If you want to do big business with a small capital, here are a few tips:
1. Coin Selection: Follow the popular strong coins, avoid those obscure coins that no one pays attention to. Look for coins that have risen less than 7%, this way you are following the footsteps of the big players.
2. Trading Cycle: Short-term operations, like guerrilla warfare, enter and exit quickly, don't get bogged down.
3. Trend is King: Don't be afraid because the price is high, or buy just because the price is low; follow the trend and don't scare yourself.
4. Position Management: Keep the initial position between 20% to 30%. If the market is good, gradually increase your position, but don't increase too much at once; it should be like a pyramid, wide at the bottom and narrow at the top.
5. Moving Average Indicator: The 10-day moving average is the main line for the big players. If the price retraces to this level but doesn't break below it, it's a good time to enter the market.
6. Review: Remember to save your trading records and analyze the reasons for each loss, such as entering too early, being too nervous, holding too long, or having too large a position, so that you can continuously improve.
