If you want to do big business with a small amount of capital, here are a few tips:
1. Pick coins: follow the hot and strong coins, and don't touch those unpopular coins that no one pays attention to. Look for coins that have risen less than 7%, so that you can follow the pace of the big guys.
2. Trading cycle: short-term operation, just like fighting guerrilla warfare, enter and exit quickly, don't drag your feet.
3. Trend is king: don't be afraid because the price is high, or buy because the price is low, follow the trend, don't scare yourself.
4. Position management: The initial position is controlled at 20% to 30%. If the market is good, slowly increase the code, but don't add too much at a time. It should be like a pyramid, with a large bottom and a small top.
5. Moving average indicator: The 10-day moving average is the main operating line. When the price pulls back here but does not fall below, it is a good time to get on the bus.
6. Review: Remember to save transaction records and analyze the reasons for each loss, such as entering the market too early, being too nervous, holding for too long, and having too large a position, so that you can continue to make progress.
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