I have been losing money in cryptocurrency trading for 4 years and making profits for 2 years. Now I rely on cryptocurrency trading to support my family. I have learned 6 precious experiences. Although the content is not much, every word is as valuable as gold! ! !
1. Speculate in strong currencies. If you don’t know how to judge the strength of a currency, use the 60-day line as the dividing line between strength and weakness. When the currency price stands on the 60-day line, you can enter the market or increase your position if it stabilizes. If it falls below the 60-day line, you will be out. Under strict implementation, it is applicable to most targets!
2. Don’t touch the continuous increase of more than 50%. If it rises a little, you can’t hold it, but you will be worried. In comparison, the low position has greater advantages and higher cost performance. First of all, the risk can be controlled, the upward momentum is greater, and the chances of winning are higher.
3. There will be obvious characteristics before the main rising wave is formed. Usually, there will be a wave of small Yin and Yang shrinking fluctuations with a rise and fall of -10%~20%. When the currency price is at a relatively low level, you can actively participate in batches, and there will be a round of market in nine out of ten cases.
4. When a new concept track opportunity comes out in the market, there is a high probability that there will be 3-5 days of room for growth. If you grasp this rule, you can easily catch up with the main force!
5. When the bear market comes, at least half a year of short position. When the market is not good, do less operations. Those who know how to buy are apprentices, those who know how to sell are masters, and those who know how to take a short position and rest are the ancestors!