Be cautious when entering the cryptocurrency circle. Key points for newcomers:
Be careful to avoid impulsive investment: Be wary of radical thinking such as "all-in", "full position", and "all in". Often when you want to attack in a big way, the market may give you an unexpected counterattack.
Recognize the book funds: You invest real money, but it only stays on the books until you sell it. These book funds are not equivalent to the wealth you really own.
The importance of experience: Some experiences and lessons are difficult to understand deeply without personal practice. Even if others emphasize it repeatedly, it may not attract enough attention. Only when you hit the "south wall" yourself will you really understand it.
Learn to invest rationally: Investors who have not experienced deep lock-in, stop loss, or even zero assets will find it difficult to form rational and systematic investment concepts. This is like learning to swim. Only by really getting into the water and experiencing challenges such as choking and fear can you truly master the skills.
Investment wisdom: Market rhythm: It is more important to flexibly adapt to the rhythm of the market than to stick to it for a long time.
Position management: Effective position management is more critical than simple market forecasting.
Investment system: Building a complete investment system is more effective than scattered investment layout.
Clear essence: In-depth understanding of the essence of investment is more valuable than superficial basic research.
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Three strategies for newcomers to the cryptocurrency world
Avoid frequent operations If you are often affected by market fluctuations, check the market frequently, and even affect your sleep quality, then you may be falling into a misunderstanding of speculation rather than investment. Frequent trading not only makes it difficult to bring ideal returns, but may also damage your quality of life and mental health. Real investment should be based on calm analysis and long-term planning, avoiding short-term impulses and gambling mentality.
Try gradually and accumulate experience The cryptocurrency world is a field full of opportunities but also full of risks. Before you have enough experience, it is not recommended to invest a large amount of money at one time. Try with an amount you can afford to lose, so that you can maintain a balanced mentality even in the face of risks. According to your personal investment plan, gradually increase the investment amount, explore and experience in a small, controllable way, which can not only reduce risks, but also gradually accumulate valuable experience.
Diversified income channels In the cryptocurrency world, the way to make money is not limited to simple buying and selling transactions. In fact, there are many other ways to explore, such as participating in early investment in high-quality projects, mining, participating in decentralized finance (DeFi) projects, and in-depth understanding and application of blockchain technology. These diversified channels may bring you more opportunities and benefits. Only by keeping an open and exploratory mindset and finding a way to make money that suits you can you gain a foothold in the cryptocurrency circle for a long time.
For those who are new to the cryptocurrency circle, it is very important to understand the above three strategies. They can not only help you establish the right investment mentality, but also allow you to find a way to make money that suits you in the process of gradually trying and accumulating experience. In the cryptocurrency circle, a field full of opportunities and challenges, only by continuous learning and exploration can you be invincible.
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There is a key point to remember in trading: Don't try to catch the highest and lowest points of the market every time, or cover all levels of fluctuations. This is unrealistic. Compared with accuracy, the rhythm of the market is more important because it reveals the direction of the trend.
Once you have mastered the right rhythm, entering the trade means profit, although the amount of profit may vary. However, if the rhythm is misjudged, losses will inevitably occur. Market trends often have unexpected turns, and many of them are non-standard patterns, which makes it extremely difficult to predict the highest and lowest points at each level.
Short traps usually appear as divergences at the bottom, while long traps appear as divergences at the top. Therefore, we can draw a conclusion: any buying opportunity appears during the price decline, and any selling opportunity appears during the price rise. For large funds, when the operation level enters the divergence stage, gradually buying when it falls and gradually selling when it rises is a more stable and wise rhythm.
Blindly chasing the rise is an unwise behavior, whether at a large or small level. For example, in a 30-minute transaction, you can use the 5-minute or 1-minute callback to find the opportunity to intervene, rather than chasing the rise directly. Chasing the rise is often one of the main reasons for retail investors to lose money quickly. Trading is a long-term business, and even if you succeed occasionally, you cannot guarantee that it will be the case every time. Therefore, staying calm and rational and following the rhythm of the market are the keys to long-term profitability.
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To overcome the mentality of losing control of emotions, you can try the following methods:
Divert attention, withdraw from the microscopic numbers, and focus on the overall trends and dynamics of the market. Avoid being distracted by trivial details, so as to maintain a macro grasp of the market.
Make a clear investment plan and implement it firmly. Don't be easily influenced by the opinions of others. Even if you encounter failure, you should regard it as an opportunity to learn and continue to accumulate experience. Remember, success often belongs to those who persevere and dare to try.
Maintain independent thinking and focus on your own investment strategy. Don't compare your success or failure with others. Everyone's investment experience and background are different. Focus on executing your own plan and don't be disturbed by the wins and losses of others. In this way, you are more likely to achieve long-term and stable returns in your investment.
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I want to share a secret with you: when a person starts to succeed, he often can't keep idle. Success is not easy, and it requires multiple conditions, such as timing, effort and position. The lack of any one of these links may lead to failure. Therefore, we often hear people complain that they are not working hard enough, have serious procrastination or poor execution. But even if you have worked hard, the result may be just a little bit short.
Instead of dwelling on these internal consumptions, it is better to learn to be ready. Because when you really start to succeed, you will find that you can't stop, as if there is an invisible force pushing you forward. At this time, you will encounter unexpected good things, such as friends who have not contacted for a long time will suddenly lend a hand.
Before we have achieved success, we don't have to be too anxious and internally consumed. Maintain a normal pace of life, work hard, and take a good rest. I believe that opportunities will always come inadvertently, but we don't know when it will be. Therefore, let us wait patiently and let everything happen naturally.
If you have been losing money and don't know what to do, you can watch me boil leaves to find me, and come with me to lay out the hundred-fold coin! #美联储利率决策即将公布 #第55期新币挖矿IO