Due to the recent bull market in the currency circle, many newcomers have begun to be enthusiastic about speculating on coins. Newcomers generally do short-term trading, so today I will share with you the skills of short-term coin speculation in the currency circle in recent years. It cannot be said that it is a steady profit, but it is very friendly to newcomers! Let's take a look together!
Short-term trading is regarded by many investors as a high-return investment method. However, high returns are accompanied by high risks, and it is not easy to make steady profits in a short period of time. This article will introduce some practical techniques and strategies for short-term coin speculation to help you navigate the market with ease and achieve profit goals.
Mentality of short-term coin speculation to make steady profits
1. Never trade impulsively
Every time a transaction ends, whether I make a profit or a loss, I am determined not to look back. After the transaction, I close the market chart and don't look at it for a full 24 hours. This is to prevent myself from trading impulsively. We close the transaction because we know what we are doing, and there is no need to jump back in immediately.
2. Don't touch cryptocurrency on weekends
In the cryptocurrency market on weekends, price fluctuations are small and trading volume is also small. In this case, the price trend is particularly difficult to guess. Those big shots can stir up prices by moving their fingers when liquidity is low. We retail investors will suffer losses if we go in at this time.
3. Pick a time to trade attentively
I only sit in front of the computer to trade when I can concentrate. The cryptocurrency market is open 24 hours a day, but we can't stare at it all the time. I have set a trading time for myself, and I only look at the market at that point. This way, I won't keep thinking about the market, I can spend time with my family, and I can do other things.
4. Don't be moved by assets
It's a big problem if you develop feelings for the assets you're trading. Trading needs to be done calmly and not be influenced by personal preferences. Many people like certain altcoins, teams, or projects, which is good for investors, but may be a pitfall for traders.
The most stupid way to speculate on coins: simple 4 steps, almost guaranteed to make a profit
Want to achieve steady profits in the coin speculation field? Here is a simple and efficient strategy that almost guarantees 100% profit.
First, open the daily chart and focus on the coins with MACD golden crosses, especially those golden crosses above the 0 axis, which have the most ideal effect.
Next, switch to the daily chart and only focus on one moving average - the daily moving average. Hold above the line and sell below the line, this is your basic principle.
After you buy, if the coin price breaks through the daily moving average and the trading volume is also above the daily moving average, then buy in full position. When selling, pay attention to the following three details:
1: When the wave rise exceeds 40%, sell one-third;
2: When the wave rise exceeds 80%, sell another one-third;
3: If the coin price falls below the daily moving average, immediately clear all positions.
Finally, and most importantly, if you use the daily moving average as the basis for buying, but the coin price unexpectedly falls below it the next day, then you must sell all of it and do not hold any luck. Although the probability of falling below is very low with this method of selecting coins, we still need to have a risk investment awareness. After selling, wait for the coin price to return to the daily moving average and buy it again.
This cycle repeats itself, simple and clear, easy to get started, and is a strategy that both novice and experienced coin speculators can try.
Simple and practical coin speculation tips to help you make steady profits
1. Invest in batches: Suppose you have 10,000 yuan, divide it into five parts, and only use 2,000 yuan for each transaction.
2. Test the waters: First use 2,000 yuan to buy a coin to test the waters.
3. Add positions when it falls: If the coin price falls by 10%, add another 2,000 yuan.
4. Take profit when it rises: If the coin price rises by 10%, sell a part in time to lock in profits.
5. Repeat the cycle: Keep repeating buying and selling until the funds are used up or the coins are sold out.
Strategy advantage: The advantage of this strategy is that you can calmly deal with it even if the coin price falls. By buying in batches, you avoid the risk of a one-time investment. Even if the coin price drops by half, you are only gradually adding positions. And every time you sell, you can lock in 10% of the profit. For example, if you have 100,000 yuan, invest 20,000 yuan each time, and you can earn 2,000 yuan each time.
Technical aspects of short-term coin speculation to make steady profits
1. Understand market trends
Whether it is short-term trading or long-term investment, understanding market trends is crucial. Short-term trading requires you to react quickly to market changes, so grasping the overall trend of the market can help you make more informed decisions. Using technical analysis tools, such as candlestick charts and moving averages, can help you predict market trends.
