Trade coins for seven or eight years, and with a fortune of 30 million, what I want to tell everyone is that learning is the most fundamental and basic thing. Only by strengthening oneself can one thrive in the cryptocurrency market!
1. If your initial capital is not very large, for example, within 100,000, being able to capture a major market fluctuation once a day is already sufficient. Do not be greedy and always hold positions!
2. If there is significant good news and you don't sell on the same day, remember to sell at the high opening the next day; good news often leads to bad news when it is realized.
3. News and holidays are also very important. When encountering major events, adjustments should be made in advance (reduce positions or even go to cash). Historically, major events will certainly lead to significant volatility in the market. If you cannot grasp the direction in advance, then wait for the market to come, and follow the trend!
4. The strategy for medium to long-term positions must be to enter with light positions, leaving enough operational space, and stable operations are the best strategy. Do not operate with heavy positions.
5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid being greedy and hesitant. When the market fluctuates greatly, look for suitable entry points. If the market is inactive, then go to cash and wait patiently.
6. If the market fluctuates slowly, the rebound will also be very slow. If the market fluctuates quickly, then the corresponding pullback will be rapid!
7. If you enter at the wrong price or direction, then cut losses in time (do not hesitate to hold the position). Cutting losses is a form of profit; preserving capital is the fundamental principle for survival in the market.
8. When doing short-term trading, be sure to look at the 15-minute K-line chart. Based on the KDJ indicator, you can better capture suitable entry positions.
9. There are countless techniques and methods for trading coins, but the most important thing is still the mindset. A person's mindset is very important; the cryptocurrency market can easily let you experience significant ups and downs, so adjust yourself well. A good mindset has already surpassed most people in the cryptocurrency market.
1. If your initial capital is not very large, for example, within 100,000, being able to capture a major market fluctuation once a day is already sufficient. Do not be greedy and always hold positions!
2. If there is significant good news and you don't sell on the same day, remember to sell at the high opening the next day; good news often leads to bad news when it is realized.
3. News and holidays are also very important. When encountering major events, adjustments should be made in advance (reduce positions or even go to cash). Historically, major events will certainly lead to significant volatility in the market. If you cannot grasp the direction in advance, then wait for the market to come, and follow the trend!
4. The strategy for medium to long-term positions must be to enter with light positions, leaving enough operational space, and stable operations are the best strategy. Do not operate with heavy positions.
5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid being greedy and hesitant. When the market fluctuates greatly, look for suitable entry points. If the market is inactive, then go to cash and wait patiently.
6. If the market fluctuates slowly, the rebound will also be very slow. If the market fluctuates quickly, then the corresponding pullback will be rapid!
7. If you enter at the wrong price or direction, then cut losses in time (do not hesitate to hold the position). Cutting losses is a form of profit; preserving capital is the fundamental principle for survival in the market.
8. When doing short-term trading, be sure to look at the 15-minute K-line chart. Based on the KDJ indicator, you can better capture suitable entry positions.
9. There are countless techniques and methods for trading coins, but the most important thing is still the mindset. A person's mindset is very important; the cryptocurrency market can easily let you experience significant ups and downs, so adjust yourself well. A good mindset has already surpassed most people in the cryptocurrency market.
