Newbie 10,000 Ventures into the Cryptocurrency Market, How to Play to Survive Stably?
Attention all the newbies who want to test the waters with 10,000! Contracts are not a casino, nor an ATM. To avoid being harvested by the market, these core gameplay strategies must be mastered?
Step One: First, put a 'bulletproof vest' on your principal
Position management rule: Do not open a single position exceeding 5% (maximum 500 for 10,000 principal), and total position should not exceed 20%! Remember, the heavier the position, the quicker the demise; 90% of liquidations are due to heavy positions.
Capital allocation method: Split 10,000 into 5 parts, investing one part in 3 - 4 mainstream coins like Bitcoin and Ethereum, and keep the remaining part as 'emergency funds' for averaging down or bottom fishing.
Step Two: Foolproof trading strategies every newbie must learn
Double moving average strategy: When the 5-day moving average crosses above the 10-day moving average → go long, when it crosses below → go short, combined with volume expansion signals for more stability.
Divergence bottom-fishing technique: Price hits a new low but the MACD indicator is rising? This could be a reversal signal! However, make sure to wait for two bullish candles to confirm before entering.
Step Three: Stop-loss and take-profit are your lifelines
Where to set stop-loss: When going long, set the stop-loss 3 - 5 points below the key support level; when going short, set it above the resistance level.
Take-profit in phases: Take half of your profit at 20% gain to secure it, and set a trailing stop for the remaining position to let profits 'snowball'.
Step Four: Avoid the 3 major pitfalls that newbies often fall into!??????
Refuse to hold onto positions against the trend! If the market is not right, be decisive with stop-losses.
Don’t operate blindly without looking at the fundamentals! Policies and industry news directly affect coin prices.
Don’t rush! Losing can affect your mindset more severely.
When starting with 10,000 to trade contracts, first learn to control risks before talking about making money. Once you form your own trading system, consider increasing your investment~ Remember, surviving in the crypto space is more important than anything else!
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