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There is a silly method for Cryptocurrency Trading that might capture most of the profits, the key lies in the three don'ts and the six mantras:
Three do not do
1. Don't chase the rise: When others are fearful, I am greedy; buy during a decline.
2. No Pressure Orders: Abandon the practice of pressure orders.
3. Not fully invested: Being fully invested is passive, and the opportunity cost is high.
Six Mnemonics
1. Waiting for the market to change direction: After consolidation at high and low levels, it often creates new highs or new lows, wait for the direction to be clear before taking action.
2. Do not act during sideways movement: Most people lose money due to trading in a sideways market.
3. Buy on a bearish day and sell on a bullish day: Buy when the daily line closes bearish, sell when it closes bullish.
4. Bullish and bearish rhythm: a slowing decline leads to a mild rebound, while an accelerating decline results in a sharper rebound.
5. Pyramid Building: A classic method of value investing.
6. Exercise caution during consolidation: After continuous fluctuations in the coin, do not trade with full positions at high or low levels; wait until the direction of the trend is clear before taking action.