Simple Crypto-Trading Rules: 3 Things Not to Do and 6 Must-Follow Rules
The secret to striking it rich lies in simple, tried-and-true methods.
Three mistakes can keep you poor for three years: Chasing rallies and selling dips leaves you trapped at the top; the tough buy when blood is in the streets. Going all in on a single coin? Always keep 30% in cash—you’ll be glad you did when prices fall. Trading with your entire bankroll is like tying your hands; managing your position size is what keeps you in the game.
Six must-follow rules:
Consolidation eventually breaks: beware false breakouts near the top, and explosive moves near the bottom.
A sideways market is a death trap; itchy trigger fingers get you killed.
Buy bearish candles, sell bullish ones; a big bearish candle can be a bargain.
Slow declines bring gentle rebounds; sharp drops bring fierce rebounds.
Build your position like a pyramid: add 10% with each drop to lower your average cost.
When the market turns, close your positions. Take profits on surging coins, and cut losses quickly on coins that fall below your cost basis.
Market makers don’t fear the clever; they fear those who are disciplined and patient. Master these rules, and your account will be steadier than most.
The secret to striking it rich lies in simple, tried-and-true methods.
Three mistakes can keep you poor for three years: Chasing rallies and selling dips leaves you trapped at the top; the tough buy when blood is in the streets. Going all in on a single coin? Always keep 30% in cash—you’ll be glad you did when prices fall. Trading with your entire bankroll is like tying your hands; managing your position size is what keeps you in the game.
Six must-follow rules:
Consolidation eventually breaks: beware false breakouts near the top, and explosive moves near the bottom.
A sideways market is a death trap; itchy trigger fingers get you killed.
Buy bearish candles, sell bullish ones; a big bearish candle can be a bargain.
Slow declines bring gentle rebounds; sharp drops bring fierce rebounds.
Build your position like a pyramid: add 10% with each drop to lower your average cost.
When the market turns, close your positions. Take profits on surging coins, and cut losses quickly on coins that fall below your cost basis.
Market makers don’t fear the clever; they fear those who are disciplined and patient. Master these rules, and your account will be steadier than most.
