The iron rule that newbies in the cryptocurrency circle must know

1. Only participate in the irreversible upward trend of the market. The market is a fact. The market cannot be questioned or challenged. The trend is irreversible. As an investor, you must dare to admit mistakes, correct them at any time, reject uncertain market conditions, and do those that the dealers must also adapt to. You must know how to go with the flow.

2. Refuse to trade frequently. The casino is open 24 hours a day, so there is no need to open orders frequently. There are many logics such as timing, trial and error, and position control. What we advocate is to wait for the perfect opportunity like a hunter, rather than investing randomly when you see the prey.

3. Don't be superstitious about technical indicators. First of all, we must admit that any technical indicator has its lag. For example, when the MACD indicator sends a golden cross buy signal, in fact, the currency has already risen for a wave, and when the golden cross appears, it is very likely that you are the one who takes over.

4. Forget the cost price when buying. When you start to go short or long, the cost price has nothing to do with any subsequent operations, because whether to sell depends on the market trend and has nothing to do with whether you are still profitable now. If the pattern is good, continue to hold, and if the pattern is bad, reduce the position or even clear the position.

5. Participate with funds you can afford to lose. Using spare money to speculate in coins is risky. Investors can increase their investment after mastering the tricks of making profits in the game. Before that, you must participate with funds you can afford to lose. Borrowing money often leads to bad losses.

6. Make sure to withdraw money on time if there is profit. Without withdrawal, everything is digital. Investors in the currency circle are like gamblers who have not walked out of the casino. Even if they make a lot of money temporarily, they are not considered winners. Only when you withdraw cash from the market and get out can you say that you have the last laugh. In the currency circle, it is a good habit to withdraw money on time.