Many common issues faced by newcomers in the crypto space, here I would like to share some insights:
1. What is the significance of watching the market?
Many people get excited when the price goes up and panic when it goes down, only paying attention to the fluctuations in coin prices. In reality, watching the market is about grasping the overall trend, patiently waiting for suitable buying and selling points, and validating whether the trend aligns with one's own predictions. Patience in waiting for the right opportunity is crucial in trading.
2. Can one go all in for high returns?
Don't think about getting rich quickly; focus on solid practice first. Many people with small funds end up being stuck, and if they go all in with large amounts, it will be even more painful when cutting losses. The targets recommended in the student group can have increased capital invested, but one must never go all in.
3. How to practice numerous trading indicators?
It is recommended to practice each indicator individually to precisely identify buying and selling points. Once proficient, gradually increase to using 5 - 8 indicators for predictions simultaneously, which can effectively improve accuracy.
4. Investment research is too labor-intensive; how do I find high-multiplier coins?
Investment research is indeed time-consuming and labor-intensive, and mistakes are inevitable. However, only by deeply understanding the coins you believe in can you maintain confidence during the holding period, recognize their potential, and remain unfazed by short-term declines, thereby having a solid foundation in your mind.
5. Can one only engage in short-term trading?
It is not advisable to only engage in short-term trading. Although swing trading seems to yield quick returns, it can only satisfy daily small profits. The key to making big money lies in the overall layout, which requires accurately grasping international financial trends, Bitcoin movements, and the fundamentals of various coins. While this is challenging, the rewards are substantial. Only by holding long-term can one reap considerable profits.