Only trading spot may allow survival for a few more days, whereas trading contracts might go to zero one day. In the market, 95% of...
Retail investors generally only trade contracts, and they have completely lost confidence in the market due to manipulation by big players, even if they want to exit.
The market requires determination, but it is not willingly so. If you want to trade well, you need skills; there is no time to sink without them.
Establish technical support; there are no such good things in the world.
A few tips for making money in cryptocurrency trading.
First, the timing of entry and exit.
Buying low and selling high -- this is a principle that even fools know, but few can actually do it. This is because most people do not understand trends, do not grasp the timing of entry and exit, and they like to chase after highs and sell at lows, maximizing human weaknesses.
At the beginning of the year, when most people were panicking, I called for entry; in June and July, when most people were chasing and buying, I warned that the peak was reached and it was going to drop. Isn't controlling this trend, timing entry and exit to earn several times more easy? Isn't it much better than working? But unfortunately, many people did not listen; I was still posting reminders at the beginning of August, and those who did not listen are now basically stuck. Now they come to ask me what to do? How to solve being stuck? There is no liquidity in their funds.
Second, seize the hot coins and learn to screen potential coins.
When you understand the trend, you must also learn to capture the hotspots and perform investment research to select potential coins, otherwise, it will all be in vain. You will find that even in a bull market, if the coins you bought do not rise, why is that?
This is because you do not understand investment research and do not know how to screen potential coins. Buying junk means no big players will want to pump it. What we need to do is to follow the hot money and the flow of people; where there are people, there is naturally money, and where there is money, it will bring people!
Of course, I have said so much, but most people basically do not know how to screen potential coins; they only buy what the media says is good, and in the end, they get stuck. By the time the media reports it, it has already skyrocketed, and you come in just to take the bag... I wonder if you can understand this...
Third, position management.
[The secret of traditional Chinese medicine lies in quantity; the secret of investment lies in position.]
Many people probably focus on one or two coins and buy them without any management; they do not understand how to adjust their positions, and they do not know how to take profits at high levels while watching their profits retreat, eventually turning into losses. All of this is because you do not plan your trades; trading your plan means not understanding position management.
Space is limited, and everyone's financial situation is different. I can only say that if you do not understand position management, it is hard to explain in just a few words. If you understand, feel free to ask; those who can help will try their best. Of course, you should also learn more and think independently—those who help themselves will be helped.
Eight iron rules learned from ten years of trading in the market; what you learn is what you earn.
First, for those situations that are complex and unclear, do not rush in. Pick the easy targets like picking soft persimmons; trading is the same.
Second, do not invest all your money in the same coin at once, even if you are very optimistic about it, and even if it later proves you are right, do not invest all at once. Because the market is ever-changing, no one knows what will happen tomorrow.
Third, if you mistakenly buy a coin in a downward trend, you must sell quickly to avoid further losses.
Fourth, if the coin you bought has not yet lost value, but has entered a downward trend, you should quickly withdraw and observe.
Fifth, for those that are not in an upward trend, it is advised to pay less attention. No matter what happens in the future, do not accompany the main players in building positions. Retail investors do not have the time to waste with them.
Sixth, do not fantasize about making money while constantly trading short-term, going in and out every day. Frequent trading may give you a sense of excitement, but it will cause you to lose a lot of money; the only ones benefiting are the exchanges, and you will not reach such a high level, nor are you a big player. Do not buy too many types; it is best not to exceed ten, as you do not have the energy to keep an eye on them. This is like wanting to marry five wives; even if you are healthy, you cannot satisfy all of them. The story of Wei Xiaobao only happens in novels.
Seventh, this coin has dropped a lot and is very cheap; that is not a reason for you to buy in, it is never!!! It could get even cheaper!!!
Eighth, this coin has become very expensive, it has risen a lot, but that is not a reason for you to refuse to buy or sell. It could rise even higher!!!
These days, I am preparing for the layout; a divine order is about to begin!!!
Comment 168 to get on board!!!
Immutability brings more immutability!!!
Important things are said three times!!!
