The eight iron rules learned by currency speculators, if you learn it, you will earn it!
The iron law of currency speculation:
First, for those currencies whose situation is complicated and you cannot see clearly, do not rush into it. It is the weakest thing to pick the persimmon, and the same is true for currency speculation.
Second, don’t buy the same coin all at once. Even if you are very optimistic about it and you are proven to be right later, don’t buy it all at once. Because disorders change rapidly, no one knows what will happen tomorrow.
Third, if you mistakenly buy a currency on a downward trajectory, you must sell it quickly to avoid further losses.
Fourth, if the currency you bought has not suffered any losses yet, but has entered a downward trajectory, you should quickly exit the wait-and-see situation.
Fifth, it is recommended to pay less attention to currencies that are not on an upward trajectory. No matter what happens in the future, don't accompany the main force to build a position. Retail investors don’t have time to spend with them
Sixth, don’t imagine that you can make money and always do short-term work, in and out every day. Frequent entry and exit may bring you pleasure, but it will make you lose a lot of money. The only person who benefits is the exchange, and you will not have such a high level, and you are not a banker. Don't buy too many coins, preferably no more than 10, because you don't have that much energy to look at them. It's like if you want to marry five wives, even if you are in good health, you can't satisfy your wives. Wei Xiaobao's story only happens in novels.
Seventh, this coin is very cheap and has dropped a lot. It is not a reason for you to buy it, and it will never be!!! It may be even cheaper!!!
Eighth, this coin is very expensive and has risen a lot. This is no reason for you to refuse to buy or sell. It could go even higher!!! $BTC $ETH