If you still rely on luck and intuition to trade
These methods can increase your win rate by 30%
1. When the market crashes, if your coin only slightly declines, it indicates that there are market makers protecting the price and preventing it from falling. Such coins can be held with confidence, and you will surely reap rewards in the future.
2. For beginners trading coins, there is a simple and direct method: for short-term trading, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it, and sell once it breaks below. For medium-term trading, look at the 20-day moving average; if the coin price is above the 20-day line, hold it, and sell if it breaks below. The method that suits you best is the best; the key is to adhere to it.
3. If a coin's main upward trend has formed and there is no significant volume increase, decisively buy in; continue to hold during volume increases, and hold during volume decreases as long as the trend remains intact. If there is a volume increase and the trend breaks, quickly reduce your position.
4. After buying short-term, if the coin price doesn't move within three days, sell if you can. If the coin price drops after purchase and losses reach 5%, cut your losses unconditionally.
5. If a coin has dropped 50% from its peak and has fallen for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound could occur at any time; consider following it.
6. Choose leading coins for trading, as they rise the most when they are up and resist falling the most when they are down. Don't buy just because the price has dropped significantly, and don't avoid buying just because the price has risen significantly. The most important thing when trading leading coins is to buy at high levels and sell at even higher levels.
7. Trade in accordance with the trend; the buying price is not about being as low as possible but rather about being as appropriate as possible. Don't easily call a bottom during a decline, and abandon those coins that are underperforming. The trend is the most important.
8. Don't let temporary profits cloud your judgment; understand that sustained profitability is the hardest. Review your trades carefully to see if your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained profitability.
9. Don't force trades without sufficient confidence. Holding cash is also a strategy; learning to hold cash is important. Trading should prioritize capital preservation over profit. The competition in trading is not about frequency but about success rate.
