If you've been trading for over a year and still losing, trust me: read these ten points before you speak.
This is not a secret, it's to make you clear-headed.
First, if your capital is not large, say within two hundred thousand, catching one major upward trend a year is enough.
Don't be fully invested every day; that’s working for the exchanges.
Second, you can't earn money beyond your understanding; I've said this too many times.
Practice on a demo account first, get your mindset right before trading with real money.
You can lose a hundred times on a demo account, but losing once on a real account might wipe you out.
Third, if you don't sell on the day a significant positive news is released, you must exit on the second day if it opens high.
Positive news turning into negative is a hard rule in the crypto world.
Fourth, during major holidays, reduce your holdings or even go to cash a week in advance.
Don't ask why; just consider it historical experience.
Fifth, for medium to long-term investments, just one sentence: keep enough cash, sell high, buy on dips, and operate in cycles.
Don't hold on stubbornly; don't resist stubbornly.
Sixth, for short-term trading, only look at trading volume and charts.
Engage with active ones; don’t even touch the inactive ones.
Seventh, if it drops slowly, the rebound will be slow; if it drops quickly, the rebound will be quick.
The speed of decline determines the strength of the rebound; remember that.
Eighth, if you buy wrong, admit it and cut losses quickly.
Protecting your principal is more important than anything else.
Ninth, when trading short-term, you must look at the fifteen-minute candlestick chart.
KDJ crossovers are sufficient.
Tenth, there are countless techniques, mastering two or three is enough.
Being greedy won't help; learning a bunch isn't as good as mastering one.
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