Ten Essentials of Cryptocurrency Trading
1. When the amount of funds is limited, just capture the key annual growth trend, avoid continuous full positions, and be steady.
2. Cognition determines the boundaries of wealth. First, hone your mentality and strategy through simulated transactions. The tolerance rate of real transactions is low, so be cautious.
3. When encountering major positive news, do not withdraw on the first day, and be sure to ship out on the second day when it opens high, because positive news often comes with the risk of cashing out.
4. On the eve of major holidays, plan to reduce or clear positions in advance. Historical data shows that the market fluctuates greatly before and after the holidays.
5. The essence of medium and long-term strategies: maintain liquidity, reduce weight when the price is high, absorb when the price is low, and maximize returns through rolling operations.
6. Short-term transactions focus on high trading volume and active graphics, avoid unpopular currencies, and keep up with market hotspots.
7. The rhythm of decline determines the speed of rebound: slow decline leads to slow rise, and sharp decline may indicate a rapid rebound.
8. Admit mistakes quickly, stop losses ruthlessly, and the safety of principal is the first priority of investment.
9. Short-term trading must see the 15-minute K-line, KDJ indicator helps you find the right time to trade.
10. There are many techniques for trading coins, just select a few to master, and you can't chew too much, and you can go far only if you focus.
If you have been chasing ups and downs, often trapped, and don't have the latest news in the coin circle, friends who have no direction, click on the avatar to follow me, more information on the homepage, bull market strategy escape skills to screen potential coins logic.