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After 6 years of cryptocurrency trading, I have earned 18 million. Here are 8 practical ways to play with cryptocurrencies:
1. Buy mainstream value coins with large positions, spot (don’t do contracts), no matter whether it rises or falls, just hold it for the medium and long term, enter the market according to the entry price, and add rolling positions (add or reduce positions)
When the market plummets, don’t panic if the 20-day line is not broken in four hours. There are several reasons:
a. Contract explosion: Don’t play with contracts easily if you don’t have diamonds. It is completely different from spot data. Only by keeping the principal can you continue to enjoy the dividends of the bull market!
b. Retracement demand: After the mainstream value coins soar, they jump up the 5-day line and open high. Generally, they have to step back on the 5-day line, or even the 10-day line, before they can continue to rise!
c. Cutting leeks: Retail investors like to chase the rise and kill the fall. After retail investors chase high, the dealers will fall rapidly to scare retail investors to cut their losses and hand over their chips. 2. Reduce positions in advance for profitable orders, or sell them in batches at high levels to lock in profits;
3: Hang up in batches at the 5-day, 10-day, and 30-day lines at the daily level in advance, and receive chips at low levels.
4: Judge the trend of rise and fall according to the lifeline tactics. If the trend changes and effectively falls below, reduce positions in time when the lifeline is pulled back.
5. When the market soars, you must be aware of the risks and don’t blindly chase high prices. When the market plummets, you must have an opportunity awareness and receive chips in batches at low levels.
6: For profitable chips, reduce positions appropriately to avoid roller coasters. For orders that copy the bottom, it is recommended to set a stop loss to protect the principal.
7: If the direction is unclear, it is better to miss it than to make a mistake. Only by keeping the principal can you laugh longer.
8. Don't be in a hurry to make money, and don't be greedy. First, learn to copy orders seriously, practice your mind and skills, practice with small funds, and be familiar with the rise and fall rules of digital currency transactions. Find the market feeling, so as to reduce the transaction costs during learning and practice.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.