Ten tips for trading cryptocurrencies

1. If you don’t have much money, for example, less than 200,000 yuan, it’s enough to catch two or three big rises in the bull market. Don’t always think about full positions. You must dare to go short and wait for the opportunity to come, and use the money you earn to fight for the next big rise.

2. People can only make money that they understand. Practice with the simulation first, and you must have both mentality and courage. If you lose in the simulation, you can try again, but if you lose once in the real market, you may be finished, or even have to exit the market.

3. When a big positive news comes out, you don’t have to sell it on the same day, but you have to sell it quickly if it opens high the next day, because good news often turns into bad news.

4. Reduce positions or go short a week before a major holiday, as holidays usually fall.

5. For medium and long-term play, you have to keep cash in your hands, sell when it rises, buy when it falls, and toss back and forth.

6. For short-term trading, look at the volume and chart. If the chart is active, you should actively go long, and if it is not active, don’t touch it.

7. If it falls slowly, it will rebound slowly; if it falls quickly, it will rebound quickly.

8. If you buy the wrong one, admit it, stop loss in time, and keep the principal.

9. For short-term trading, look at the 15-minute K-line chart, and the KDJ indicator can help you find a good buying and selling point.

10. There are thousands of cryptocurrency trading skills, and it is enough to master a few practical ones. Don't bite off more than you can chew.