Binance's space last night was amazing!!
As a class representative, I suggest all trading newcomers listen to the live stream of boss Sisi @sisibinance and teacher "Don’t Understand" @butaidongjiaoyi, you will benefit a lot.
A real trader is not someone who shows off profits without actual trading, today playing with this, tomorrow playing with that.
True signals are those who can achieve rankings in the Binance trading competition and are willing to share!
I have summarized it carefully and also want to thank Brother Xi @yingbinance for Binance Square and Binance Chinese @binancezh for providing such a great content platform and opportunity.
Let’s reveal the trading essence of "Don’t Understand Teacher" in simple terms:
1. Protect your capital first, don’t touch what you don’t understand!
Your money is your own, don’t throw it around. Coins or opportunities you don’t understand, firmly do not touch! If you make money with altcoins, double it, and first take back your principal, then play with the remaining profit, and don’t feel bad if you lose. Never borrow money to trade! Use spare money to play, less pressure, and your mind will be clearer.
2. Real skills come from losses!
No matter how many books you read or how many indicators you learn, it’s not as good as practicing with real money. By trading with real stakes in the market, you gradually figure out the tricks and find your own path to making money. Start with small amounts, and when you are confident, then invest heavier, and don’t hesitate when it’s time to act.
3. Leverage is a magnifying glass, not a money printer! Use low leverage, don’t gamble with your life! Leverage can make you earn quickly, but it can also make you lose quickly. Honestly use low leverage (5-10 times for short-term Bitcoin and Ethereum, not more than 3 times for long-term; 3-5 times for altcoins is enough). When the coin price is volatile (big fluctuations), leverage should be kept low (preferably not exceeding 3 times). Playing with high leverage is no different from gambling; you will eventually lose everything!
4. Big money and small money have different strategies!
Want to make big money (long-term): like saving money, buy some Bitcoin regularly and hold it without messing with it. Or wait for the once-in-a-few-years bull/bear market transition (for example, buy at the bottom when the bear market is about to end or the bull market just starts, short when the bull market is about to end or the bear market just starts with second-tier coins like Ethereum, Solana). Want to make quick money (short-term): Use small leverage to trade contracts, catching the ups and downs, but you must control your hands and not chase highs or sell low.
Less money (small funds): Don’t stubbornly stick to contracts! Look for newly emerging opportunities, like new gaming coins, new social coins, new meme coins. Discover early, buy cheap, and run when you make a profit! If you really want to trade contracts, divide your money into several portions (for example, 4-10 parts), and losing one part won’t hurt too much.
More money (large funds): Be more stable! You can try automatic trading (quantitative) (especially when the market fluctuates), or do the long-term big cycle investment mentioned above, or continue to dollar-cost average into Bitcoin.
5. Make decisions based on three things: look at charts, listen to news, and think logically!
Look at the charts (technical): You need to know how to read basic up and down signals (like where the support and resistance levels are, whether the trend is up or down). This is basic skill.
Listen to news (information): Use specialized software (like "Jin10 Data") to check the latest news (big events like wars, interest rate hikes), pay attention to reliable big shots' analyses, and join a few useful groups. News must be fast and accurate!
Think logically: Consider why something can rise? Is there any big news? What value does the coin itself have? Is the community active? You also need to see if the market has enough "strength" (for example, if Bitcoin rises by 1%, but Ethereum only rises by 0.1%, then Ethereum is a bit weak). Just looking at charts is not enough, just listening to news is also not enough, you need to combine them to understand why to buy and why to sell! Watching the market for a long time will give you a "feeling" (market sense).
6. Buying and selling have techniques, and running away should be decisive!
Buy/sell points: Don’t chase blindly! Set orders in advance at key positions (for example, if it drops to a certain support level it might bounce back, if it rises to a certain resistance level it might pull back) instead of chasing after it has risen. Before going to sleep at night, you can place a "just in case" order at a particularly high or low position (stop-loss order), if by chance it actually hits that price in the middle of the night, you might get a great bargain (the probability is small, but it doesn’t hurt to try).
Stop-loss (run when losing money): This is your life-saving charm! Think in advance before opening a position, at what point you must run! When it hits the preset loss line (for example, when it breaks an important support level), don’t fantasize, cut your losses immediately!
Take profit (run when making money): If you’ve put a lot of money on the line and made a good profit (for example, doubled), first sell a portion to secure your principal or some of the profits! Set a "breakeven line" for the remaining money, and let it gamble for a bigger profit.
7. Altcoins = high-risk lottery! It’s all about "excitement" and "speed"!
Altcoins are very difficult now: little money, no popularity. For an overall rise, Bitcoin needs to stabilize first, and Ethereum needs to heat up.
Why do new altcoins rise? It depends on whether people are discussing them! **The more people know, the more people hype (community activity, good stories, catching trends), the more likely they will rise** (but they can also instantly drop to zero). When selecting coins, look at two points: Is the community strong (well-managed, high enthusiasm, working together)? **Is there potential for imagination** (compared to similar coins, how much is it worth now, think about how high it can go? For example, animal coins that haven’t been listed on major exchanges can at most just be worth tens of millions). How to play? Iron rule: Get your principal back first when doubling! **Don’t go all in! Learn from those who can really play altcoins well.
In summary, play with spare money, protect your capital first, use low leverage, seek stability with big money and speculate with small money, buy and sell based on positions, be decisive when running away, altcoins are lively but you need to act fast, and maintain a steady mindset to last long!
@sisibinance
@cz_binance
@heyibinance
@yayabinance
@moonkimbinance
