$AIO wants to earn steadily in the long run, luck is unreliable.
It all depends on a few practical rules; the methods are not advanced, yet few can actually implement them!
The first rule, and the most important one, is to not follow your emotions. When prices are soaring,
when everyone is rushing, don’t follow; when prices are plummeting, and everyone is afraid, you should calmly look for opportunities.
It’s easy to say this, but very hard to do; I’ve stumbled myself —
I got trapped when chasing highs, and lost money when prices corrected; these are lessons!
The second rule is to never invest all your money at once. Being fully invested is like betting your entire fortune; once your mindset is disturbed, your actions become distorted.
The market is never short of opportunities; if you have no cash on hand, when an opportunity arises, you can only watch helplessly.
In terms of specific operations, I have summarized a few experiences, all tested in practice:
If the direction is unclear, don’t make a move. When prices are consolidating at high levels, they might occasionally spike to a new high;
when they are consolidating at low levels, they may continue to break lower. Don’t guess; wait for the market to show the direction itself.
Try to trade less during consolidation. Most people lose money because they frequently enter and exit during such times;
transaction fees eat up the profits, and the rhythm gets disrupted — buying on a big drop and selling on a big rise.
For example, if a daily line closes with a large bearish candle, consider buying in batches; conversely, during a bullish candle,
sell a little bit. This rhythm is very practical.
Pay attention to the speed of the decline. If the decline slows down, rebounds generally lack strength;
but if there’s a sudden acceleration in the drop, the rebound might be quite strong. This change can help you judge the timing.
Building positions is like stacking blocks, starting from the bottom. The more it falls, the more you can buy gradually;
this way, you can average out the cost and not fear a temporary drop. If it rises a lot, it will consolidate; if it falls a lot, it will also consolidate.
Don’t sell your entire position during consolidation, and don’t go all in on the bottom.
The key is to see which direction it breaks out after consolidation, and then adjust accordingly.
Trading cryptocurrencies ultimately boils down to battling yourself. These methods sound simple, but to truly execute them requires strong discipline.
I don’t pursue getting rich overnight; I just want to stabilize and earn slowly.
