, sometimes when you see a Candlestick with a long Upper Shadow, you may feel that there is no opportunity, but the next day it may show a strong upward trend or even hit the limit up. In fact, if you look at the 30-minute Candlestick, you will see the mystery.
2. Trends and order are not right, take another look and you will make a mistake. You should follow the trend, and at the same time, the order of pump should not be disrupted.
3, short-term is not in the hot spot or potential hot spot, it is better not to do.
4. Give up all impulsive behaviors and get on board. Trade your plan and plan your trade.
5. Any person's views or opinions are only for reference. You should think carefully and analyze it seriously.
6. First lock in the direction and then select a coin. If the direction is right, you will achieve twice the result with half the effort; if the direction is wrong, you will achieve half the result with twice the effort.
7. Intervene in the coin that is pumping. It is a big taboo to try to guess the bottom, always feeling that a Rebound is coming soon, and then there will be a final shakeout. The stock price always moves towards the direction of the small resistance level, intervening in the coin that is pumping is choosing the direction of the smaller resistance.
8. After making big profits or losses, it's important to clear your positions, re-evaluate the market data and yourself. Understand the reasons for the big profits or losses, and then take action without delay.
After so many years of Cryptocurrency Speculation career, I found that after making big profits and losses, leaving the position, the probability of being right is more than 90%.