I just had a chat with a big man who trades in cryptocurrencies. He said that he entered the cryptocurrencies with 200,000 yuan, suffered heavy losses, and only had 20,000 yuan left. Now his assets are tens of millions. The factor that changed his fate is that he kept learning and continuously improving his cognition. He also summarized 5 experiences, which are very valuable. I hope that friends who read them can get inspiration from them! ! ! !
1. Don't rush to stop loss when there is a sharp drop in the early trading. Usually this is the result of overreaction to the negative news the night before. You can patiently wait for the repair and reversal of the market in the future. Don't blindly chase the rise when there is a sharp rise at the end of the trading. Some main players like to test the market and lure more operations. They often open low and suppress to absorb funds the next day.
2. Cleverly use the practical technical indicator of trading volume. The volume can reveal the direction of the future market. The continuous rise of shrinking volume indicates that the main force has a strong ability to control the market; the decline of shrinking volume means that the panic has not yet emerged and the market freezing point has not yet arrived, so it will continue to fall.
3. Learn to observe the top structure of the sector. Generally speaking, the sector market is composed of five waves. The first wave will attract followers, the second wave will adjust the market, the third wave is the main rising wave, the fourth wave is complex and there are differences, and the fifth wave is to lift and pull shipments. In this process, the third wave has the largest increase, the first wave is second, and the fifth wave is the smallest. However, the market situation is fickle, and it is not uncommon that there may be a premature death without the fifth wave, so it cannot be applied mechanically. When it is found that the leading stocks of the sector are stagnant, the compensatory market no longer has the previous strength, and it is likely to have reached the top.
4. Every time Bitcoin is in the top acceleration stage, you will see a sharp rise in the altcoins of a certain sector, which will lead to a reversal of Bitcoin. Just check whether the performance of the major leaders has stopped falling and rebounded, then the index will rebound later.
5. Only by focusing on one thing can you get started better, especially for novice friends who have just entered the market. Studying a style of play and mastering the skills will gain more than learning all kinds of skills at the same time. Greed will lead to loss, and it is easy to be taught a lesson by the market if you are not good at learning. Don't switch modes at will, calm down and study, and you will gradually get better. After achieving stable profits, learn more skills to achieve a thorough understanding.
