Friends, today we are going to talk about some practical experience in cryptocurrency trading. We have summarized 8 key points, which are all ideas that can be directly used in daily operations. Let's talk about them one by one.
First, how to use the morning market. At this time in the morning, market sentiment is often purer and there are not so many noises. If you see a sudden sharp drop in prices, don't panic, this may be a good opportunity to pick up bargains at a low price; but if it keeps rising as soon as the market opens, and the rise is quite fierce, then don't be greedy, quickly put the profits in your pocket, and lock in the profits.
Let's talk about the situation in the afternoon. If there is a sudden surge in the afternoon, you have to be calm and don't rush in - this kind of market is often a false fire, and it is easy to be passive later if you take over at a high position. On the other hand, if there is a sharp drop in the afternoon, don't rush to act, wait and see, wait for the trend to stabilize the next day, and then find a low point to enter the market, it is easier to get cheap chips.
Then there is the problem of mentality, especially when it falls. When you open your eyes in the morning and see that the price of the currency has fallen a lot, don't rush to sell it. The fluctuations in the early trading are often a bit confusing. The market changes quickly, and blind operations are easy to make mistakes. If the market has been sideways and there is no movement, don't worry, just take a break, get enough energy and wait for the opportunity to appear.
The rules of buying and selling must also be followed. If the currency in your hand has not risen to the target price in your mind, don't sell it easily. In fact, it is almost the same as losing money if you make less money; if the currency you want to buy has not fallen to the price you can accept, control your hands and don't buy it, otherwise it is likely to be a bargain halfway up the mountain. When the market is sideways, the trend is unclear. At this time, trading is like a blind man touching an elephant. It is better to stand by and watch.
There is also a classic method, which is to look at the Yin and Yang lines. When the Yin line comes out, it means that the price is adjusting and the chips have become cheaper. This is a good time to buy; when the Yang line comes out, the short-term upward momentum is obvious. At this time, sell it at a high price and get the money in your hands.
