In the ups and downs of the cryptocurrency world, I have spent 10 years:
From the initial investment of 50,000 yuan to now being able to support my family through trading cryptocurrencies, I have experienced countless twists and turns along the way.
Today, I am willing to share the hard-earned experiences of these years, hoping to provide you with some insights as you strive on this path.
First of all, capital management is crucial. I always insist on dividing my capital into several parts, investing only a small portion for trading each time.
The benefit of this approach is that even if I make a wrong judgment, it will not have a significant impact on the overall capital.
At the same time, I strictly set stop-loss points; once reached, I decisively exit the market and never cling to the position.
This prudent operating method allows me to remain calm during multiple market fluctuations, avoiding falling into deep traps.
Secondly, the importance of following the trend; in the cryptocurrency world, the trend is everything.
During a decline, every rebound may be a false signal to lure buyers.
During an uptrend, every pullback may be a good buying opportunity.
Learn to follow the market trend and not easily go against it; by doing so, I can capture profitable opportunities in multiple trades. Furthermore, always remain vigilant towards cryptocurrencies that experience short-term surges.
These types of currencies often carry extremely high risks, and if you miss the best buying opportunity, it is easy to get trapped at high prices. Focus on those cryptocurrencies that rise steadily and have great potential; they may not make you rich overnight but are stable and reliable. During the trading process, use technical indicators to assist in judgment.
MACD, volume-price relationship, etc., are tools I frequently use. They help better grasp the market rhythm and find the best timing for entry and exit.
Persist in reviewing trades, summarizing and reflecting on them daily, and continuously optimizing my trading strategies. Trading should avoid blindly following the crowd.
Everyone has their own trading style and rhythm; you cannot blindly imitate others. Only by finding a trading method that suits you can you establish yourself in the cryptocurrency world.
I hope these experiences can help you, allowing you to avoid detours on this path and gain more composure and confidence.
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