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How much pressure can an ordinary man really bear: mortgage, car loan, children's tuition, parental retirement, social interactions, daily expenses.
Not earning much, spending a lot, and when something slightly goes wrong, money becomes tight.
Relying on crypto trading to support the family, these eight iron rules must be saved quickly!
Eight years of practical experience in the crypto world from loss to profit, condensed into these eight iron rules, help me avoid all crashes, always land safely!
Sharing today with those who understand, to help you avoid detours and lose less than a million!
1. Don't just look at the daily K when entering short-term trades: When doing short-term trading, you can't just watch the daily K-line of crypto; you also need to look at the 30-minute K-line, and the overall market must be stabilizing and resonating at this time before entering.
It's like sometimes seeing a K-line with a long upper shadow, thinking there's no opportunity, but the next day there's a big rally or even a limit-up. At this point, looking at the 30-minute K-line can reveal clues.
2. Don't blindly follow when trend and order are wrong: When the trend and order are off, even a quick glance can lead to mistakes. Follow the trend, and ensure the upward order isn't disrupted.
3. Don't trade short-term if it's not a hot spot: If short-term trading isn't in a hot spot or potential hot spot sector, it's better not to trade.
4. Abandon impulsiveness, trade with a plan: Give up the idea of impulsive entries, and do "trade your plan, plan your trade."
5. Others' opinions are just references; independent analysis is most important: Anyone's views or opinions are just references; you need your own in-depth thinking and careful analysis.
6. Set the direction first, then choose coins: First lock in the big direction, then select specific coins. If the direction is right, you'll achieve twice the result with half the effort; if wrong, you'll waste twice the effort.
7. Enter coins during the upward trend: Guessing the bottom is a big taboo, always fantasizing about an immediate rebound or ultimate shakeout. Stock prices often move toward minor resistance levels; entering coins during the upward trend means choosing the direction with less resistance.
8. After big gains or big losses, review with an empty position: After making a big profit or loss, first clear your position, then review the market and yourself. Clarify the reasons before acting again. Years of experience show that doing this has over a 90% success rate.