How to play spot trading? Understand these points and win in a stable way!

Spot trading, to put it bluntly, is buying coins with real money. It is simple and direct, but to do it well, you also need to talk about some skills. Many newcomers always think that spot trading is simple. Isn't it just buying and waiting for the rise? In fact, there are many tricks in it.

1. Don't bet heavily

Although spot trading is stable, it doesn't mean you should put all your money in at once. The market may fluctuate at any time, especially in a bear market, which will make you doubt your life. Remember, always leave yourself a way out, enter the market in batches, and don't ask for a full meal at one time.

2. Master the support and resistance levels

The timing of buying is very important. Don't chase it when you see it rise, and don't panic when you see it fall. Learn to look at the support and resistance levels, buy at the support level, sell at the resistance level, don't rush when the market fluctuates, and wait patiently for opportunities.

3. Long-term trading is easier than short-term trading

The long-term winning rate of spot trading is high. Find those potential projects, hold them patiently, and don't be scared by short-term ups and downs. Many people do short-term trading and watch the market every day, but in the end they find that it is better to make more money in the long term.

4. Don't operate frequently

Frequent buying and selling will only make you busy and the handling fees are not small. In many cases, the more you operate, the more you lose. Identify the trend, determine the buying and selling points, don't be too anxious, and keep a steady mind.

5. Learn to stop profit and stop loss

In spot trading, never hold the mentality of "getting rich overnight". Take profit in time when you earn the target income, and don't wait until the price falls back to regret. Similarly, leave the market decisively when it falls to the stop loss point, don't hold on to it.

6. Market sentiment is critical

Sometimes the market fluctuations are not caused by the project itself, but driven by emotions. Pay attention to the changes in market sentiment, especially when FOMO, it is often the time for retail investors to take over, and you need to be calm at this time.

Although spot trading has relatively low risks, it also requires strategy and patience. Don't always think about catching every wave of the market, but learn to make the best choice at the right time. Only by knowing how to enter the market in batches, set reasonable profit and loss targets, and stay calm can you survive longer in the cryptocurrency spot market.