# Eight Mantras of Crypto Trading - A Must-Read for Coin Traders!

Only crypto masters understand the knowledge of wealth; these eight mantras are not to be missed.

**One: Lock in positions with averaging down to preserve capital; expecting profits is mere greed.**

When trading coins, there will always be a few positions that get locked in losses. At this time, remember never to fantasize about turning losses into gains; rushing for quick profits will only trap you deeper. Honestly average down, preserve your principal, and you can achieve steady, consistent gains.

**Two: Calm waters hide a rising wave; beware the big waves that follow.**

The coin market appears calm on the surface, but undercurrents surge beneath. Don't be deceived by minor price increases you see now; stay vigilant and guard against the major volatility that may come next.

**Three: After a big rise must come a pullback; the K-line charts multiple days forming a triangle.**

When coin prices soar, don't get carried away with joy. Because after this rise, a pullback will inevitably follow. Look at the K-line—isn't it forming an equilateral triangle over multiple days?

**Four: Buy on red days, don't buy on green days; sell on green days, don't sell on red days; moving against the trend is true heroism.**

Buy coins when prices are falling in red, sell when prices are rising in green. Do the opposite of what seems obvious, and you can win through unconventional tactics.

**Five: Don't sell unless it surges high; don't buy unless it crashes hard; don't trade during sideways movement.**

Don't rush to sell when prices surge; don't rush to buy the dip either. During sideways consolidation especially, keep your hands in check and observe patiently.

**Six: In uptrends watch support levels; in downtrends watch resistance levels.**

When prices are rising, focus on support levels to prevent sharp falls. When prices are falling, pay attention to resistance levels to find good entry points for buying dips.

**Seven: Full position trading is a grave mistake; stubborn persistence won't work; understand impermanence and know when to stop; enter and exit with flexibility by reading the opportune moment.**

Never trade with your full position; never go all-in. The crypto market is ever-changing; you must know when to take profits and be flexible with entries and exits. Observe patiently and you'll seize the best opportunities.

**Eight: Crypto trading is about mindset; greed and fear are the greatest enemies.** #BTC #ETH