Friends' advice after a year of trading coins without making 100,000 U, check out these ten practical tips.
They are not secrets, just help you stay clear-headed in the crypto space and avoid detours.
I have been trading coins for eight years and made over 36 million. These ten points are all practical experiences to remember and follow to avoid 90% of the pitfalls.
First, don't be greedy with less than 100,000 U.
Catching a major upward wave once a year is enough; don't frequently operate with a full position, as losses accumulate faster. A major market movement can change your account structure.
Second, recognize the upper limit of returns.
If you can't earn money outside your understanding, first practice on a demo account to hone your mindset and courage. The demo account allows for unlimited trial and error, while a real account can lead to total exit with just one loss.
Third, remember major positive news; if you haven't sold on the day, sell at a high opening the next day.
When good news is realized, it becomes bad news. Don't be lucky and wait for a high point; otherwise, you'll be stuck at the mountain top.
Fourth, avoid pitfalls in advance during holidays.
Reduce positions or go to cash a week before the holiday. Historically, it is likely to drop during holidays, so avoiding it in advance is safer.
Fifth, keep enough cash for medium to long-term core positions.
Rolling operations of raising prices to sell and buying back in a downturn is the best strategy; don't hold on blindly or buy the bottom recklessly.
Sixth, short-term focus on two points: trading volume and patterns.
Choose active coins that fluctuate greatly; avoid dead coins that waste time.
Seventh, understand the rules of rise and fall.
Slow declines have slow rebounds, while fast declines have fast rebounds. Understanding this helps you avoid pitfalls of buying at the bottom and escaping at the top.
Eighth, if you make a wrong purchase, recognize it and cut losses in time.
Preserving principal is fundamental for survival; don't stubbornly endure losses. Decisively cutting losses gives you a chance to turn around.
Ninth, short-term must watch fifteen-minute K-line.
Combine KDJ to find buy and sell points more accurately. Newcomers shouldn't guess blindly; following signals is more reliable.
Tenth, it's not about quantity but quality of skills.
There are many ways to make money in the crypto world; mastering a few is enough. Being greedy leads to poor performance in the end.
The market fluctuates every day; safeguard your principal and original intention, and you can stand firm in the next cycle.
The market is already brewing; don't blindly rush in the dark alone.
If you are willing, I can help you reach the shore.
Follow Yuan Ge to talk about trends, get to know more first-hand information and crypto knowledge with precise points, and become your navigation in the crypto world; learning is your greatest wealth! #金价连续第十天下跌 #特朗普48小时最后通牒 $ETH
