How to reduce losses in digital currency trading? Six practical strategies are coming!

1. Focus on strong currencies. When you are hesitant, the 60-day moving average becomes the key. Actively participate or increase holdings online, and withdraw offline at the right time. This trick has been tried and tested in most cases.

2. In the face of currencies that have skyrocketed by more than 50% in the short term, stay calm and do not blindly chase high prices to avoid panic. On the contrary, choose a low-level layout, the risk is relatively low, and the potential returns may be more considerable.

3. There are often traces before a big rise, such as price fluctuations in a small range of about 10% to 20%, while the trading volume has decreased. At this time, building positions in batches at low levels can often catch the express train of rising prices.

4. Keep up with new market hotspots. The early stage is often the golden period for profit. Seize the opportunity, follow the pace of big funds, and easily realize profits.

5. During the bear market, stay patient and reduce the frequency of transactions for at least half a year. Learning to rest when the market is not good is a must for masters.

6. Conduct self-examination every week, focusing not on profit and loss, but on the effectiveness of the strategy. Stick to the correct strategy and adjust the wrong one in time. With perseverance, your digital currency trading journey will become more and more stable.