It took 6 years to make 35 million from trading coins, all thanks to the following points. If mastered, they can be applied for a lifetime!
1. Learn to watch the news, learn to interpret market information. When major news hits the market, it is usually when the cryptocurrency prices fluctuate the most, possibly soaring or plummeting. Traders need to make judgments; for beginners, it is recommended to stay on the sidelines when awaiting significant news.
2. Learn to analyze the technical side, master technical indicators knowledge. Learning technical indicators is a long-term accumulation; set a study plan for yourself to learn about moving averages, KDJ, Bollinger Bands, candlestick patterns, volume-price, capital flow, etc.
3. Make a good trading plan. Do not trade frequently, as frequent trading not only incurs high fees but also affects trading mindset, leading to a loss of rational judgment;
4. Implement good risk control. Set stop-loss and take-profit levels when trading, controlling risks and keeping profits and risks within acceptable ranges. When the price reaches the stop-loss or take-profit points, the system will automatically close the position for us, which means selling. Additionally, managing the size of trading positions is crucial; only masters can control position sizes.
Next week, I will guide fans to ambush a project that will surge in the short term, doubling is not a problem.
If you are directionless, you can try to understand this. The same news, strategies, and layouts will be prioritized for fans.
