Generally, when people first enter the crypto world, they are in the secondary market

Both major methods in the secondary market require deep understanding: spot and contracts

Note: Only trade Bitcoin or Ethereum

If it's a small amount of capital, or an amount that doesn't matter to you if lost, like ten thousand yuan, it converts to about 1500U

It is recommended to first take out 100U from that amount, put it into a contract account, and then only open 10% of your position each time, using 50-100x leverage, one position at a time

If you have no understanding of trading, you can start by using this 100U based on your intuition, whether you lose or win depends on luck. This 100U is just to let you feel how worthless money can be

Once you lose this 100U, you need to start learning technical analysis

Any form of technical analysis is acceptable, or any indicator, even naked candlestick charts can work, while learning, observe the success rate of your learned techniques on the historical candlestick charts of the assets you are trading

When you feel you have a further understanding of candlesticks and indicators, invest another 100U, guided by your learning outcomes in your trading

At this point, you will still have some losses and gains, and in most cases, you may still be unable to strictly execute the learned content, regardless, you will soon lose another 100U


Next, you need to start learning trading psychology

You need to improve your execution based on trading psychology, even using indicators and technical analysis to judge market sentiment

If your learning ability is sufficient and your execution is strong enough, you should be able to strictly implement the technical analysis methods you have learned

After investing another 100U, your chances of winning greatly increase, but after some time, you still successfully lost this 100U

Next, you should learn some mathematical knowledge

The biggest difference between trading and gambling is that the win rate and profit-loss ratio can be changed through subjective initiative

Learning technology, studying psychological analysis, and improving execution can increase your win rate, but the profit-loss ratio is the secret to making big money in contracts

For example, if Ethereum's hourly level has a lowest price in three days of 1300, and the price repeatedly retraces to that level before rebounding, you seize the opportunity to reduce your position at a price of 1302, with a stop loss at 1295, and the historical rebound's highest price was 1389. If the market moves in your favor, it could even break the resistance level and rise to over 1400. At this point, your potential profit-loss ratio exceeds 1:10, which is definitely a risk worth taking

The premise of capturing the profit-loss ratio is strictly executing the stop-loss strategy

Contracts are the best test of human nature and endurance

In spot trading, if the capital is too small, what can you buy? If you throw in 10,000, even if a bull market comes and it multiplies ten times, if you only get 7 times, how much is that? It's not worth your effort. If time is limited, just buy Bitcoin or Ethereum near the bottom of a bear market.

However, how many players in the crypto world actually want to make small profits?

These days I am preparing for a great trade that is about to start!!!
Doubling is still quite easy,
and I am also looking for some potential coins to hold until the end of the year,
Comment 888 to get on board!!!
#市场波动，加仓还是观望？ #美国GDP数据即将公布 #币安HODLerTHE #XRP市场价格动向 #比特币盘整分析

Daily focus: not xlm xrp ada doge pepe sol