How to turn 100,000 oil into 1,000,000 oil in the cryptocurrency contract circle
It all comes down to experience. Here are 9 points ↓
1. If your initial capital is not very large, such as within 100,000, being able to catch a major market fluctuation once a day is already sufficient. Do not be greedy and hold positions all the time!
2. When encountering significant positive news, if you do not sell on the same day, remember to sell on the next day when it opens high. Positive news often turns into negative news once realized.
3. The news and holidays are also very important. When encountering major events, adjustments should be made in advance (reduce positions or even go to cash). Historically, major events will bring significant fluctuations in the market; if you cannot grasp the direction in advance, then wait for the market to come and follow the trend!
4. The mid to long-term strategy must be to operate with light positions, leaving enough room for operation. A steady operation is the best strategy; do not operate with heavy positions.
5. Short-term trading emphasizes following the trend, quick entry and exit. It is taboo to be greedy and hesitate. In volatile markets, seek suitable entry points. If the market is stagnant and not active, then stay in cash and wait patiently.
6. When market fluctuations are slow, rebounds will also be very slow; when market fluctuations are fast, the corresponding corrections will also be rapid!
7. If you enter the wrong position or direction, then cut losses in a timely manner (do not hesitate to hold the position). Cutting losses is a form of profit; preserving capital is the fundamental principle for survival in the market.
8. For short-term trading, always look at the 15-minute K-line chart. Using the KDJ indicator can help capture suitable entry positions better.
9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is still the mindset. A person's mindset is very important; the cryptocurrency market can easily make you feel the ups and downs, so adjust yourself well.
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