Sanjin's 5 tips for newbies:
Look at market opportunities rationally
The cryptocurrency market has passed the early stage of wild growth and is gradually moving towards formalization and financialization. Large-scale capital institutions have begun to dominate the market. It is no longer an era where ordinary investors can easily get dozens or hundreds of times the return by pinching a coin. Even in a bull market, there will be very few currencies that can double more than ten times.
Steady trading strategy
Although full-position stud and high-leverage trading can bring huge profits, they are also accompanied by huge risks. The essence of currency speculation lies in rolling positions, not the income of a single order. Gradually accumulate profits and avoid betting everything.
Be wary of market frenzy
When you see someone frantically touting a certain coin, it is often the end of the coin's market. If you have already held this coin before, you can consider taking profits at the right time. If you don't hold it, it is best to avoid entering the market to avoid becoming a receiver.
Keep a calm mind
Money does not come in a hurry. When the market is still, it is more suitable for all things to rest. When trading makes a profit, don't be too arrogant; when trading loses money, don't blame yourself too much. Understand the principle of "profit and loss come from the same source", always reflect and summarize your trading behavior, and stay calm and rational.
Use leverage with caution
The vast majority of people who play contracts will eventually return to zero, because human desires are infinite and gambling cannot be controlled. Even if 99 transactions are made rationally, as long as one transaction is out of control, the previous profits and principal may be wiped out. Therefore, treat each transaction rationally and avoid excessive use of leverage.
In the cryptocurrency market, it is particularly important to maintain a rational and stable strategy. The market has entered the stage dominated by institutional capital. Ordinary investors should lower their expectations, be wary of market frenzy, use leverage with caution, and always reflect and summarize their trading behavior. Only in this way can we survive and develop in this volatile market.
#新手必看 #美国6月非农数据高于预期 #ASI代币合并计划
Again, if you don’t know what to do in the market, click on my profile picture, spot planning, contract honey 🐎, comment 666 to share with you.
