1: If the funds are less than 100,000, only buy one coin; if the funds reach 200,000, buy two coins; if the funds are less than 500,000, you can buy four coins. Even if the funds are more, it is best not to exceed five coins. In the bull market, you need to concentrate your funds to exert a strong force. When the market is not good, you should hold fewer positions, so that you can convince yourself to sell decisively and stop losses in time.
2: The position layout needs to be reasonably planned, and the ratio of mainstream coins and altcoins should be scientifically arranged to maximize profits while avoiding risks. For example, 40% of the position can be used to allocate 10x coins, and 60% of the position can be used to allocate 100x coins.
3: Pay more attention to financial news, especially the cryptocurrency news, and learn some technical knowledge, in order to increase the probability of winning. But more often than not, the trend determines everything: in a downward trend, all rebounds are mostly to lure more; in an upward trend, all declines are mostly to dig a hole. Don't fantasize about buying at the bottom, and don't guess the main force's movements.
4: When you are losing money, set a fixed stop loss level and do not move it down at will. When you are making a profit, keep raising the exit point to prevent profit taking.
5: Think carefully before buying, and execute immediately once you are sure. Be firm and decisive when selling, and have the mindset of letting go. Hesitation will definitely miss the opportunity. (In March this year, the community judged that it had entered a downward and volatile trend, and asked people to sell out. Those who obeyed the community made at least three times the profit. Some friends thought it would rise again, and then they thought about waiting for a rebound before selling when it fell, but they missed the best opportunity).
6: Never use up all the funds in your hand at once, always buy at the bottom in batches.
7: Don’t indulge in short-term trading. The more you trade, the more mistakes you will make. Small fluctuations will disturb your mind. To make big money, you need to follow the trend. Silence can bring wisdom.
8: Don’t buy at the bottom just because there is a big drop. Many times there is no bottom, you just think you have bought at the bottom.
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