To trade coins successfully, there are three things you should never do even if you die.
When trading coins, don't rush to buy when the price is rising. You have to learn to think in reverse. When others are afraid, you have to be brave and look for buying opportunities; on the other hand, when others are too excited, you have to be cautious and consider whether it's time to withdraw. Don't put all your money on one coin when trading cryptocurrencies. It's too risky, and if something goes wrong, you could lose everything. Diversify your investments and be aware of opportunities from different directions. That's the key to making money steadily. Don't operate with a full position when trading cryptocurrencies, keep some spare cash on hand. There are plenty of opportunities in the market. If you are fully invested, you won't be able to seize good opportunities or adjust your strategy, which would be a great loss! Keeping some cash on hand allows for flexibility and lower opportunity cost. When it comes to speculating on coins, stability is key. Don't expect to make a lot of money all at once. Take it slow, learn this clumsy method, and you'll be able to survive in the market for a long time and make money. Next, let's delve into the wisdom of short-term trading mantras. Mnemonic one, consolidation at high levels, may give birth to new highs; lingering at low levels, may foreshadow new lows. Watch the changes quietly, wait for the direction to become clear, and then act without delay, this is the way of prudence. Mantra two, stay still like stagnant water. Most people are defeated because they cannot endure loneliness, only by sticking to this tranquility, can one achieve greatness. Mnemonic three, K-line cloudy and sunny, the opportunity to buy and sell. If the daily line closes with a bearish candle, it may be a good time to buy; if the daily line closes with a bullish candle, it is necessary to consider reducing holdings, which is a way to follow the market rhythm. The fourth principle: a slow decline leads to a slow rebound; a sharp decline indicates a promising rebound. The market has its own rules of volatility, only by understanding this can one seize the opportunity. The fifth maxim, the pyramid-style establishment of positions, is the true essence of value investment. Adding positions layer by layer, steadily increasing holdings, exchanging time for space, and patiently waiting for the flowers to bloom. Rule six, after the rise and fall, there must be a flat market. At this time, there is no need to sell everything because of the high position, nor to overweight because of the low position. Because after the flat market, a turnaround will come. If it turns from a high position to a fall, stop loss should be implemented in time to preserve strength and wait for another battle in the future. On this investment road full of unknowns and challenges, may we all become the calmest observers, the bravest pioneers, sailing with wisdom and patience towards the shores of wealth.#SOL #TRX #DOGE
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
To trade coins successfully, there are three things you should never do even if you die.
When trading coins, don't rush to buy when the price is rising. You have to learn to think in reverse. When others are afraid, you have to be brave and look for buying opportunities; on the other hand, when others are too excited, you have to be cautious and consider whether it's time to withdraw.
Don't put all your money on one coin when trading cryptocurrencies. It's too risky, and if something goes wrong, you could lose everything. Diversify your investments and be aware of opportunities from different directions. That's the key to making money steadily.
Don't operate with a full position when trading cryptocurrencies, keep some spare cash on hand. There are plenty of opportunities in the market. If you are fully invested, you won't be able to seize good opportunities or adjust your strategy, which would be a great loss! Keeping some cash on hand allows for flexibility and lower opportunity cost.
When it comes to speculating on coins, stability is key. Don't expect to make a lot of money all at once. Take it slow, learn this clumsy method, and you'll be able to survive in the market for a long time and make money.
Next, let's delve into the wisdom of short-term trading mantras.
Mnemonic one, consolidation at high levels, may give birth to new highs; lingering at low levels, may foreshadow new lows. Watch the changes quietly, wait for the direction to become clear, and then act without delay, this is the way of prudence.
Mantra two, stay still like stagnant water. Most people are defeated because they cannot endure loneliness, only by sticking to this tranquility, can one achieve greatness.
Mnemonic three, K-line cloudy and sunny, the opportunity to buy and sell. If the daily line closes with a bearish candle, it may be a good time to buy; if the daily line closes with a bullish candle, it is necessary to consider reducing holdings, which is a way to follow the market rhythm.
The fourth principle: a slow decline leads to a slow rebound; a sharp decline indicates a promising rebound. The market has its own rules of volatility, only by understanding this can one seize the opportunity.
The fifth maxim, the pyramid-style establishment of positions, is the true essence of value investment. Adding positions layer by layer, steadily increasing holdings, exchanging time for space, and patiently waiting for the flowers to bloom.
Rule six, after the rise and fall, there must be a flat market. At this time, there is no need to sell everything because of the high position, nor to overweight because of the low position. Because after the flat market, a turnaround will come. If it turns from a high position to a fall, stop loss should be implemented in time to preserve strength and wait for another battle in the future.
On this investment road full of unknowns and challenges, may we all become the calmest observers, the bravest pioneers, sailing with wisdom and patience towards the shores of wealth.#SOL #TRX #DOGE