How to buy at the bottom in the cryptocurrency circle to become a big winner?
1: If the funds are less than 100,000, only buy one coin; 200,000, buy two, and 500,000, buy 4. Even if the funds are more, it is best not to exceed 5. Concentrate funds in the bull market and work hard. When the market is not good, hold less positions and convince yourself to sell decisively and stop losses in time.
2: The position layout should be reasonable, and the proportion of mainstream and copycat should be scientific, so as to avoid risks and maximize profits. For example, 40% of the position is 10 times the coin, and 60% of the position is 100 times the coin.
3: Read more financial news, especially the cryptocurrency news, and learn some technology, the purpose is to improve the winning rate. But more often, the trend determines everything: in a downward trend: all rebounds are mostly inducements, and in an upward trend: all declines are mostly pitfalls. Don't fantasize about buying at the bottom, and don't guess the main trend.
4: Set a fixed stop loss when losing money, and don't move it down. When making a profit, keep raising the exit point to prevent profit taking.
5: Think twice before buying, and execute immediately once you are sure. Selling must be firm and decisive, and you must have a mindset of letting go. Hesitation will inevitably miss the opportunity. (In March this year, the community judged that it had entered a downward shock trend and asked to sell out. Those who obeyed the order made at least three times the profit. Some friends thought it would rise again, and then they wanted to sell again after the rebound, missing the best opportunity).
6: Never use up all the funds in your hand at once, and you must buy the bottom in batches.
7: Don't indulge in short-term trading. The more you move, the more mistakes you make. Small fluctuations will disturb your mind. Big money depends on following the trend. Silence can produce wisdom.
8: Don't buy the bottom because of a large drop. Many times there is no bottom, but you just think you have bought the bottom.
