Learn by heart! Teach you the essence of trading in one minute!
1. Trend is your friend
Follow the trend, don't go against the tide, follow the trend, and be safe.
●When the market has a clear trend, follow the trend to reduce risks.
2. Relationship between volume and price
When the volume increases, the price rises, and the momentum is unstoppable; when the volume decreases, the price drops, and you should withdraw quickly.
●Trading volume is a leading indicator of price changes. Paying attention to the same-direction changes in volume and price can seize opportunities.
3. Sell high and buy low
If you are afraid of high prices, it is better to sell than to hold; if you hit the bottom at low prices, it is better to buy than to abandon.
●In price fluctuations, learn to sell at high prices and buy at low prices.
4. Stop loss and stop profit
If the profit is not guaranteed, you will be on thin ice; stop loss and stop profit, and you will feel at ease and peaceful.
●Set reasonable stop loss and stop profit points to protect funds and avoid losses caused by large fluctuations.
5. Wait patiently
There are always opportunities, so don't be impatient; wait patiently, and gold and silver will come.
●Trading does not need to be in a hurry, and wait patiently for better entry and exit opportunities.
6. Avoid greed
Greed has no bottom, full warehouse is easy to die; operate in batches, steady and long-term.
●Control the position to avoid major losses caused by excessive greed.
7. Keep learning
The market is volatile, keep learning; knowledge is the boat, the more you learn, the more you have.
●The crypto market changes rapidly, and continuous learning is the key to improving trading skills.
8. Stay calm
The market fluctuates, the heart is as calm as water; calm analysis, operation must be stable.