Spot goods:
Position: Position control is very important. Don't go all in with a full position at any time, and leave room just in case. Everyone knows that I mainly focus on spot trading and have not allowed you to do contracts because contracts are risky and difficult to control. The spot market is about investing in future value. Ambush at a low point in advance and exit when the target price reaches a high point.
Mentality: Mentality determines success or failure. What spot operations need is patience and waiting for the opportunity to enter the market. Don't chase highs, as you may be trapped at the top of the mountain. Once the market falls and losses occur, you will not be able to hold on to the chips in your hands, and you will be forced to sell at a low point. Instead, you will find that the market starts to rise as soon as you exit. This is a typical case of chasing ups and downs in the currency circle, so you must buy at low points and sell at high points. When others panic, I am greedy. When others are greedy, I panic.
Target: Target selection is very important. Don’t easily operate news coins in the cryptocurrency circle, especially smaller copycat coins. When you know the news or see a big increase in price, you buy it. Then it must be at the top of the mountain, and then you will be cut off. Therefore, in choosing targets, we mainly focus on mainstream coins or leading coins of a sector, and try our best to avoid being cut off and resist declines.
Market trends: Trends are critical. Choose the right trend and ambush in advance. Even sows can climb trees. A sector will have rotation. You can make money by buying DEFI in 2020. You can make money by ambushing NFT refining in 2021. Any fan token ambushed in June and July this year can more than double and can be held. There is no love in the currency circle. Don't stick to one coin or one sector. There is rotation. There will be a hot spot for a period of time. After the ambush is successful, get out and choose the next trend to enter, instead of always working on one sector. No sector can survive in the currency circle. The beginning of a new story can drive the market up, but the end of the same story will cause the currency circle to waterfall.
contract:
Contracts require a lot of discipline, and only with strict discipline can one be invincible.
Discipline needs to be formulated by people, and it also needs mutual cooperation and supervision to be implemented, namely, analysts and operators.
If the two of them meet in harmony, great things can be accomplished, so you are willing to give it a try.
I have always been against doing contracts because the risks are relatively high. Doing contracts in the currency circle is no different from gambling. Many people here have lost everything in the contract market, but it is different when doing spot trading. As long as the chips are in hand, it is just a floating loss. The contract will make you blow up directly. This is the fundamental difference. Contracts can be used to hedge with spot in a bear market. Holding mainstream spot to operate contracts to short, to achieve short-term hedging, so as to ensure that the chips in the spot market are always there, without the need for spot operations to sell high and buy low, and the ups and downs of the market cannot affect the changes. When the market falls back to the price in mind, we can sell the short orders and continue to buy spot chips to increase the chips in hand to achieve our goals. The most attractive thing about contracts is that they are a paradise for speculation, with high risks and high returns. Leverage multiples are not risks, and positions are the biggest risks and returns.
If you are someone with aspirations, I would like to give it a try.
The above is my personal understanding of the cryptocurrency world. To hold on to the spot layout, we must react quickly, make decisions quickly, and act quickly for high-leverage contracts. Any transaction must be executed in a planned manner, and risks and benefits must be estimated. We must mature, and only those with plans will be wonderful. I hope that after reading it carefully, it will be helpful to everyone. Let’s move forward together and get results in a planned manner!