🧵 My experience in trading the recent downtrend "Some see it as a gamble," but I see it as a practical test for trading rather than investing.
"I have developed an investment method that I will apply in the coming period, God willing." Tips from the experience: 1) Divide your purchase of a single coin into 5 parts or more. 2) Only reinforce from distant opportunity zones. 3) As long as you have cash for the coin, don’t worry about the dip. 4) Stop-loss -5% in crypto is a losing strategy. 5) Reinforcing in an excellent coin gives you the chance to trade and invest at the same time. 6) Don’t make the mistake of going all-in because today’s market is different from previous cycles where sideways movement was high. 7) Stay away from the concept of not putting all your eggs in one basket and buying 50 coins, because coins tend to fall together when the market is bad, and you don’t benefit from diversification, which increases the pain of loss. The attached image shows the December results and the reflection of 6 recommendations, but with correct reinforcement, all recommendations became successful with zero loss. Good luck to everyone.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🧵 My experience in trading the recent downtrend "Some see it as a gamble," but I see it as a practical test for trading rather than investing.
"I have developed an investment method that I will apply in the coming period, God willing."
Tips from the experience:
1) Divide your purchase of a single coin into 5 parts or more.
2) Only reinforce from distant opportunity zones.
3) As long as you have cash for the coin, don’t worry about the dip.
4) Stop-loss -5% in crypto is a losing strategy.
5) Reinforcing in an excellent coin gives you the chance to trade and invest at the same time.
6) Don’t make the mistake of going all-in because today’s market is different from previous cycles where sideways movement was high.
7) Stay away from the concept of not putting all your eggs in one basket and buying 50 coins, because coins tend to fall together when the market is bad, and you don’t benefit from diversification, which increases the pain of loss.
The attached image shows the December results and the reflection of 6 recommendations, but with correct reinforcement, all recommendations became successful with zero loss. Good luck to everyone.