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A super stable Cryptocurrency Trading silly method that guarantees you to make a profit without losing in Cryptocurrency Trading. There is a particularly silly but reliable method that can help you grasp all the profits, but you have to think it over slowly. When trading coins, there are three things you must never do.
The first thing is not to buy when the price is rising. You need to learn to buy boldly when others are scared to death, and take it easy when others are frantically grabbing. Develop the habit of buying during a downturn.
The second thing is, don't put all your money on one bet.
The third thing is, don't operate with a full position. When you're fully invested, you become passive. There are plenty of opportunities in this market, and having a full position increases the opportunity cost.
Let's talk about a few tips for short-term Cryptocurrency Trading:
First, don't rush to buy when the price is high; it may go up a bit more. Also, don't rush to sell when the price is low; it may drop a bit more. Wait until the direction is clear before taking action.
Second, don't trade during sideways markets; if you can't do this, many people will lose money in Cryptocurrency Trading.
Thirdly, look at the candlestick chart. When there's a bearish candle, we try to buy in; when there's a bullish candle, we consider selling out.
Fourth, if the price drops slowly, the rebound is also slow; if the drop is fast, the rebound comes with momentum.
Fifth, building positions should follow the pyramid method, which is an old rule of value investing.
The sixth point is that if a coin rises sharply or falls drastically, it will definitely move sideways for a while afterward. At this point, don’t sell everything at a high, and don’t buy everything at a low. After the sideways movement, there will be a trend change; if it starts to fall from the high, then it's time to quickly clear out your position.