The crypto market is greatly influenced by news, causing price fluctuations. Short selling requires a lot of prediction and skills, and so does going long. Here are a few points to share:
1. When the market is unclear, don't gamble with large amounts of money; use small amounts instead.
2. If there are obviously huge positive developments expected in the future, don't go against the trend. For example, if Trump makes a positive statement tomorrow morning, it could blow up your short position. Be aware of the significant volatility expected, such as CPI data or Federal Reserve meetings, and set your take profit and stop loss accordingly.
3. Never short small market cap cryptocurrencies.
4. The best leverage should never exceed 5 times. Unless you are 10 times confident that a huge positive or negative news is about to come. Like Zheng Haosheng on Twitter, who previously rose rapidly at LD, he had already learned about negative policies before they were officially announced on September 4, 2017, through his connections (his father is a bank president). Think about whether you have similar channels and information resources.
5. Very few people can become wealthy through contracts and maintain their wealth. Making small profits is possible.
1. When the market is unclear, don't gamble with large amounts of money; use small amounts instead.
2. If there are obviously huge positive developments expected in the future, don't go against the trend. For example, if Trump makes a positive statement tomorrow morning, it could blow up your short position. Be aware of the significant volatility expected, such as CPI data or Federal Reserve meetings, and set your take profit and stop loss accordingly.
3. Never short small market cap cryptocurrencies.
4. The best leverage should never exceed 5 times. Unless you are 10 times confident that a huge positive or negative news is about to come. Like Zheng Haosheng on Twitter, who previously rose rapidly at LD, he had already learned about negative policies before they were officially announced on September 4, 2017, through his connections (his father is a bank president). Think about whether you have similar channels and information resources.
5. Very few people can become wealthy through contracts and maintain their wealth. Making small profits is possible.