When venturing in the cryptocurrency circle, be sure to stay alert. Here are some key points that need special attention:
1. Use idle funds for investment, and never borrow or take out loans to speculate in cryptocurrencies.
2. Carefully select potential currencies and develop a reasonable capital allocation plan, which is the key to stable investment.
3. After entering the market, callbacks are normal, so allocate funds reasonably and adopt a strategy of buying in batches.
4. Do not operate with full positions, diversify investments, and avoid concentrating all funds on one project to reduce risks.
5. Pay close attention to cryptocurrency news and financial trends, keep information flowing, and help seize market opportunities.
6. Do not go head-to-head with dealers and market trends, learn to follow the market and go with the flow.
7. If you participate in contract trading, do not operate with full positions, control leverage between 20 and 50 times, use high leverage with caution, and stable profits are the primary goal.
8. It is crucial to control positions. Do not operate easily when it is unclear. No operation means no risk. Regularly review your asset allocation to ensure its rationality and effectiveness.
9. Mindset is crucial. Be clear about your entry and exit points. The experience in the cryptocurrency circle will help you grow. Adjusting your mindset is often more important than operation.
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