Some may say that short-term trading is speculation!
First of all, it must be said that short-term trading is not speculation. Genuine short-term trading is an investment behavior that relies on mastering certain market operation rules and requires strong skills.
Short-term trading actually tests a person's skills and patience.
Those who are proficient in short-term trading must have seen many candlestick charts, studied their trends, and summarized general patterns. The patterns referred to here can only be a concept based on probability; there cannot be completely accurate judgments, as the entire market unfolds across multiple dimensions such as emotions and information, with emotions being the hardest to predict. Therefore, we can only attempt to make rough judgments.
How exactly should we do it?
We need to learn to summarize historical trades and identify the conditions under which certain trends emerge.
In the midst of this, the role of the candlestick chart is indelible. It reflects not only the fluctuations of short, medium, and long-term but also the most macro aspect.
The candlesticks of these altcoins have been falling since the beginning, with basically no fluctuations, sliding down like a slide, giving the retail investors no chance to escape.
From their candlestick charts, it can be seen that the big players no longer hold a large number of shares; these shares are concentrated in the hands of retail investors, so no one is pulling the market, and it has basically become an inheritance.
Many retail investors trade these coins, moving from short-term trading to medium-term, from medium-term to long-term, and from long-term to inheritance.
As newcomers in the crypto world, we need to pay attention to a few points:
1. First, ensure the probability of success, then consider the frequency of action. Pursue quality before quantity.
In the process of short-term trading, we must take it step by step. The principle is to avoid large losses.
2. Be content when making money and be rational when losing money.
Trading cryptocurrencies is actually an art of regret; we cannot demand too much from ourselves.
3. Practice leads to true knowledge. If there are experts to guide you, consulting them will lead to faster progress.
If we can achieve the above three points, then at least as investors, we won't lose direction in the crypto world!
