How can a novice get into the cryptocurrency circle?
Spot thinking:
From a theoretical analysis, in any time period in 2024, it is best to be in the callback stage. The callback is inevitable, but no one can predict when it will happen.
Build positions in batches of 50%~100%, BTC spot.
At this time, you have a position, and you don’t have to worry about the rise of the big cake. If it plummets by 50%, you are spot, so you should think about replenishing your position instead of cutting your meat. Don’t have the mentality of a leek. The rise and fall are closed, so don’t be afraid of heights.
At least hold it until the end of 2025, at least, because by that time you are no longer a novice, and you can decide whether to stay or go.
During this period, you can adapt to the specific situation of the big cake. For example, if it rises to an exaggerated degree, you can choose to close a part of it, of course, you can continue to hold it; or when the callback strength exceeds 30%, replenish your position.
At any time, if you encounter a callback of more than 50%, please do not hesitate, and you can even place many orders in advance near 50%.
With the current market, you can even ignore any technical indicators, fundamentals, or trading systems. In a sense, not looking at fundamentals can make you pure and live a good life. You only need to start from reading this article, build positions in batches, and hold on.
Futures thinking:
Newbies are like blank sheets of paper, and futures are not recommended.
If you are determined to do futures, keep at least 70% of the spot position. Then learn futures-related knowledge crazily. It is best to trade in the form of simulated trading. If you must use real trading, you must control the position within 5% to do futures trading. You can read my article about futures.
Mentality management:
1. If your cognition and basic theoretical knowledge are not solid enough, try not to do futures. Because spot will be easy and easy to make profits for a long time in the future, even if you are a novice.
2. Don't change the target frequently. Others' targets soared, and your target fluctuated, you went to him, and when you went, he started to fluctuate again, and you changed again. . .
3. Don’t be jealous of others’ huge profits, hold on to your own targets, because this is really normal in the current market.
Finally, let me tell you the ultimate secret. If you understand some basic knowledge, your wings are strong, and you can start to make profits through trading.Try to think in terms of currency. Change your thinking from making money to making coins. Your goal is to increase the number of pie.
In the future, the pie in the hands of more than 95% of people will decrease year by year. Including me, the reasons are various and unavoidable.
Ambush potential coins in advance, how to layout, what varieties to layout, how to maximize the profit strategy, see my homepage introduction.
