Top ten tips for newcomers to enter the cryptocurrency circle:
Tips 1: Don’t be easily cheated of low-priced chips, be firm in your faith, and prevent the dealer from knocking and smashing the market;
Tips 2: Chasing up and killing down, entering and exiting with full positions are always taboos. The general trend is favorable. Building positions in batches when the market falls has lower risks, lower costs, and greater profits than chasing up;
Tips 3: Reasonably distribute profits and maximize the release of funds, rather than constantly adding positions;
Tips 4: When the market rises sharply, sell the capital, and when the market falls sharply, keep the currency. At any time, you must have a positive mentality, do not speculate, be impetuous, be greedy, be fearful, and do not fight unprepared battles;
Tips 5: The ambush or private placement of low-priced coins in the front is to rely on experience and the dealer to bet on the future of the coin. The secondary market game in the back is to rely on technical and news aspects to follow the dealer. Don’t put the cart before the horse and end up in a mess.
Advice 6: When building a position or shipping a product, you must divide it into different levels, and gradually increase the price to effectively control the ratio of risk and profit.
Advice 7: Be familiar with the linkage effect. When trading coins, look at the market, and pay attention to the trends of other coins. Each coin is not isolated in the market. It seems that there is no connection, but in fact, it is intricate. The linkage effect requires understanding of the coin and making full use of the consulting tool APP.
Advice 8: Reasonable allocation of positions, reasonable allocation of hot coins and value coins, pay attention to the pressure resistance and the ratio of profit intake. Being too conservative will miss opportunities, and being too aggressive may face high-risk risks! The biggest feature of value coins is stability. The biggest feature of hot coins is volatility. It may rise to the sky or return to zero in one battle.
Advice 9: Having coins on the market, money in the account, and cash in the pocket is the safest and most secure standard. You can't go all in, or you will die. The grasp of risk control and the reasonable allocation of funds are the key to your mentality and success or failure. Idle money investment is the foundation.
If you don't know how to do it and are confused. Then pay attention to me. Leave a message with your question or click on my avatar to see.
You don’t necessarily lose money in the cryptocurrency circle. If you don’t learn and ask, you deserve to lose money!
Come on, coin keepers.
Click on my avatar. Follow me. Next time I’ll share: Three obstacles on the road to trading
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