In cryptocurrency trading, there is a seemingly simple strategy that can gradually accumulate all profits, requiring patience to learn. First, we should avoid three things.
1. Avoid buying when prices are rising#
Be greedy when the market is fearful, and be fearful when the market is greedy; develop the habit of buying during declines.
2. Do not hold losing positions#
3. Avoid using all your capital#
Being fully invested makes you very passive; the market has abundant opportunities, and the opportunity cost of being fully invested is extremely high.
Six mantras for short-term trading#
1. After a high price consolidation, new highs usually occur; after a low price consolidation, new lows often occur; wait for the market direction to become clear before acting.#
2. Do not trade during sideways movement#
Most people's losses stem from this simple principle.
3. When selecting candlesticks, buy on bearish days and sell on bullish days.#
4. A slowing decline leads to a slow rebound; an accelerating decline leads to a fast rebound.#
5. Use a pyramid-style position-building method; this is an unchanging truth of value investing.#
6. After a cryptocurrency continuously rises or falls, it will inevitably enter a sideways state; there is no need to sell all at high prices or buy all at low prices; after consolidation, a change will occur; if it changes downward from a high position, clear your positions in time.#
🔥 Solutions to access issues with the OKX exchange in China#
Some exchanges' main domains may be blocked or servers overseas may cause slow access, leading ordinary users to feel confused, thinking it is a platform issue, when it is actually due to the network environment. Exchanges like OKX regularly update backup domains to ensure user access.
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- OKX backup domain Overseas OKX - Need to use a VPN or Alternative link
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- Binance backup domain Binance
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- Bitget backup domain Bitget
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- Bybit backup domain Bybit/Bybitglobal
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- Huobi HTX backup domain Huobi (Huobi/HTX)
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- Gate backup domain Gate.io (Gate)
🔥 Related reading#
🔥 Useful tools for finding gold in alpha#
1️⃣ Axiom trading tool https://axiom.trade
2️⃣ Gmgn trading tool https://gmgn.ai
3️⃣ dbot trading tool https://app.debot.ai
4️⃣ Morelogin multi-account fingerprint browser www.morelogin.com
Everyone is searching for#
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