Ten Tips for Cryptocurrency Trading:
1. If you have limited funds, such as under 200,000, capturing two or three big rallies in a bull market is enough. Don't always think about being fully invested. Be brave enough to hold cash and wait for opportunities to use the profits to chase the next big rally.
2. You can only earn money from what you understand. Start by practicing on a demo account; you need both the right mindset and courage. If you lose on a demo account, you can try again, but losing once in a real account might be the end for you, or even force you out of the market.
3. When significant good news comes out, it's fine not to sell on the same day, but if it opens high the next day, you should sell quickly, as good news often turns into bad news.
4. A week before major holidays, reduce your positions or go to cash, as markets usually decline during holidays.
5. For medium to long-term trading, you need to keep cash on hand; sell when prices rise and buy when they fall, trading back and forth.
6. For short-term trading, pay attention to trading volume and patterns. If the pattern is active, be aggressive in buying; if it's inactive, stay away.
7. Slow declines result in slow rebounds; quick declines lead to quick rebounds.
8. If you've made a wrong purchase, acknowledge it, cut your losses promptly, and preserving your capital is key.
9. For short-term trades, check the 15-minute candlestick chart; the KDJ indicator can help you find good entry points.
10. There are countless trading techniques, mastering just a few practical ones is enough; don't be greedy and take on too much.
If you're feeling lost and directionless in your trading, leave a comment with '1', and this bull market will help you get back on track.