The pros like Livermore, Dawas, and others who have made huge profits in the traditional stock market have investment philosophies and strategies that are very simple, suitable for any retail investor, and are equally applicable to secondary investments in #Web3:
1. Reject rumors and investment advice from other analysts. Market prices and trading volumes are the true first-hand market information. 2. Choose the targets independently, not too many, 3 to 5 is enough ($ETH , $SOL $BNB , etc.) 3. Based on the simplest box structure composed of resistance/support, a breakout with increased volume indicates the start of building a position. 4. Set stop-loss, stop-loss, stop-loss!!! (Can avoid all black swans, small losses and big gains snowball)
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The pros like Livermore, Dawas, and others who have made huge profits in the traditional stock market have investment philosophies and strategies that are very simple, suitable for any retail investor, and are equally applicable to secondary investments in #Web3:
1. Reject rumors and investment advice from other analysts. Market prices and trading volumes are the true first-hand market information.
2. Choose the targets independently, not too many, 3 to 5 is enough ($ETH , $SOL $BNB , etc.)
3. Based on the simplest box structure composed of resistance/support, a breakout with increased volume indicates the start of building a position.
4. Set stop-loss, stop-loss, stop-loss!!! (Can avoid all black swans, small losses and big gains snowball)