Brothers, it's understandable that you can't make money with contracts, but if you can't make money even in spot trading, then it's time to calm down and study!
First, let's talk about contracts. This thing has large fluctuations, and if you open a position poorly, it's easy to get liquidated and lose money, and everyone understands this situation. But spot trading is different; as long as you have a clear operating method, making money is not difficult. The key is not to change coins randomly, not to rush into short-term operations, and not to sell just a few days after buying; otherwise, you won't capture the market trends! Below, I'll share a simple and effective method to help you steadily increase your win rate:
Key Methods:
1️⃣ Determine the overall market position
• High position: Don't rush to enter; wait for it to correct before making a move. This might take 3 to 5 months, patience is crucial.
• Low position: See if it stabilizes. If it continues to break down, keep observing; if it stabilizes, consider building a position.
• Middle position: Pay attention to whether it will break upwards or continue to break down. Be cautious at this point.
2️⃣ If you are in profit, don't rush to sell
Generally speaking, it takes 3 to 5 months to rise from a low position to a high position, unless it’s a coin that experiences a short-term spike. If you encounter a short-term spike, remember to take profits in time, otherwise, you might end up giving back what you've earned.
3️⃣ Buying timing: Three-line rule
• Look at the MA7, MA60, and MA99 three moving averages; ensure the coin price is above these three lines and enter when it's at a low position.
• Using this approach, you are likely to make money, and at least you won't get stuck. Just take a look at the trend charts of old or new coins, and you will find that buying according to this method has a very high probability of profit.
Regarding coin selection:
This method applies to all coins, but the premise is to confirm the market position. Wait for a correction at high positions, buy patiently at low positions, and that's how you can steadily make money.
Recently, I have a good outlook on ρꪊρρⅈꫀડ(), as it currently has a low market cap and a strong community, and is in a low position consolidation phase. Coins like this are likely to become dark horses in a bull market, so interested brothers can pay close attention to this!
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