Ten tips for cryptocurrency trading experience!
1. Start with a light position, don't rush to fill it up: If you don't have much money (for example, less than 200,000), it is enough to catch two or three big rises in the bull market. Keep an empty position and wait for opportunities, and use the income to fight for the next big market.
2. Practice first and gradually enter the market: The money you earn is often brought by the market you understand. Practice with a simulated disk first to adapt your mentality and courage; the loss of the simulated disk can be absorbed, and a failure in the real disk may make you exit the market.
3. Grasp the good news and stop when you see it: After the good news appears, you can wait and see on the first day, but you must act decisively when it opens high on the second day to avoid the risk of good news turning into bad news.
4. Avoid risks before the holidays and control positions: Appropriately reduce positions or short positions a week before the big holidays to avoid the risk of falling caused by market fluctuations during holidays.
5. Hold cash and operate flexibly: If you are doing medium and long-term investment, remember to keep cash in your hands, sell appropriately when the market rises, and buy again when it falls, and flexibly use the band opportunities.
6. Short-term follow-up volume: Short-term trading pays more attention to volume and graphics. Active graphics can be actively long, while inactive graphics can be kept on the sidelines.
7. The speed of decline determines the strength of the rebound: if the decline is slow, the rebound will also be slow; if the decline is rapid, the rebound is usually faster.
8. Decisive stop loss, keep the principal: if you buy the wrong one, decisive stop loss, and keep the principal is the long-term winning way.
9. Short-term reference K-line chart: When doing short-term trading, pay attention to the 15-minute K-line chart, and combine the KDJ indicator to help find the right buying and selling points.
10. Practical techniques are concise and efficient: There are many techniques for trading coins. It is enough to master a few practical ones. Don't be greedy for more.