If you just entered the cryptocurrency circle, knowing these three points has already surpassed many people!
1. If you are still frequently watching the market, concerned about the price, and unable to sleep at night, then you are probably not investing, but blocking. This is not a good way and will not have ideal results.
2. The cryptocurrency circle may be the world with the most routines. Don't invest a large amount of U before you have enough experience. Use U that you can afford to lose to play with the currency, so that your mentality will not be unbalanced; strictly follow the plan, use a small amount of non-additional funds to take risks and be harvested, and gain experience in the cryptocurrency circle routines. This is the most cost-effective way to spend money to buy experience.
3. The cryptocurrency circle is not the only way to make money by speculating in coins. There are too many roads to explore. The return is always proportional to the investment. I hope you and I can seize this wave of dividends.
Contract Trading Rules If you have been losing money in the cryptocurrency world for more than two years, I advise you to quit as soon as possible because you can't make a living from it.
First of all, let me give you a word of advice: if you want to think about the benefits, you must also consider the disadvantages; if you want to think about the success, you must also consider the failure. When you come to this market, you should first think of ways to protect your principal, rather than thinking about how to double your capital. If it were that easy, everyone would become rich, but it would not be your turn. Secondly, you should integrate knowledge and action. What is the integration of knowledge and action? Every time you open an order, you must have a clear stop loss, a reasonable position to increase your position, and a position that can withstand loneliness and stop profit. Then consider the probability, winning rate, and profit-loss ratio. I will talk about technical strategies later. First of all, I would like to correct your mentality and order-making ideas.
Open opposite positions; in a very obvious one-sided market, your opening price is 1000 short, the market is rising, you can open a long order, short-term 15 minutes, you can open a position opposite to yours, short-term. (Newbies who don't understand the market trend will make mistakes to prevent locking orders and causing empty orders) Learn to reduce positions; when the market trend is not a normal callback, first learn to reduce positions, if it reaches the stop loss position, then stop loss strictly. Learn to increase positions; learn to reduce positions, then you will increase positions to pull the average price, first learn to reduce, then learn to increase. If the market opens an order at 1000 and breaks through the 1065 pressure level, it will not fall back to 1030 in a short time, then add another layer of positions. The average price will be at 1030. If the main market continues to stretch above 1100, you will make twice as much money. At the same time, set position protection at 1035, and always respect the market. The average price is pulled up by the cover order; for a long order of 1000, if the current price drops to 900 and does not fall below your stop loss line of 850, then you can add to your position at 900. When the market rebounds to 920, 930, and 950, you can deduct the amount you added to your position at 900 in sequence. Although you are losing money at the moment, you have lowered the average price. You can treat the amount deducted from 920, 930, and 950 in sequence as a new order opened at 900. This will make you feel more comfortable. If the market rebounds to 1000, your entire order will make money. Therefore, you must learn to reduce your position before adding to it.
Speaking of mentality, if the position you open at one time is 10% or 20%, if the market is going in the right direction, you may double your money after 4 orders, but your mentality should be tense. Short-term success will make you feel lucky and develop a bad habit of all-in. You will also resist losses and fail to hold on to profits, resulting in small profits and big losses. Reflect on it, if the position is not heavy, will your mentality be better? Learning to hold orders for a long time in trading and using time to exchange space will also increase the winning rate.
The second is strategy, that is, technical indicators. In which range to make orders, where is the bottom and where is the top, follow the trend and look at 15, 1 hour. 4 hours, daily line, or weekly line. At this level, it is recommended to do the first and second stages well first, and then study technical indicators.
Then there is short positions. You need to learn to short positions to keep yourself out of trouble, so that you can better capture profit opportunities, escape the top, and have more opportunities. Don't let holding positions affect your judgment ability.
Trading skills Learn to stop loss; within a certain period of expected market conditions, if the market conditions go bad, then strictly stop loss, protect the principal, and find a new position to enter the market. Batch profit-taking; a long order of 1000 can be divided into multiple stop-profit positions at 1050, 1075, 1095, and 1125 to take profit and gain more profits. Position protection: when making a profit, you can set the opening price to prevent yourself from being trapped in your order due to lack of time to watch the market. Rolling position; you can increase or decrease positions in the consolidation range and keep part of the profit in your pocket. For example, if you open 10 long orders at an average opening price of 1000 and the market is hovering at 1050 and has not yet broken through the pressure level of 1065, you can reduce 5 of them and keep half of the profit in your pocket. When the market falls back to 1020 and 1010, add these 5 positions back in turn.
My humble opinion Contract trading rules If you have been losing money in the cryptocurrency circle for more than 2 years, I advise you to quit as soon as possible, because you can't eat this bowl of rice.
First of all, I would like to give everyone a sentence. If you want to think about the benefits, you must consider the harm; if you want to think about success, you must consider the failure. When you come to this market, you should first think about how to protect your principal, instead of thinking about how to double your wealth. If it is so easy, everyone will get rich, but it will not be your turn. The second is the unity of knowledge and action. What is the unity of knowledge and action? Every time you open an order, you must have a clear stop loss, a reasonable position to increase your position, and a position that can stand loneliness and stop profit. Then consider the probability, winning rate, and profit and loss ratio. I will talk about technical strategies later. First of all, I will correct your mentality and the idea of making orders.
My current idea of trading is to use the Martingale and Martingale grids, and then the technique is to use low income with high probability, rather than high income with high odds in normal contracts, because low income with high probability puts relatively less pressure on traders and requires a lower accuracy rate in market judgment, and a higher tolerance rate, which means that the winning rate will be higher, and a higher winning rate means that a small amount will become a large amount.
First, leverage Second, position Third, mentality Fourth, strategy Fifth, short position
Don't underestimate leverage, it starts at 100 times or 125 times. Simply speaking, 100 times, if a currency falls by 2%, then you will lose 200%. So try to choose a multiple that suits you. Now the market is better and the exchanges are more formal, and there are fewer things like slippage, so I won't talk about this. As for the position, I suggest you divide your position into 100 or 500, or even 1,000. For the first opening, only open 0.1% or 0.2%. When the market is in the expected direction, you can try to increase your position to adjust your position, so that your average price is in a better position, or increase or decrease your position between each market to make a profit. If a market is not bad when your position reaches 2-3%, then you may have a profit in a callback. Then, you need to have a clear stop loss position when holding positions within the predicted market to prevent black swan events.