After more than ten years of experience in the cryptocurrency industry, I have carefully extracted the following ten truths of cryptocurrency trading. If you have been trading in cryptocurrency for more than a year but have not yet reached the million threshold, please carefully read these dry goods. If you still have nothing to gain, I am willing to take this responsibility.
1. If the amount of funds has not yet reached the 200,000 mark, do not covet the profit of a full warehouse. It is rare to accurately capture a wave of main rising waves every year.
2. As everyone knows, wealth is hard to find outside of cognition. First, hone your character and courage with a simulated market. What's wrong with losing in a simulated battle? But in actual combat, a setback may mean a complete loss, and even make you want to retreat and stay away from the market.
3. Good news is pouring in. If you don't ship on the same day, remember that when the next day opens high, it is the opportunity to leave. The realization of good news often heralds the arrival of bad news.
4. On the eve of every festival, be sure to reduce or even clear your position a week in advance. The wheel of history tells us that during holidays, the decline in currency prices seems to have become a law.
5. For medium and long-term layout, you need to have sufficient cash in hand, and sell decisively when the price of the currency rises, and buy back bravely when the price drops. Rolling operation is the best strategy.
6. For short-term fighting, trading volume and graphics are the key. Only those with active graphics are worth a try; those that are dull like dead water should not be easily involved.
7. If the downward trend tends to be flat, the rebound will also be long; when the decline accelerates, the rebound will also be like a shadow, fast and fierce.
8. Admitting mistakes is a manifestation of courage. When buying the wrong thing, be sure to stop the loss in time and keep the principal, so that you can be invincible in the currency circle.
9. For short-term operations, the 15-minute K-line chart is indispensable, and the KDJ indicator is like a beacon, illuminating your buying and selling path.
When the callback is waiting, I will take everyone to buy the bottom and layout the spot to aim at the profit opportunities of those copycat coins.
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