In the crypto world for many years, I have summarized a few trading insights to share with everyone, helping your trading journey to avoid pitfalls and achieve stable profits!
1. Don't hesitate to set stop-loss and take-profit. We trade coins to make money, not to be "long-term shareholders." When we make a profit, we always think about making a little more; when we incur a loss, we are reluctant to sell. This mindset will definitely lead to losses! As soon as the market turns against you, don’t hesitate, sell quickly.
2. Don't stumble on the "high and low" There are no absolute lows and highs in the market, only lower and higher. We ordinary people can't grasp it at all, there is no need to work hard, it is enough to buy in the "bottom area" and sell in the "top area".
3. Be cautious of mismatched volume and price. If you encounter a situation where the coin price rises without trading volume, or if it hits a new high but still lacks volume, you must be cautious! This is likely a signal that the main players cannot sell off their holdings, and the market may be about to break. Never chase; it’s better to miss out than to make a wrong purchase.
4. When the news comes, you need to react quickly. As soon as there is new information, first clarify which sector and which coins it benefits. If you missed the first wave, quickly keep an eye on the second tier, and you can still make a good profit.
5. Only by learning to rest can one earn. As the old saying goes, "three months to the bottom, three days to the peak", the "main rising wave" of the real sharp rise in the currency price is just a little time. Just seize this wave of opportunities, don't toss around the rest of the time, and rest in peace.
6. A plunge is a good opportunity The biggest benefit in the market is the crash; after the drop, there are only opportunities. Remember "When others are greedy, be fearful; when others are fearful, be greedy." Don't panic during a crash; quickly build your position with quality coins. $BTC
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In the crypto world for many years, I have summarized a few trading insights to share with everyone, helping your trading journey to avoid pitfalls and achieve stable profits!
1. Don't hesitate to set stop-loss and take-profit.
We trade coins to make money, not to be "long-term shareholders." When we make a profit, we always think about making a little more; when we incur a loss, we are reluctant to sell. This mindset will definitely lead to losses! As soon as the market turns against you, don’t hesitate, sell quickly.
2. Don't stumble on the "high and low"
There are no absolute lows and highs in the market, only lower and higher. We ordinary people can't grasp it at all, there is no need to work hard, it is enough to buy in the "bottom area" and sell in the "top area".
3. Be cautious of mismatched volume and price.
If you encounter a situation where the coin price rises without trading volume, or if it hits a new high but still lacks volume, you must be cautious! This is likely a signal that the main players cannot sell off their holdings, and the market may be about to break. Never chase; it’s better to miss out than to make a wrong purchase.
4. When the news comes, you need to react quickly.
As soon as there is new information, first clarify which sector and which coins it benefits. If you missed the first wave, quickly keep an eye on the second tier, and you can still make a good profit.
5. Only by learning to rest can one earn.
As the old saying goes, "three months to the bottom, three days to the peak", the "main rising wave" of the real sharp rise in the currency price is just a little time. Just seize this wave of opportunities, don't toss around the rest of the time, and rest in peace.
6. A plunge is a good opportunity
The biggest benefit in the market is the crash; after the drop, there are only opportunities. Remember "When others are greedy, be fearful; when others are fearful, be greedy." Don't panic during a crash; quickly build your position with quality coins.
$BTC