The key to trading in cryptocurrencies is timing, when to buy and when to sell.
The tricks of trading in cryptocurrencies can be summarized in two sentences: the loss is infinitely small, and the profit follows it. This sentence means that if you find that the trend of the token is not right, stop the loss immediately and reduce the loss to the smallest possible. Once you have a profit, you must remain patient and turn small profits into big profits.
The first priority in choosing a buying point: choosing a stop-loss point to buy tokens based on three criteria: value analysis, technical analysis, and market cycle. Some people only look at value analysis when buying tokens, that is, studying the value of the project itself, and not looking at other things. Some people only look at technical analysis and believe that the market's view on the token is fully reflected in the changes in stock prices and their trading volumes.
Most traders belong to the second category. The price of a token reflects the future prospects of the company. A more appropriate method is to use value analysis to select tokens. The operation after finding the token mainly depends on technical analysis. Then, in line with the principle of losing small money when losing money and making big money when making money, stop losses in time. Imagine that you are a big investor, how would you mobilize the public's psychology?
The tricks of big investors are actually very simple. When they want to buy, they either quietly. Or they will try to trigger panic selling among the public. In the former case, you will find that the trading volume increases, but it is not obvious, and the price rises slowly step by step. The latter is to create some good selling points that are recognized by everyone. When big investors want to sell, they either buy in first, causing the price to soar. The process of finding the critical point of currency price fluctuation is the process of learning to trade in currency. You need to constantly find the critical point that suits your personality and risk tolerance.
When to sell can be divided into two parts: the first is how to choose the stop-profit point; the second is how to choose the right selling point to make a profit after making a profit. The head and tail of the token are difficult to catch, and traders should learn how to catch the 70% fluctuation in the middle. Don't try to find the highest of the token, you never know how high the coin will rise. Deciding when to sell is more difficult than deciding when to buy. When you lose, you hope to get your money back, and when you make money, you want to make more money. The mind is constantly struggling. For novices who are just learning to trade in currency, it is extremely undesirable to have the mentality of not selling without making money. With such a mentality, the fate of failure is almost doomed.
