📊Some suggestions for newcomers in the cryptocurrency circle📊
1. Don't make orders during the day, it's best to do it at night. First, the impatience during the day affects the order, and second, it is difficult to see the situation clearly.
2. Don't chase orders after making a profit, stop profit. Don't think about making a profit on a second order after making a profit, otherwise it's easy to lose everything.
3. Going long is conducive to shorting, and you must not go short unless it is absolutely necessary.
4. Don't set stop loss and stop profit if you have time to watch the market. This is to prevent slight fluctuations from triggering the stop loss price and causing forced liquidation, affecting greater profits. If you don't have time to watch, you must set it to avoid being pinned and causing a large loss, or even zero.
5. The purpose of making an order is to withdraw money. If you make a profit, transfer a part of it to the capital account regularly, or withdraw it. Because human desires are endless, if you make a profit, you want to make more profit, but you end up investing all the money you earn in the market, and end up losing everything. In addition, don't recharge U after continuous losses, and control your mentality.
6. For short-term long and short positions, look at the one-hour K-line. Go long if the second-level rises, and go short if the second-level falls. When encountering sideways trading, if you can't judge the future trend, look at the 4-hour and 1-day K-lines to decide whether to go long or short. At the same time, set up stop-profit and stop-loss.
7. Don't put your eggs in the same basket. Try to separate funds and make orders in multiple positions and directions.
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