Coin Circle Newbie's Guide: These Tips Are Essential to Remember!

Entering the coin circle is not easy, especially for newcomers and those trading contracts. The following tips hope to be helpful to you:

1. Operating at Night is More Calm: During the day, one tends to be restless, and market fluctuations can easily lead to emotional decisions. Nighttime operations are more conducive to calm analysis and reduce distractions.

2. Take Profits When in the Green, Don't Chase Trades: After making a profit, don't be greedy; timely profit-taking is key. Don't let greed ruin the profits you've worked hard to earn.

3. Prioritize the Market, Rely Less on Feelings: Before making a trade, first look at market trends; don’t operate blindly based on feelings. Rational analysis leads to better judgment.

4. Be Flexible When Watching the Market, Set Limits When Away: If you can monitor the market, be flexible to avoid minor fluctuations triggering stop-loss. However, if you leave the market, make sure to set stop-loss and take-profit limits to prevent being caught off guard by sudden market movements.

5. Secure Your Profits: The goal of trading cryptocurrencies is to make money; once you have profits, withdraw or transfer some of it, don’t leave it in your account waiting to be lost.

6. Short-term Strategies Matter: When trading short-term, focus on the hourly candlestick charts and combine with secondary trends to decide whether to go long or short. When encountering sideways markets, use 4-hour or daily charts to judge the direction, and always set stop-loss and take-profit points.

Remember these tips, and you’ll have a better chance of navigating the coin circle more steadily!