Multiplying your trading capital in a bullish market requires strategy and discipline. Here are ten valuable tips to help you achieve your goals.
*1. Wait, Don't Take Full Risks*
With small capital, focus on waiting for the right opportunities rather than taking full risks. Achieving a 30% increase in popular coins a few times can be sufficient.
*2. Prioritize Not Losing*
Practice not losing money before learning how to profit. Start with a demo account to stabilize your mental state before moving to a real account.
*3. Beware of News Traps*
Be cautious of "news traps" where good news can lead to bad outcomes. Professional traders know how to use good news to take profits.
*4. Pre-Holiday Caution*
Statistics show that the chance of a decline in the week before a holiday exceeds 70%. Reduce your positions or stay out of the market during holidays.
*5. Medium and Long-Term Investment*
Always keep some ammunition by not spending all your tokens at once. Sell in batches when prices rise and buy in batches when they fall.
*6. Short-Term Trading Focus*
Focus on momentum in short-term trading. A sudden increase in trading volume and breaking resistance can signal a buying opportunity.
*7. Sharp Decline Opportunities*
A rapid decline with low trading volume can be a knockout blow, and a rebound may be near.
*8. Stop-Loss Discipline*
Stop-loss should be quick, while profits should be slow. If your capital loses 50%, you need to gain 100% to compensate.
*9. KDJ Indicator Tool*
Use the KDJ indicator on a 15-minute timeframe for short trading. Buy at golden crosses and sell at deadly crosses, filtering out false signals through trading volume.
*10. Mastering Profitable Strategies*
Less is better. Mastering 3 to 5 profitable strategies is enough. The secret to success lies in capital management, not just technology.
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