Teach you five tricks to easily grasp the market
First, never chase high prices, only buy low-priced varieties. As long as your variety is not too rubbish and will not be delisted by the big exchanges, there will be a wave of market sooner or later.
Second, do not do short-term spot trading, only do medium and long-term trading. We must be attentive. Doing short-term trading requires high technology, mentality, time, and energy. It is the most difficult retail investor. The advantage is time. Look at the low point of the weekly and daily lines to intervene and wait.
Third, do not buy more than three varieties within 500 million. Do not buy more than three varieties. The probability of you buying two varieties and doubling at the same time is definitely greater than the probability of you buying 10 and doubling.
Fourth, lower your expectations. Don't always think about buying several times or dozens of times a year, and then don't sell it when it rises. You will ride the roller coaster repeatedly. If you don't know how to sell, wait until the main rising wave rises and encounters a historical high and then sell it.
Fifth, reduce the frequency of transactions. Retail investors should not think about trading every day and every week. In the end, there is a high probability of losses. It is indeed uncomfortable to be short, but you must overcome it. You can trade once a month and grasp it every time.
