Newcomers in the cryptocurrency circle, if you manage your positions well, you will outperform most people
The following are two methods of position management:
1. Left-side position management
1) Do not use up all your money at once, but buy in batches
(2) You can divide your funds into several parts. When you are not sure about the bottom, buying in batches is the most appropriate way to spread the cost price
(3) You should flexibly deal with the bottom of your position according to the changes in market conditions. Do not cover your position too frequently, as this will have a negative effect on spreading the price of the currency. An advance of 20%, 30%, or 50% is suitable for aggressive investors who are keen on bottom-fishing
(4) The initial entry amount is relatively small, and the price of the purchased currency does not rise and continues to fall. In the future, you will gradually increase your position, and the proportion of position increase will increase, thereby diluting the cost. This method has a relatively small initial risk. The higher the funnel, the more profitable it will be
2. Right-side position management
(1) Buy 1: When the 5-day moving average crosses the 10-day moving average, add 30% of the position
(2) Buy 2: The price of the currency effectively breaks through the lifeline. When it falls back to the lifeline, continue to add 30% of the position to ensure that the total position reaches 60% in the initial stage of the upward trend.
(3) Buy 3: Break through the neckline or other important pressure points, and then fall back to stabilize, indicating that the reversal upward pattern is established, and add 20% of the position again. The total position should reach 80%, and the currency should be held for expansion.
(4) Buy 4: The 5-day moving average and the 10-day moving average cross again above the lifeline. This is a typical signal of accelerating the rise. At this time, the remaining 20% of the position should also be bought in time to maximize the profit.
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