Cryptocurrency Trading Insights | Pure Knowledge Sharing🔥
1. Capital Management: With a principal of up to 200,000, capturing a major uptrend once a year is sufficient; avoid frequently going all in, and patiently wait for opportunities.
2. Monetizing Knowledge: Practice on a demo account to develop trading mindset and courage. You can repeatedly fail in a demo, but significant mistakes in a live account are hard to bear; avoid exiting the market due to a single loss.
3. Responding to Good News: When encountering significant positive news, if you haven't sold on the day, be sure to sell at a high on the next day; good news can easily turn into bad news.
4. Risk Control During Holidays: Gradually reduce positions to zero one week before holidays; holidays often come with market downturn risks.
5. Medium to Long-term Strategy: Holding cash is king; buy high and sell low for short-term swings, which gives you the confidence to handle volatility.
6. Short-term Techniques: Focus on trading volume and price patterns; enter when there's high volatility and active trading, and remain observant when things are calm.
7. Rise and Fall Rhythm: Slow declines correspond to slow rebounds, while sharp declines often come with sharp reversals; grasp the rhythm to find good opportunities.
8. Stop Loss to Protect Capital: Acknowledge mistakes when buying wrong and decisively cut losses; preserving capital allows for long-term trading.
9. Short-term Indicators: Keep an eye on the 15-minute candlestick and KDJ to accurately identify buy and sell points.
10. In-depth Research is Key: Cryptocurrency trading is complex; focus on mastering a few aspects deeply rather than trying to understand too much at once.
The cryptocurrency market is highly risky and constantly changing. The above experiences are for reference; I wish everyone successful trading!