2. Set take-profit and stop-loss orders
A key point of short-term trading is to learn how to set take-profit and stop-loss orders. Take-profit refers to selling in time when the expected profit is reached to ensure that profits are pocketed; stop-loss refers to selling when the price falls to a certain level to prevent losses from expanding. Setting take-profit and stop-loss orders can help you control risks and avoid emotional trading.
3. Choose the right trading pair
When conducting short-term transactions, choosing trading pairs with greater volatility makes it easier to achieve profitability. Trading pairs with high volatility have frequent price changes, which are suitable for short-term operations. Generally speaking, emerging currencies and currencies with smaller market values have greater volatility, but the corresponding risks are also higher. When choosing a trading pair, you need to comprehensively consider volatility and risk.
4. Learn technical analysis
Technical analysis is an important tool for short-term trading. By analyzing price trends and trading volume, you can judge the supply and demand relationship of the market and predict price changes. Commonly used technical analysis indicators include MACD, RSI, and Bollinger Bands. These indicators can help you identify buy and sell signals and improve the success rate of transactions.
5. Stay calm and don't blindly follow the trend
In short-term trading, market sentiment fluctuates very violently, which can easily trigger emotional trading by investors. Therefore, staying calm is very important. Not blindly following the trend, not being influenced by market sentiment, and adhering to your own trading strategies and plans are the keys to achieving stable profits.
6. Allocate funds reasonably
Money management is another important aspect of short-term trading. Diversifying funds into different currencies can reduce overall risk. At the same time, avoid investing all funds in a single transaction to prevent huge losses due to market fluctuations. Reasonable fund allocation helps to balance risk and return.
7. Continuously learn and adjust strategies
The digital currency market changes rapidly, and trading strategies also need to be constantly adjusted and optimized. Continuously learning market knowledge, paying attention to industry trends, and analyzing transaction data can help you adjust your strategies in time and improve the success rate of transactions. Maintaining a learning and progressive mindset is an essential quality for becoming a short-term trading expert.
8. Use a demo trading platform
For novice investors, direct real trading may be risky. Practicing with a demo trading platform can help you familiarize yourself with market operations, understand trading rules, and accumulate experience through demo trading. Demo trading can effectively reduce learning costs and give you more confidence in actual operations.
9. Avoid frequent operations
Although short-term trading requires quick reactions, frequent operations may increase transaction costs and reduce overall returns. Reasonably controlling transaction frequency and choosing appropriate entry and exit times can effectively improve transaction efficiency. Avoiding excessive trading and not blindly entering the market without clear signals is the key to maintaining stable profits.
10. Use professional tools and resources
When conducting short-term transactions, using professional analysis tools and resources can achieve twice the result with half the effort. For example, using professional trading software, analysis tools, and paying attention to expert opinions and market dynamics in the industry can help you make more informed decisions. At the same time, joining some professional investor communities and exchanging experiences with other investors can also improve your trading level.
There is a most stupid way to speculate on coins, 200,000 principal earns 20 million, relying on only one K-line to determine the world!
Earning big money requires
1. Buy early
2. Buy a lot (heavy position)
3. Be able to hold on (patience to hold)
See what others can't see, think what others can't think of, and do what others can't do.
Here are a few simple examples of how to make money on Bitcoin:
In 2009, no one had heard of Bitcoin. If you accidentally learned about it and came into contact with it, then your probability of making money is much greater than others. This is seeing what others cannot see;
In 2015, many people began to know about Bitcoin and also came into contact with investing in it; and you did in-depth research and realized the potential and value of Bitcoin's new narrative; then others may eat a 10% rebound and clear their positions happily, but you may be able to eat dozens of times the return. If you think of what others can't think of, you have a greater probability of making money than others;
After 21 years, the crypto market matured, and many smart young people know it, realize its value, and enter this market to pan for gold. At this time, if you want to make a fortune in Bitcoin, you need to have a good strategy and be able to act consistently; those who can do it are one in a thousand, and they deserve to make money. This is doing what others can't do.
For ordinary people, if you don't have superhuman vision and outstanding insights, then making money in investment in the end is actually a contest of mental strength, will, pattern, and patience, so as to maximize the favor brought by good luck. If everyone can make money by pulling up the leverage and tapping more or less, who will give you screws and deliver food?
