Friends who have been trading cryptocurrencies for so many years and haven't made a million yet, listen to me. If you follow these ten pieces of advice and still don't see results, come find me!
1. If you don’t have much money, you need to be frugal. In a year, just seizing one major uptrend opportunity is enough. Don’t always operate with all your funds; keep some cash on hand just in case.
2. Your understanding determines how much you can earn. If you don’t understand, you won’t make money. Simulated trading is good for practice, but trading with real money can be psychologically stressful.
3. If you encounter good news and didn’t sell on the same day, you need to quickly withdraw when the price opens high the next day. Once good news is out, everyone thinks about selling, and the price will naturally drop.
4. As holidays approach, reduce your position a week in advance, or simply don’t sell. The market becomes inactive during holidays, and prices can fluctuate wildly.
5. For medium to long-term trading, you need to have cash on hand. When the price rises, sell a little; when the price drops, buy a little. This way, you can lower your costs and adjust your strategy anytime. $ETH
6. For short-term trading, find those cryptocurrencies that are actively traded. If you buy a cryptocurrency that has no trading activity, you can easily get stuck. $BTC
7. Remember this rule: those that fall slowly will generally rise back slowly; those that fall sharply will usually rebound quickly. #币圈
8. Stop-loss is very important. If you made a wrong purchase, admit it and quickly stop-loss. Don’t think about waiting for the price to come back; preserving your principal is key. #币圈暴富
9. For short-term trading, frequently check the 15-minute candlestick charts and combine them with KDJ indicators to find buying and selling points. Especially when KDJ indicates overbought or oversold, the signals are very accurate. You also need to look at indicators like MACD and RSI. #比特币
10. Don’t learn too many techniques; mastering a few is enough. #CPI数据来袭
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