Many people say trading is difficult, learning technology is difficult, and of course it is. However, trading is just like learning anything new; it requires continuous practice in the beginning.
If we compare trading to learning piano, then for beginners, the music part is about learning the basic knowledge of notes, while the trading part is about learning the basic knowledge of market trading.
Because you have never been exposed to it, you need to keep practicing and repeating to have a chance to grasp it. Its monotony and the dissatisfaction on the balance sheet can be frustrating; every step forward often results in two steps back.
When we start trading cryptocurrency, we often incur losses. So why do we lose? Many people don't realize that many new traders frequently see statements in the media about crashes and waterfalls.
Affected by this panic, many new traders become nervous and may make wrong judgments at any time. This is why many people fail to make money during uptrends and lose money during sideways movements.
Under the influence of a poor mindset, instead of becoming market eagles, they become market bugs.
Can using contracts and spot trading capture the rare tree trunk market that only happens once or twice a year? Can it earn 10 times or 100 times the profit?
Shouldn't there be a big question mark here? With ambitions to achieve tenfold or hundredfold gains in a year, yet living a life of mere subsistence.
There is a strange phenomenon in trading,
Low-frequency traders have a much deeper and thorough understanding, identification, and capturing ability of market trends compared to high-frequency and ultra-short-term traders who work daily. The mindset of the rich is not about random thinking, nor is it about intraday short-term thinking; intraday high-frequency trading, chasing highs and cutting losses is something that Jesse Livermore couldn't handle, and neither could Buffett. Everyone can look at how Lin Guangmao became famous for making a fortune in cotton and see how those who earn tenfold or hundredfold do it.
A single line on the daily chart can show ups and downs, but trying to capture the meager profits of the 5-minute chart often results in missing out on the continuous doubling of daily fluctuations.
I have always looked down on ultra-short trades and intraday short trades, not out of discrimination, but because I don't think intraday short trades can capture big market trends.
One of the cores of profitability is your ability to let profits run, and letting profits run means you need enough patience to hold your positions and wait for market movements.
This stage is painful, and the market won't rise straight up; it is full of twists and turns.
Losses, profits, losses turning into profits, profits turning into losses; the entire trend's uncertainty can be enough to drive many people to despair.
Common questions about trading cryptocurrency: How can beginners become trading experts? Beginners need to pay attention to many things, especially in the cryptocurrency market, where profits are possible but there are also many traps. Many beginners unknowingly lose their funds.
1. First, enter the market and avoid randomly buying second-rate or third-rate altcoins. Allocate your funds for regular investments, dividing them into batches for major coins like Bitcoin and Ethereum, leaving about 30% to invest in other top ten coins for regular savings.
Buy when it drops, sell when it rises. This is something beginners need to be cautious about, as there are too many altcoins in the cryptocurrency market. Once you buy and incur losses, it can be significant, so only Bitcoin, Ethereum, and other high market cap active coins should be considered.
2. By using quantitative trading tools for spot trading, you can manually trade, but don't stop quantifying. The advantage of this is that it can automatically trade 24 hours a day, utilizing your funds and preventing them from sitting idle. Let your money work for you 365 days a year and generate profits.
3. Do not touch contract leverage futures without understanding contracts, as the risks are too high, and beginners without trading experience can easily fall into traps.
These days I am preparing for the launch of a divine trade!!!
Comment 168 is on the bus!!!
Impermanence brings impermanence brings impermanence!!!
Important things should be said three times!!!
