I have been speculating in coins for 10+ years, from losing 60% to speculating to support my family. I have tried many techniques and methods. Today, Lao Jiu has summarized 5 tips on speculating in coins that are applicable to most friends. Each of them is made with real money. The experience, especially the last one, has taught me the most. Whether you are new to the market or a seasoned veteran, understand and save yourself 5 years of detours! Especially the last one left a deep impression on me.
1. When speculating on currencies, you should choose high-quality currencies and only trade in currencies that are in an upward trend. For example, if the 5-day line is trending upward, it indicates that the short-term strength will be strong. If the 20-day line is upward, it means that the midline is rising. If the 60-day line is trending upward, it means that the midline will rise. A main wave is about to start.
2. Divide the funds in your hand into 5 parts, and only add one-fifth each time! Strictly set a stop loss of 10 points. If you make a mistake once, you will lose 2% of the total share. If you make a mistake 5 times in a row, you will lose 10% of the total capital. If you do it right, set a stop loss of more than 10 points, so that you can continue to be stable. Go down.
3. Don’t blindly buy the bottom because there are too many corrections, and don’t be easily bearish because the currency price has risen too high. The weak will not tell the bottom, and the strong currency will always be strong!
4. The prerequisite for improving the winning rate is to follow the trend. Every callback in the upward trend is basically a golden pit, and every rebound in the callback trend is basically a bullish lure.
5. When the market has been rising for a period of time and the price is at a high level, the market sentiment is overheated, chickens and dogs rise to the sky, and the price is seriously higher than the value, so it is the best strategy.
I hope the above experience is helpful to my friends!
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