Trading cryptocurrencies is not easy. If you want to make big money, you need to understand these key points!
A qualified cryptocurrency trader should not only understand economics, track news, and be aware of policies, but also analyze the fundamentals and technical aspects of cryptocurrencies. More importantly, one must balance their own fears and greed and withstand the market's volatile fluctuations. Most survivors in the crypto world have gone through trials.
Three golden rules for making money:
Control your position; do not exceed 50%. Balance offense and defense; being fully invested carries great risks.
When a cryptocurrency rises 2 - 3 times, sell half to recoup your investment, then let the remaining profits run. After reaching your target price, sell slowly, keeping 10% as a reserve.
When the market is wildly chasing prices, sell in batches; what you hold is wealth.
Three essential secrets for trading:
Choose reputable large platforms like Huobi; do not put your funds on small websites.
Be cautious with crowdfunding coins; many are traps, understand clearly before making a decision.
When the market is sluggish, be cautious with short-term operations; for long-term investments, consider the top 20 quality coins globally, enter with half your position, control risks, and stop-loss as needed.
Key points: Don't follow the crowd! Newcomers should not panic and sell just because someone in the group says to "dump"; cryptocurrency trading requires your own judgment.
As a seasoned crypto investor, I share my experiences and insights for free. Interested in the crypto world but unsure where to start? Follow me to see my tips and help you achieve freedom in this bull market.