Not making money trading coins? 10 tips to help you break through
Still troubled by not making money trading coins? Follow these 10 tips and you'll definitely turn things around!
1. Capital management: If you have little money, don’t mess around; just catch one big rise in a year. Don’t go all in; keep cash for averaging down.
2. Understanding trading: Don’t touch coins you don’t understand; simulation and real trading are different, learn well before investing money.
3. Cashing out on good news: If you didn’t sell on the day of good news, quickly run away the next day when it opens high; don’t be greedy.
4. Risk aversion during holidays: Reduce your positions a week before the holidays; the market is very volatile during holidays, don’t take risks.
5. Medium to long-term strategy: Operate on a medium to long-term basis; buy on dips and sell on rises, reducing costs while remaining flexible.
6. Short-term coin selection: For short-term trading, only play with popular coins and stay away from those with low trading volume to avoid getting trapped.
7. Rise and fall patterns: Coins that decline slowly are likely to bounce back, while those that drop sharply tend to rebound quickly; don’t be greedy.
8. Decisive stop-loss: If you bought the wrong coin, don’t hold on; cut your losses in time, preserving your capital gives you a chance.
9. Short-term indicators: Look at the 15-minute candlestick chart, and use KDJ, MACD, and RSI to determine buy and sell points.
10. Technical specialization: Learning two or three technical indicators is enough; mastering them is more useful than learning many.
The key to trading coins is "restraint"; restrain greed and frequent trading.
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