Eight years of spring and autumn, accumulating wealth of 35 million, benefiting from the following core strategies. Once mastered, you will benefit for life!
1. Insight into market information, grasping the pulse of news
Every significant change in market information is a climax of price fluctuation. These moments may breed opportunities for soaring prices or hide risks of plummeting prices. For investors new to this field, it is wise to remain calm and mainly observe during these critical moments. Learning to untangle the complex messages and accurately interpret their impact on the market is the first step towards success.
2. Deepen technical indicators, build a technical analysis system
Mastering technical indicators is an indispensable part of cryptocurrency investment. This requires investors to invest time and effort to systematically learn key elements such as moving averages, KDJ, Bollinger Bands, candlestick patterns, volume-price relationship, and capital flow. Formulating a personalized learning plan and gradually building your own technical analysis system is an effective way to enhance trading accuracy.
3. Formulate and execute a trading plan, avoid gap trading
The formulation and execution of a trading plan are key to ensuring steady investment progress. Avoid gap trading, which means avoiding random buying and selling without a clear trading strategy. This can effectively reduce unnecessary transaction fees and maintain a stable trading mindset, preventing impulsive decisions that lead to loss of rational judgment.
4. Strict risk management, controlling trading positions
Risk management is a lifeline. Investors should set clear stop-loss and take-profit points. Once the market trend reaches these preset limits, decisive closing operations should be executed, keeping both profits and risks within an acceptable range. At the same time, rationally controlling trading positions can avoid the huge risks brought by heavy positions. Position management is one of the important marks that distinguish ordinary investors from trading masters.
If you want to delve deeper into the cryptocurrency world but can't find a clue,
want to understand the information gap, whether it's contracts or spot trading, you can seek knowledge as your main profession and learn more.
