Newbie Mistakes and Expert Tips

Common mistakes made by newbies:
1. Chase the rise and kill the fall, trade frequently:
Lack of judgment on market trends and blind pursuit of short-term gains can easily be swayed by market sentiment, leading to frequent transactions and eventual losses.

2. Greed and fear, never miss any opportunity:
Being tempted by short-term interests and not letting go of any opportunity that looks like making money, but neglecting risk control, may ultimately result in more losses than gains.

3. Excessive pursuit of winning rate:
Paying too much attention to the winning rate and ignoring the profit-loss ratio will lead to the inability to obtain considerable profits even if it is profitable.

4. Lack of patience and frequent operations:
Lack of patience and frequent operations can easily lead to chasing ups and downs, increasing transaction costs, and ultimately leading to losses. Affected by news and other people's opinions: Lack of independent thinking, easily affected by market news and other people's opinions, blind operation, ultimately leading to decision-making errors.

Expert trading skills:
1. Go with the flow and pay attention to the trends:
Identify market trends, follow the trend, and increase the success rate of transactions.

2. Focus on what you are good at and do transactions you are familiar with: Understand your own strengths, focus on familiar trading patterns, and improve your trading winning rate and profitability.

3. Pay attention to the profit-loss ratio and pursue stable returns: Don’t take winning rate as the only goal, pay attention to the profit-loss ratio, control risks, and pursue long-term stable returns.

4. Strict discipline and strict implementation of strategies: Develop scientific trading strategies and strictly implement them to avoid emotional operations.

5. Think independently and filter out invalid information: Analyze the market independently, do not blindly follow trends, and only focus on information useful for trading.

6. Observe the order volume and understand the market sentiment: Pay attention to the order volume and order book, understand the market supply and demand relationship, and judge the market sentiment.

7. Make plans and predict market conditions: Make trading plans in advance and flexibly adjust according to market changes to increase the success rate of transactions.

Case:
Long plan:
If the BTC price is at 61000 and there are a large number of orders above 61050, go long and expect the price to continue to rise.

Short selling plan:
If the BTC price is at 61,000 and there are a large number of orders below 59,900, go short in the expectation that the price will continue to fall.

Summarize:
Trading is an art that requires continuous learning and practice. Novices must avoid common mistakes, learn the trading skills of experts, and develop a trading strategy that suits them based on their own circumstances in order to succeed in the market.

#交易 #高手技巧 #热门话题 #BTC #新手

First order today, hope it goes well, and I hope you guys can help me with some guidance. $BTC #新手

The cryptocurrency market seems to be an opportunity to quickly gain wealth for many people, but in fact, there are several reasons why most people find it difficult to make money:
1; The cryptocurrency market is very complex, and many people do not have enough understanding before participating, blindly follow the trend or listen to rumors, resulting in investment losses.
2; The cryptocurrency market is highly volatile, and it is difficult for inexperienced investors to cope with this volatility and make wrong decisions.
3; Many people participate in the cryptocurrency market out of a speculative mentality, hoping to make quick profits through short-term fluctuations. However, this mentality often leads to over-trading and high-risk investments, and the end result is a loss.
4; There are many manipulations and frauds in the cryptocurrency market, and some novices can easily become victims of these behaviors and lead to losses.
5; Many people do not establish a good risk management strategy when investing in cryptocurrencies, rely too much on a single investment or over-leverage operations, and will suffer huge losses once the market changes unfavorably
#新手

----------------------------------Good news-------------- --------------------------
Let’s rush! Called! Newbies and amateurs are gathering!
<Newbie Academy Angel Autonomous Community> is now settled in Binance Plaza!
Don’t know how to use Binance products? Having trading issues? No reliable learning and communication platform?
Hurry up and join the <Newbie Academy Angel Autonomous Community>
The school aims to provide a learning and communication platform for novices; our Binance Angels will escort you throughout your Web3 journey!

What platforms can you use to participate in learning in the school?
•The school community has been established. Join the community to get massive tutorials and full help from angels.
•Xuetang’s official chat room will be established soon, and Binance’s in-site chat will efficiently solve your various novice problems.
•The Xuetang Live Classroom has been established and has successfully carried out 7 live broadcast teaching sessions for novices. Next, it will join Binance Live and actively explore the teaching model of inviting well-known KOLs in the circle to share and communicate with everyone.

What are the novice benefits you can get in the academy?
•Xuetang Newbie Gift Pack Coupon. Newbies who have completed KYC and any spot transaction within 60 days of registration can receive a 10U handling fee refund coupon.
•Xuetang will give out Binance peripheral rewards for more than 2 live teaching sessions every week, and there is also a monthly 1000U classroom red envelope plan.

Develop your novice growth plan and explore the school benefits now!
Scan the QR code to join the Xuetang community and schedule a live broadcast.
See you tomorrow night at 20:00 - Live Classroom EP08
This course: Trading Robot & Spot Grid & Contract Grid
Classroom bonus: 5 sets of BN canvas bags
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