Starting from contract trading of 10,000, my worth has soared to eight figures. My experience of speculating in cryptocurrencies is as exciting as a novel! Here are some valuable experiences I have summarized:

When the initial capital is not much, such as less than 100,000, it is enough to catch a big fluctuation every day. Don't be greedy, always hold positions, and know when to stop.

When encountering major good news, if there is no shipment on the same day, then you must decisively sell it when it opens high the next day. Because good news is often bad news, don't miss the best time to sell.

The news and holidays also have a great impact on the market. When encountering major events, adjustments should be made in advance, such as reducing positions or even short positions. Because historical experience shows that whenever there are major events, the market will inevitably usher in major fluctuations. If you can't grasp the direction in advance, wait for the market to come and follow the trend.

For medium and long-term strategies, you must intervene with a light position and leave enough room for operation. Steady operation is the best policy, and don't operate with a heavy position to avoid being passive.

Short-term trading focuses on following the trend and entering and exiting quickly. Don't be greedy and hesitate, and look for the right point to enter the market when the market fluctuates greatly. If the market is not active, then wait patiently with empty positions, and don't rush for success.

When the market fluctuates slowly, the rebound is naturally slow; when the market fluctuates rapidly, the corresponding callback is also rapid. Therefore, it is necessary to formulate corresponding trading strategies according to the fluctuations of the market.

If you enter the wrong point direction, you must stop loss in time, and don't hesitate to carry the order. Stop loss is a disguised profit, and keeping funds is the foundation of market survival. Don't lose greater benefits for temporary gains and losses.

There are thousands of techniques and methods for speculating in coins, but the most important thing is mentality. A person's mentality is very important, and the currency circle can easily make you feel the taste of ups and downs. Therefore, keep a calm and rational mentality, and don't be swayed by emotions.