"Advice for Cryptocurrency Trading: Stay Rational and Calm in the Cryptocurrency Circle"
In the cryptocurrencies full of temptations and risks, it is very important to keep these advices in mind.
The first article emphasizes that covering a position is not for the pursuit of huge profits, but a stop loss. When you are trapped by the market, you cannot expect a sharp rebound with luck. Covering a position is only to reduce the degree of loss. Many people go further and further on the wrong path because they cannot correctly understand the purpose of covering a position.
The second article reminds us that there are hidden crises under calm market conditions. The stability of the market is often just an appearance, and it may change suddenly at any time. The callback after a big rise is an inevitable law, and you need to be highly vigilant when the K line presents a triangle. Don't relax your vigilance because of a temporary stability to avoid being trapped at a high position.
The third article points out the key to buying and selling timing. Buy on the Yinxian line and sell on the Yangxian line. Only by operating against the market can you show the style of a master. Buy bravely when others are panicking, and sell decisively when others are crazy. Don't sell if you don't go high, don't buy if you don't dive, and stay put when the market is sideways. At the same time, pay close attention to the resistance level in the uptrend and the support level in the downtrend to keep a clear mind.
The fourth article warns us that full position operation is a taboo. The currency market is unpredictable, and position management is the way to survive. Only by maintaining flexibility and adjusting positions reasonably according to market changes can we cope with the complex market environment.
Finally, the fifth article emphasizes the importance of mentality. Greed and fear are the biggest enemies of investors. Blind behavior of chasing ups and downs will only bring more losses. Only by keeping calm and looking at market fluctuations with a calm mind can we gain a firm foothold in the currency circle.
In short, we need to be cautious in currency trading, keep these advices in mind, and face the challenges and opportunities of the currency circle with a rational and calm attitude to achieve a steady return on investment in this risky field.