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If you intend to make a living by Cryptocurrency Speculation, these eight iron laws are worth pondering repeatedly!
I have been in the crypto world for 10 years, and these eight iron rules are a must-read before getting on board every day, allowing me to be spared in one round after another of big dump. Today I share with my fortunate fren, hoping to inspire you.
1. When getting on board, don't just look at the Cryptocurrency Trading Candlestick pattern, especially for short-term trading, you need to look at the 30-minute Candlestick. At the same time, the overall market needs to stabilize and resonate before taking action. For example, sometimes you may see a Candlestick with a long upper wick and feel like there is no opportunity, but the next day it may have a big bullish trend or even hit the limit up. In fact, if you look at the 30-minute Candlestick, you will see the subtlety.
2. The trend and order are not right. A second look is a mistake. You should follow the trend and, at the same time, not disrupt the pump's order.
3, short-term is not in the hot spot or potential hot spot, it is better not to do.
4. Abandon all impulsive get on board. Trade your plan, plan your trade.
5. Anyone's views or opinions are only for reference and should be carefully considered and analyzed on their own.
6. Lock in the direction first before selecting a currency. If the direction is right, half the effort leads to double the results; if the direction is wrong, double the effort leads to half the results.
7. Intervene in the coin that is pumping. It is a big taboo to guess the bottom, always feeling that it will Rebound soon, and then there will be an ultimate shakeout. The stock price always runs in the direction of the small resistance level, intervening in the coin that is pumping is choosing the direction with a small resistance.
8. After making big profits or losses, empty your position and re-evaluate the market data and yourself. Figure out the reasons behind the big profits or losses before making further moves.
After so many years of Cryptocurrency Speculation, I found that after making big profits and big losses, emptying the position, the probability of being right is over 90%.