I started trading contracts in 2020, and time has flown by. My experience in trading cryptocurrencies feels like a novel! I have summarized nine practical tips that I'd like to share with all contract traders.
1. If your principal is not much, for example, within a hundred thousand, being able to catch a significant market fluctuation each day is enough. Don’t be greedy and don’t hold positions too long!
2. When encountering significant good news, if you do not plan to sell on the same day, make sure to remember to sell the next day. Once the good news changes, it often becomes bad news.
3. News and holidays are also quite crucial. When significant events happen, be prepared in advance, such as reducing or emptying your positions. From past experiences, when major events occur, the market will definitely fluctuate greatly. If the direction is unclear, wait and follow the trend.
4. If you are trading medium to long-term, entering with light positions is relatively stable. Leave some operational space; clever operations are key, and heavy positions must wait for opportunities to materialize.
5. For short-term trading, follow the market trend, get in and out quickly, don’t be greedy and don’t be afraid. When the market fluctuates greatly, find suitable entry points. If the market is inactive, wait with empty positions.
6. If the market moves slowly, the restart will be slow; if the market fluctuates quickly, the pullback will also be quick, so pay attention to observation.
7. If you get the direction wrong, quickly cut losses, as stopping losses is a way to make money indirectly. Preserving your principal is essential to survive in the market.
8. For short-term trading, take a closer look at the 15-minute K-line chart; the KDJ indicator can also help you find good entry points.
9. No matter how many trading techniques you have, the mindset is the most critical. The cryptocurrency market is highly volatile, so you need to adjust your mindset and not be too greedy.
For the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects. An expected return of more than ten times is not a problem. If you want to make big money in a bull market, like and leave a message, and I will take you to layout the entire bull market!