For beginners who want to make their first pot of gold in the cryptocurrency circle, the following points need to be focused on:
Key point 1: Stop loss and stop profit. The essence of cryptocurrency trading is trading and speculation, and you cannot just hold positions. Don't be greedy when you make a profit, don't be reluctant when you lose money, and sell decisively when the trend is not good.
Key point 2: Don't seek extreme highs and lows. The highs and lows of the market are extremely difficult to accurately locate, and ordinary people can operate near the bottom and top areas.
Key point 3: Judgment of volume and price coordination. Be wary of situations where there is no volume increase or a new high without volume. This is a signal that the main force is shipping and the rise is weak. Don't blindly chase the rise. It's better to miss it than to make a mistake.
Key point 4: Quick response. When there is information, you should quickly lock in favorable sectors and companies. If you can't keep up with the first echelon, you should participate in the second echelon in time to gain benefits.
Key point 5: Learn to rest. The main rising wave of the coin price rise lasts for a short time, and you must grasp it accurately. You can take a proper rest at other times and control the rhythm.
Key point 6: Seize the opportunity of a sharp drop. The sharp drop can be regarded as the biggest positive for the market, and there are often greater opportunities hidden afterwards. To overcome human weaknesses, be greedy when everyone is afraid, and choose high-quality positions to build positions at the right time.
Although these six points seem simple, it is not easy to actually implement them because they involve overcoming human weaknesses, and this is related to whether you can earn 5 million in the cryptocurrency circle.