I've been trading cryptocurrencies for 10 years, losing money the first 3 and making a profit the last 7 years. Here are 6 invaluable lessons I learned:
1. Trade strong currencies. Use the 60-day moving average as a reference. Enter when the price is higher and stable, exit if it falls lower.
2. Avoid continuous growth of more than 50%. High performance can be risky. Lower positions have better cost efficiency and risk control.
3. Watch for signs of growth: Look for small fluctuations (-10% to 20%) before large increases. Participate in lots when prices are low.
4. Capitalize on new trends. New market trends often rise within 3-5 days. Understanding this can help you grasp the underlying market force.
5. Be careful in bear markets: keep your positions empty for at least six months. Reduce operations when the market is down.
6. Review weekly. Focus on evaluating your methods, not just profit and loss. Correct mistakes in a timely manner to develop your strategy.
Success requires preparation. Regardless of the market, I am with you!
❤️PLEASE LIKE
