Trading Sense Training Method (I)
Good trading sense is an essential condition for cryptocurrency trading
Good trading sense is a necessary condition in the cryptocurrency world. Trading sense needs to be trained, and through training, most people will improve. How to train trading sense can be approached from the following aspects:
1. Persist in reviewing your trades daily and select targets based on your own coin selection method. The focus of the review is to browse all cryptocurrency trends. In the review process, the selected coins should both comply with your selection method and share commonalities with current market hotspots, demonstrating sector and industry interlinkages, which increases the probability of a strong market performance. After reviewing, you will discover the overall market trend from the similarities of individual coins and identify sectors from the trends of individual coins.
2. Carefully browse the coins that have the highest gains and losses for the day again, find out the reasons for the strength (weakness) of individual coins, and identify what you consider to be buy (sell) signals. Coins that meet the buying criteria can be added to your watchlist for tracking.
3. In actual trading, mainly track the real-time trends of your target coins, clearly understand the specific meanings of their opening, closing, highest, and lowest prices for the day, as well as the actual situations regarding major players, such as their pulling up, selling off, and market protection actions. Understand whether the relationship between price and volume is normal, etc.
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