Newbie investors, pay attention! Master the following points to navigate the crypto world smoothly!
1. If your initial capital is not very large, for example, within 100,000, being able to catch a major market fluctuation once a day is already sufficient. Do not be greedy and always hold positions!
2. If there is significant positive news and you don't sell on the same day, remember to sell on the second day if it opens high. Positive news often turns into negative news when realized.
3. News and holidays are also very important. When encountering significant events, adjustments should be made in advance (reduce positions or even go to cash). Historically, major events will lead to significant market fluctuations; if you can't grasp the direction in advance, wait for the market to arrive and follow the trend!
4. The strategy for medium to long-term positions should be to use light positions, leaving enough room for operation. A steady approach is the best strategy; do not operate with heavy positions.
5. Short-term trading emphasizes following the trend, entering and exiting quickly. Avoid being greedy or hesitant. When the market fluctuates greatly, look for suitable entry points; if the market is inactive, wait patiently in cash.
6. If the market fluctuates slowly, the rebounds will also be slow. Conversely, if the market fluctuates quickly, the corresponding corrections will also be swift!
7. If you enter the wrong position, promptly cut your losses (do not hesitate to hold on). Cutting losses is a form of profit; preserving capital is fundamental for survival in the market.
8. When trading short-term, always refer to the 15-minute candlestick chart. Using the KDJ indicator can help you better capture suitable entry points.
9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is your mindset. A person's mindset is crucial; the crypto world can easily make you feel the highs and lows, so adjust yourself accordingly. A good mindset already surpasses most people in the crypto space.