There is a seemingly simple method for trading cryptocurrencies, but this method can capture almost all profits and requires gradual learning. First, never do three things when trading cryptocurrencies.
1. Never buy when prices are rising#
You should be greedy when others are fearful and fearful when others are greedy, developing the habit of buying when prices are falling.
2. Never place large orders#
3. Never go all in#
Going all in makes you very passive; the market is not short of opportunities, and the opportunity cost of going all in is very high.
Six rules for short-term cryptocurrency trading#
1. After a period of consolidation at high prices, there is usually a new high; after consolidation at low prices, there is usually a new low. Therefore, wait for the direction of the market to become clear before acting.#
2. Do not trade during sideways movement#
Most people lose money trading cryptocurrencies because they cannot do this.
3. When selecting candlesticks, buy when a bearish candle closes and sell when a bullish candle closes.#
4. When the decline slows, the rebound is also slow; when the decline accelerates, the rebound is also fast.#
5. Use a pyramid buying method to build positions; this is the only unchanging strategy in value investing.#
6. When a cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, there is no need to sell all at high prices or buy all at low prices. Because after consolidation, there will inevitably be a change; if it changes downwards from a high position, you should clear your positions in time.#
🔥 Solving the issue of accessing the OKX exchange in China#
Many exchanges' original domain names may be restricted, or access may be slow due to overseas servers. Ordinary users may feel confused and even suspect that the exchange is down. In fact, this is usually a network environment issue, not a platform service interruption. To address this, exchanges like OKX and Binance regularly update their backup domain names to ensure users can access the official website through alternative addresses.
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- OKX backup domain Overseas OKX (requires 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/HTX
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- Gate backup domain Gate.io
🔥 Related reading#
🔥 Practical tools for finding 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
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