I used a very simple method for trading coins, and my win rate is close to 100%! (A must-read for all new and old coin traders)
1. Don’t be greedy; this mainly reflects in good position management. First, don’t invest heavily; always operate with light positions. Second, think about how much you plan to earn when opening a position; don’t be too greedy, and take profit quickly when you reach your expected profit point. Lastly, make sure to set stop-losses; unless the trend is particularly clear, it is not recommended to hold heavily against the position. $ETH
2. Pay attention to trends; trade when there is a trend, and don’t trade when there isn’t. Look for trends before taking action; not losing is actually considered winning. Regularly pay attention to some important data, such as key meetings in the US, Federal Reserve interest rate hikes and official speeches, non-farm employment data from the Federal Reserve, and CPI data.
3. Don’t think you can make money every day, every hour. The operations that can truly make money may only take about 5 minutes; the rest of the time is free to do other things like playing games, working, or just relaxing. Avoid frequent operations as it doesn’t make much sense. You can pay attention to the market or monitor the charts, but definitely trade less. If you aren’t sure about the market, you can enter with 1% of your position or even wait with no position until the market stabilizes. #币圈
4. Regarding stop-losses, if the market is not favorable, you should stop-loss immediately; otherwise, holding a position can easily lead to impulsive decisions and mistakes. If you are holding a position and think the loss is only temporary but are worried about liquidation, you can reduce your position size as a stop-loss action. The stop-loss amount for each day or each time should be reasonable and acceptable to you. For example, if you average a profit of 100 US dollars per day, then you can set your stop-loss at 100 US dollars each time; multiple stop-losses are fine, and it’s okay to have three consecutive days of stop-losses. #币圈暴富
5. If you are stuck with a cryptocurrency but your total position is not heavy, you can trade other cryptocurrencies to make money and gradually offset your losses to achieve profits. #比特币
6. Trading requires sufficient patience; you need to wait for the wind to come, for the wind to rise, and for the wind to blow money into your pocket. Trading is actually very simple as long as you can wait; but trading is also very difficult because no one is willing to wait. #BTC重返10万
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