Basic knowledge of cryptocurrency trading for everyone to take a look
1. Don't mess around with little money! It's enough to catch one big rise opportunity in a year; don't invest all your money, keep some cash as a safeguard, in case it drops, you can buy more.
2. Earn as much as you understand! Don't touch coins you don't understand; practicing with a demo account is fine, but when you buy with real money, the mindset is completely different. Learn thoroughly before taking action.
3. Don't be greedy with good news! If you haven't sold on the same day, if it opens high the next day, sell quickly. Everyone is waiting to cash in on the good news; a high open is a chance to escape, and if you wait too long, you might get stuck.
4. Reduce positions a week in advance for holidays! During holidays, there are no market transactions, and prices can easily surge or plunge. Don't take that risk; it's better to enjoy the holiday than anything else.
5. Remember “buy low, sell high” for medium to long-term operations! Buy in batches when it drops, and sell in batches when it rises; this way, you can lower your cost, and have flexible funds on hand, not afraid of market fluctuations.
6. For short-term trades, only pick popular coins! Don't touch coins with low daily trading volume; if no one is there to take over, you’ll get stuck as soon as you buy. Follow the varieties that move with large funds; good liquidity is the key to making money.
7. Remember this rule: coins that slowly decline are likely to gradually rise again; but if they suddenly crash, the rebound will be quick. You can seize such opportunities, but don’t be greedy.
8. Be decisive with stop-loss! If you buy the wrong coin, don’t hold on stubbornly; recognize your mistake and cut your losses in time. Preserving your capital gives you a chance to recover; waiting for a solution might lead to deeper losses.
9. For short-term trades, look at 15-minute K-line charts! Focus on the KDJ indicator, sell when it reaches the top (overbought), and buy when it hits the bottom (oversold). Combine MACD and RSI for auxiliary judgment; don’t just rely on one indicator.
10. Don't learn too many technicals! Mastering two or three indicators is enough, such as KDJ and MACD. Learning too many can lead to confusion; understanding one indicator thoroughly is more powerful than anything else.
It's that simple; the core is two words: “Restraint” — restrain greed, restrain frequent trading, preserve your capital, and seize big opportunities, which is more practical than anything else!
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