What most people think of is basically wrong; and what most people do is also basically wrong. If your framework, views, and emotions for thinking about problems all come from the "majority of people", do you think you will have more returns than the majority of people?
K-line combination warfare skills, see the coin market through K-line
K-line combination warfare skills, see the coin market through K-line
Jianghu Sees the Market June 04, 2023 16:10 Guangdong
Choosing a coin is the first and most important step in speculating on coins. Some people like to choose coins based on technical analysis, while others like to choose coins based on fundamentals. Most retail investors choose short-term trading, so choosing a bull coin in the short term is what many people want to learn.
How to read and use the moving average?
1. The moving average gradually flattens out from a downward trend and slightly raises its head upward, while the coin price breaks through upward from below the moving average, which is a buy signal.
2. When the moving average gradually flattens out from an upward trend, and the coin price breaks through the moving average from above, it indicates that the selling pressure is gradually increasing, which is a sell signal.
3. When the coin price is running above the moving average, it is a good time to buy again when it falls back near the moving average and then rises again.
4. When the coin price is running below the moving average, it is a good time to go short again when it rebounds back near the moving average and then falls again.
5. After a continuous surge or sharp drop in the coin price, the distance from the moving average becomes farther and farther, and a divergence phenomenon occurs, which may indicate a reversal or consolidation trend.
6. After the coin price has stabilized and rebounded after falling for a period of time, when the short-cycle moving average crosses the long-cycle moving average from bottom to top (for example, the 5 moving average crosses the 10 moving average), a golden cross appears, which is a buy signal; when the coin price starts to consolidate after rising for a period of time, when the short-cycle moving average crosses the long-cycle moving average from top to bottom (for example, the 5 moving average crosses the 10 moving average), a dead cross appears, which is a sell signal.
Which moving averages are commonly used?
1. Attack Line (5-day moving average)
The main function of the attack line is to promote the price to form an attack posture in the short term, and constantly guide the price to rise or fall.
2. Operation Line (10-day moving average)
The main function of the operation line is to promote the price to continue to rise or fall in a mid-level wave market.
3. Auxiliary Line (20-day moving average)
The main function of the auxiliary line is to assist the operation line, promote and correct the price running force and trend angle, and stabilize the price trend running direction.
4. Lifeline (30-day moving average)
The main function of the lifeline is to indicate the mid-term running trend of the price.
5. Decision Line (60-day moving average)
The main function of the decision line is to indicate the mid-term reversal trend of the price and guide the price to run in a large wave level within the established trend.
6. Trend Line (120-day moving average)
The main function of the trend line is also to indicate the medium and long-term reversal trend of the price, and guide or guide the price to run in a large wave and large level within the established trend.
Today, I will mainly share with you the 13-day moving average warfare that is far stronger than MACD:
The 13-day moving average warfare operation law is "go long above the line and go short below the line", that is to say: enter the market when the market stabilizes above the 13-day moving average. Everything else is fantasy. That is to say, the 13-day line is the starting line, and it is a rest before it is broken. After the 13-day line is broken, the moving average moves upward, and you can operate boldly. After the market breaks below the 13-day line, you should clear your position and leave the market.
The important significance of the 13-day moving average in the trading market
The 13-day moving average refers to the market "go long after the K-line successfully breaks through the 13-day moving average from bottom to top, and go short after the K-line effectively breaks below the 13-day moving average from top to bottom". In actual operation, the slope of the 13-day moving average must be observed. If the K-line successfully breaks through the daily moving average, and then the 13-day moving average starts to turn upward, this is a technical pattern of going long with the trend;
If the K-line effectively breaks below the 13-day moving average, and then the 13-day moving average starts to turn downward, this is a technical pattern of going short with the trend. Whether it is the trend formed by the 13 moving average in the weekly chart or the trend formed by the 13 moving average in the 15-minute chart, the 13 moving average is used as the main line of reference for wave operations, but the difference is that the longer the cycle, the more stable it is, and the larger and more lasting the trend market formed.
