1. If your initial capital is not very large, such as within 100,000, being able to seize a significant market fluctuation once a day is already sufficient; do not be greedy and hold positions all the time!
2. When encountering major positive news, if you don't sell on the same day, remember to sell at the high open the next day. Positive news often turns into negative news upon realization.
3. The news and holidays are also very important. When encountering major events, adjustments (reducing positions or even going to cash) should be made in advance. Historically, major events always bring significant fluctuations in the market. If you can't grasp the direction in advance, then wait for the market to come and follow the trend!
4. The strategy for medium to long term must be to operate with light positions, leaving enough room for operation. A stable operation is the best strategy; do not operate with heavy positions.
5. Short-term trading emphasizes following the trend, entering and exiting quickly. It is taboo to be greedy and hesitate. In a market that fluctuates greatly, look for suitable entry points. If the market is sluggish and inactive, then go to cash and wait patiently.
6. If market fluctuations are slow, rebounds will naturally be slow as well; if market fluctuations are rapid, then corresponding corrections will also be swift!
7. If you enter the wrong position or direction, then promptly stop loss (do not hesitate to hold the position). Stopping loss is a form of profit; preserving capital is the fundamental principle for survival in the market.
8. When doing short-term trading, the 15-minute K-line chart must be observed. The KDJ indicator can help better capture suitable entry points.
9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is still the mindset. A person's mindset is very important; the cryptocurrency circle can easily make you experience great ups and downs. Therefore, adjust yourself well.
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