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If you intend to make a living from Cryptocurrency Speculation, these eight iron rules are worth pondering repeatedly!
I have been in the crypto world for 8 years. These eight iron rules are a must-read before getting on board every day, allowing me to escape unscathed from one big dump after another. Today I share them with my fellow frens who are destined to see them, hoping to inspire.
1. When getting on board, don't just rely on the Cryptocurrency Speculation Candlestick chart, especially for short-term trading, you also need to look at the 30-minute Candlestick chart. At the same time, the overall market needs to stabilize and resonate before you can enter. For example, sometimes you may see a Candlestick with a long upper wick and feel that there is no opportunity, but the next day it may show a big bullish trend or even hit the limit up. In fact, if you look at the 30-minute Candlestick chart, you will see the mystery behind it.
2. The trend and order are not right. A second look is a mistake. You should follow the trend, and at the same time, the order of pump cannot be disrupted.
3. If short-term is not in the hotspot or potential hotspot, it is better not to do it.
4. Give up all impulsive [入场]. Trade your plan, plan your trade.
5. Anyone's views or opinions are only for reference, and one should have their own careful consideration and analysis.
6. First lock in the direction and then select a coin. If the direction is right, half the effort yields double the result; if the direction is wrong, double the effort yields half the result.
7. Intervene in coins that are currently pumping. Guessing the bottom is a big taboo, always feeling that it will rebound soon, and then there will be an ultimate shock position. The stock price always moves in the direction of the small resistance level. Intervening in coins that are currently pumping is choosing the direction with smaller resistance.
8. After making big profits or big losses, empty your positions and re-examine market data and yourself. Clearly understand the reasons for making big profits or big losses before taking further action.
After so many years of Cryptocurrency Speculation, I found that after making big profits and losses, emptying the position, the probability of being correct is over 90%.