Many people say that trading is difficult and learning technology is difficult. Of course, it is difficult. However, trading is the same as learning other new things. In the early stage, you need to practice constantly.
If trading is likened to learning the piano, then for beginners, the music aspect is to learn the basic knowledge of musical notes, and the trading aspect is to learn the basic knowledge of market transactions.
Because you have never touched it before, you need to practice and repeat constantly to have the possibility of mastering it. And its boringness and unsatisfactory appearance, every time you take a step forward, you will always take two steps back, such a result may make you frustrated.
When we start to speculate, we often suffer losses. So why do we suffer losses? Many people don’t know that there are many new people who speculate in cryptocurrencies and often see such remarks in the media, such as diving and waterfalls.
Affected by this panic, many new cryptocurrency traders begin to get nervous and may make wrong judgments at any time.
This is why many people fail to make money when the market is rising and lose money when the market is sideways.
Under the influence of poor thinking, instead of becoming an eagle of the market, he became a worm of the market.
By doing this, can we capture the tree trunk market that only occurs once or twice a year? Can we earn 10 times or 100 times the profit?
Shouldn't there be a big question mark here? They have lofty ambitions to increase their income tenfold or a hundredfold in a year, but they are only able to make enough food and clothing.
There is a strange phenomenon in trading. People who trade at a low frequency have a much deeper and more thorough understanding, identification and capture of the market than those who trade at a high frequency and ultra-short term every day. Rich people's thinking is not a cluttered thinking, not a short-term thinking within the day, high frequency within the day, short-term speculation, chasing ups and downs, Jesse Livermore couldn't do it, and Buffett couldn't do it either.
You can go and see how Lin Guangmao became famous by going long on cotton, and see how people who made ten times or a hundred times the money did it.
The daily K line can show both ups and downs within 5 minutes, but trying to capture the pitiful profits in 5 minutes often leads to the loss of the daily fluctuations that double continuously.
I have always looked down on those who do ultra-short and intraday short-term trading. It’s not that I mean to discriminate, but I just don’t think those who do intraday short-term trading can capture the big market trends.
One of the key points of profitability is that you can let profits run.
Profit running means that you need enough patience to hold positions. Waiting for the market to run is a painful stage. The market will not go straight up, but will be full of twists and turns.
Losses, profits, losses turning into profits, profits turning into losses, the uncertainty of the entire trend is enough to make many people collapse. !
Common Problems in Cryptocurrency Trading: How Can a Novice Become a Cryptocurrency Expert? For a novice, there are really many things to pay attention to, especially in the cryptocurrency trading circle. Although it is indeed possible to make a profit, there are also many traps. Many novices are unaware and lose their funds invisibly.
1. First of all, when you enter the circle, don’t buy second-rate or third-rate altcoins randomly. Allocate your own funds for regular investments. You can allocate them in batches to big coins such as Bitcoin, Ethereum, etc., and keep about 30% to allocate to other coins among the top ten. Just save them and invest regularly.
Buy when it falls, sell when it rises. This is what novices should pay attention to, because there are too many altcoins in the currency circle, and if you buy them and lose money, it will be a big loss, so only Bitcoin, Ethereum and other active coins with high market value can be considered.
2. With the help of quantitative spot trading tools, you can play manually, but don’t stop quantification. The advantage of doing so is that it can be traded automatically 24 hours a day, making use of funds instead of letting them sit idle. Let the money serve you 365 days a year and make a profit.
3. Do not touch contract leverage futures if you do not understand the contract, because the risk is too great and novices without trading experience can easily fall into it.
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