Cryptocurrency Trading Secret: Rolling Position Method, Helps You Earn Steadily
For friends who want to enter the cryptocurrency market and trade, you need to take some time to seriously listen to what I have to say, it might help a lot and also protect your hard-earned money.
If you want to make a living in trading, you need to put in real effort to learn. The foundational knowledge must be solid, news analysis should be thorough, and technical indicators must be well understood.
Without research and financial planning, you will end up losing everything. Retail investors often enter the market full of hope and leave in utter disappointment. Some technical indicators have lasted this long for a reason. For example, MACD divergence, KDJ overbought and oversold levels, support and resistance levels; although they cannot guarantee profit, they can provide direction for investors.
In the cryptocurrency world, if you want to turn a small amount of money into a large sum, there’s only one way - rolling positions.
With a capital of 1 million, life becomes different. A 20% increase in spot price means 200,000; many people can't earn that much in a year.
Don’t always think about making tens of millions; you need to be realistic. In trading, you have to seize opportunities, don’t always hold light positions or heavy positions. Play with small positions most of the time, and when a big opportunity arises, go all in.
The rolling position method can only be used when a big opportunity arises. Don’t always think about rolling; if you miss it, it’s okay; being able to roll successfully a few times in a lifetime is enough!
Use rolling positions in the following situations:
After a long period of inactivity, you need to choose a direction; after a significant rise followed by a sharp drop in a bull market, you can buy the dip; when an important position on the weekly chart is broken.
Other opportunities outside of these situations should be given up.
How to operate rolling positions?
After making money, you can consider buying a bit more, but make sure to keep costs low to minimize risk. Don’t recklessly increase your positions as soon as you make a profit; you need to find the right timing.
Money should be divided into several parts; keep one part as a base position and trade the rest with high sell and low buy. How to divide it specifically depends on personal preference and the amount of capital.
Here’s the secret for you, whether you can make a name for yourself in the cryptocurrency market depends on you.
For the upcoming layout direction, I will guide you all to target the lucrative opportunities in altcoins, especially those with high potential projects, expecting a space of more than 10 times is not a problem. If you want to make big money in a bull market, like + comment, and I’ll take you through the entire bull market!