For short-term investors, not only should they observe the trend and slope of the 13 moving average in the 60-minute chart and 15-minute chart, but also the trend and slope of the 13 moving average in the weekly chart and daily chart, as well as the yin and yang of the K-line. However, the long-term trend determines the short-term trend, and the short-term trend can also change the long-term trend. Therefore, in actual operation, we must look at the long and do the short, not only follow the long-term trend, but also track the short-term trend.
For ultra-short-term investors, the trend formed by the 13 moving average in the 30-minute chart has a certain degree of continuity, and the trend formed by the 13 moving average in the 60-minute chart is more operable, but it must be combined with the MACD indicator and the 34 moving average to achieve more accurate results. When the 13 moving average is running above the 34 moving average, as long as the MACD forms a golden cross, a red column starts to grow on the zero axis. When the K-line breaks through the 13 moving average and then pulls back, it can be long at low positions when it closes above the 13 moving average. Subsequently, as long as the 5 moving average successfully crosses the 13 moving average, it enters the upward wave; when the 13 moving average is running below the 34 moving average, as long as the MACD forms a dead cross, a green column starts to grow below the zero axis. When the K-line breaks below the 13 moving average and then rebounds, it can be short at high positions when it closes below the 13 moving average. Subsequently, as long as the 5 moving average successfully crosses below the 13 moving average, it enters the downward wave.
The significance of the 13-day moving average is that the cycle is not too long, so it can truly reflect the closest trend of the K-line. In terms of cycle combination, the 13-day moving average is considered to be a comprehensive cycle. The 13-day moving average is the "life and death line for entry and exit", which is to grasp the wave operation at the daily level;
The 13-week moving average is the "market lifeline", and sometimes it is the general direction of the long-term trend of the market. Therefore, the 13-day moving average is suitable for both long-term investment and short-term investment.
However, in actual combat, the golden cross and dead cross of the MACD indicator should be combined to comprehensively judge the market trend. Only in this way can the probability of success be improved.
In short, the role of the 13-day moving average is a reliable experience that has been verified thousands of times in actual combat and must be reliable. It is a true law that can withstand repeated use. As long as you understand and use it proficiently, you can fully receive the effect of "one moving average".
Let's take a look at the specific candlestick patterns:
Dark Cloud Cover Combination
After a positive line rises in price, a negative line appears, and the negative line causes the price to fall below 1/2 of the previous positive line entity. This combination often appears when the market has risen sharply for a period of time, or even hits a high price, indicating that the market is reversing, and then it will be a downward market
Island Combination
After a period of rising market, a gap-down yin line appears, shaped like an isolated island. This combination, although the closing price of the yin line is still higher than yesterday, already shows the weakness of market participants' mentality and the operating methods of previous profit-takers, indicating that the market outlook is not optimistic
Mainstay Combination
This combination is relative to the "Dark Cloud Cover" combination. After a negative line falls in price, a positive line appears, and the positive line causes the price to rise above 1/2 of the previous negative line entity. This combination often appears when the market has fallen sharply for a period of time, or even hits a low price, indicating that the market is reversing, and then it will be an upward market.
Inclusive Combination
The entities are yin and yang, but today's long entity completely contains yesterday's small entity, indicating that the market will develop in the direction of the long entity.
Candlestick Pattern --- Dawn
Candlestick Pattern --- Bottom
Candlestick Pattern --- Double Flying Swallow
Candlestick Pattern --- Jumping High
Finally, it is essential for short-term operations to maintain a good and optimistic attitude. It can even be said to be one of the key factors for the success or failure of short-term pursuit. The most important thing is to maintain rationality, a good attitude, and not blindly follow the trend of coin speculation. Listen to the rumors. Success requires your own efforts and climbing up step by step!
Summary
Although short-term coin speculation has the potential for high returns, it also comes with high risks. To achieve stable profits in a short period of time, you need to comprehensively use a variety of strategies and techniques. From understanding market trends, setting take-profit and stop-loss orders, choosing the right trading pairs, to learning technical analysis, staying calm, not blindly following the trend, to allocating funds reasonably, continuously learning, using demo trading platforms, avoiding frequent operations, and using professional tools and resources, every link is crucial.
The above is the coin speculation short-term steady profit method and skills shared by the script home editor. I hope this article can help you have a better understanding of short-term coin speculation. I hope you like it!
