Suggestions for cryptocurrency trading to help novices move forward steadily:
Keep a light position: avoid full position investment to maintain a calm mentality and ensure that there is room for both attack and retreat in the market.
Strict stop loss: If you do not set a stop loss when trading in cryptocurrency, you may face significant losses. Stop loss is an important part of risk management.
Choose mid-segment profit: Just like eating fish, only take the middle part, steadily capture the most profitable part, and avoid taking risks to pursue high-risk returns at the head and tail.
Seize opportunities in the downtrend: Recognize that opportunities often appear after prices fall. The essence of cryptocurrency trading is to invest in the future, and it is crucial to maintain cash liquidity.
Reverse thinking: Take action when market sentiment is opposite, we are greedy when everyone is afraid, and we are vigilant when everyone is greedy.
Insight into the market cycle: The market sprouts in despair, grows in hesitation, and finally peaks in madness. Understanding and adapting to the market cycle is the key.
Improve the level of analysis: Novices focus on prices, veterans value trading volume, and masters have insight into market trends. Continuously improve your own analysis dimensions.
Look at indicators rationally: There are no absolutely reliable indicators, only investors who deeply understand and correctly use indicators. Blind reliance on indicators may be counterproductive.
Mindset is king: In cryptocurrency trading, a good mindset comes first, followed by strategy, and technology is the tool to implement the strategy.
Confidence, patience and determination: You need to have firm confidence when buying, be patient during the holding process, and be decisive when selling.
Musk puppies (Ethereum chain), worth ambush.
