If you really don't plan to leave the cryptocurrency space in the next three years and aim to make it your primary profession, please remember the following 10 operational insights; you will thank me after reading them!

1. Short-term Trading of Cryptocurrencies. This is the most common approach in contracts and the first method for newcomers entering the cryptocurrency space. This approach carries high risks and often relies on luck to generate profits, and usually the profits are not enough to cover a single loss.

2. Learn to Take Profits and Stop Losses. Taking profits and setting stop-losses are very important in contracts. The market is highly volatile, and prices can change rapidly. Setting stop-losses allows you to close positions in unfavorable market conditions to prevent significant losses. A good take-profit strategy can better secure profits and prevent losses from market reversals, as well as help control your profit points.

3. Discipline in Trading. In contract trading, your greed, fear, and emotions often get in the way, which is the primary factor for losses. Set your take-profit and stop-loss levels before each entry, maintain a good trading rhythm, and minimize emotional interference with your decisions. Establish a trading plan with a daily trading frequency. Don't think about entering another trade to recover losses after a loss; often, the losses just grow larger in the process of trying to break even.

4. Analyzing Market Conditions. The cryptocurrency market can have either a one-sided trend or a fluctuating trend. Fluctuating trends are most commonly seen during weekends. In this market, it's not suitable for long-term positions; when you have profits, take them and secure your gains. One-sided trends only occur for a period of time, and these are the easiest to trade. Buy on dips and sell on highs to achieve relatively high profits.

5. Analyzing Trends. If you can judge the trend well, you've already won half the battle. You can use daily and weekly K-lines to determine whether the market is in an upward or downward trend. If you chase after rising prices and sell during dips, you will incur losses and eventually leave the market in a miserable state.

6. Position Management and Leverage Techniques. Position management is very important in contracts. For example, if your account capital is 1000, a margin rate of 5%-10% is very good, that is 50-100, so it won't be so easy to get liquidated. The size of leverage is determined by the market conditions. Quick entries and exits with high leverage yield quick returns and high capital utilization. It's best to take profits between 20%-50%. Market conditions change rapidly, so learn to restrain your greed and know when to stop; greedy people often end up with nothing good.

There is a saying I strongly agree with: The boundary of knowledge determines the boundary of wealth; a person can only earn wealth within the limits of their knowledge.

You must maintain a good mindset when trading cryptocurrencies. Don't let your blood pressure spike during a big drop, and don't become complacent during a big rise. It's important to secure your profits.

For those with limited resources, being pragmatic is an unbreakable way to survive. Good luck!

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