Want to make money trading cryptocurrencies as a beginner? Remember these 6 points to avoid 90% of the pitfalls!
🧠 1. Play with multiple coins, but don’t get overwhelmed
There are hundreds of coins in the crypto market; don’t try to touch them all. As a beginner, it's enough to focus on 1-3 coins, getting familiar with them is more reliable than chasing trends.
📈 2. Don’t act impulsively when prices soar or plummet
Don't impulsively increase your position during a surge, and don’t panic sell during a drop. It's during extreme market fluctuations that mistakes are most likely to happen. Stay calm; being composed is better than anything else.
💰 3. Don’t go all in, keep some bullets for later
Trading cryptocurrencies is not gambling; keep 30%-50% of your funds on hand. This way, you can buy more during a dip and add to your position during a rise. Don’t let emotions lead you to your own demise.
🎯 4. Set profit-taking and stop-loss levels; run when you've made enough, and accept losses
Don’t think about taking the last bite; set a target, for example, exit after making 20% profit, or cut losses at 10%. Use automatic orders to avoid emotional trading.
📚 5. Understand some technicals; don’t rely solely on "news" for trading
Look at candlestick charts, learn moving averages, and grasp some basic technical analysis. Relying on others for calls isn’t stable; trading depends on your own knowledge.
🐢 6. Don’t buy or sell everything at once; do it in batches for safety
Want to buy 10 BTC? Buy it in several transactions instead of all at once. This way, you won’t fear volatility or worry about buying high or selling low.
🔑 The biggest fear in trading is being led by emotions.
You need to learn to think for yourself and operate calmly; take it slow, and you’ll go far and earn steadily.
💬 Want to make steady profits? Remember this: Stay calm, operate in batches, and understand the trend.#策略交易