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If you're looking to make significant gains with a small amount of capital, consider these strategies:
Select the Right Coin:
Focus on popular, strong-performing coins rather than obscure ones. Target coins that have seen less than a 7% increase, which allows you to align with market leaders and ride the wave of their success.
Short-Term Trading:
Treat your trades like guerrilla warfareโmove in quickly and exit just as fast. Avoid prolonged holds and keep your trading cycle short to capitalize on immediate opportunities.
Follow the Trend:
Donโt be swayed by high or low prices; instead, adhere to the current market trend. Avoid buying out of fear or selling prematurely, and let the trend guide your decisions.
Manage Your Position:
Start with a small position, around 20% to 30% of your capital. If the market conditions are favorable, gradually increase your position. Think of it like a pyramid, where your base is larger and your top is narrower.
Use Moving Averages:
The 10-day moving average is crucial for trading decisions. If the price retraces to this average but does not fall below it, itโs an opportune moment to make your move.
Review and Learn:
Keep detailed records of your trades and analyze any losses. Identify mistakes like entering the market too early, being overly nervous, holding positions too long, or having too large a position. Use these insights to refine your strategy and improve over time.
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