Some advice for newbies in the cryptocurrency circle
1. If your funds are not large, for example, within 200,000, it is enough to catch the main rising wave market once a year, and don't always operate with a full position.
2. You can't make money beyond your cognition. Use the simulation first to practice your courage and mentality. The simulation can fail many times, but a failure in the real operation may make you annihilate the whole army, or even exit the market.
3. Develop the habit of reviewing to see if the selected currency meets your expectations, and regularly evaluate the assets you hold.
4. If you encounter major positive news, if you don't ship on the same day, you must sell it on the next day when it opens high. The realization of positive news is usually accompanied by risks.
5. Good projects can be held for a long time, but they must be sold at high points. Don't be greedy.
6. When encountering major holidays or events, reduce or empty positions a week in advance, and wait until the last two days before the holiday to enter the market. There are often big red envelopes after the holiday.
7. If a big negative line appears on the daily chart, leave the market decisively the next day unless it is at the bottom of shrinking volume.
8. Pay attention to the coins with large volume at the bottom, which may be the turning point.
9. For medium and long-term operations, keep enough cash, pull up and sell, sell at a loss and buy back, and rolling operation is the best strategy.
10. Short-term trading mainly depends on trading volume and graphics. Do it with active and volatile ones, and don't touch inactive ones.
11. When the decline is slow, the rebound will also be slow; when the decline accelerates, the rebound is usually fast.
12. Carefully compare the trend of the market and individual coins. The trend of the main currency is often different from that of the market, and the trend is consistent without the main force.
13. The currency that has been sideways for a long time suddenly increases in volume and pulls up. Pay attention, this may be an opportunity.
14. If you buy the wrong currency, you must admit your mistake. Stop loss in time is the way to survive.
15. There are many techniques and methods. It is enough to master a few. Don't be greedy.
16. When doing short-term trading, you should look at the 15-minute K-line chart, and combine the KDJ indicator to find a good buying and selling point.
17. The key to distinguishing between washing and shipping is to look at the trading volume. Washing generally shrinks, and large volume usually means shipping.
18. When doing long-term trading, look at the 60-day, 120-day, and 250-day moving averages. Projects with three-line bullish arrangement and performance support are relatively safe.
19. Don't sell the coins in your hands unless they rise, don't buy unless they dive, and don't operate when they go sideways.
20. Don't be greedy when the price rises, and don't panic when the price falls. If you do this, trading will actually be much easier.
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