In the cryptocurrency world, how can ordinary people improve themselves?
On the journey of trading cryptocurrencies, I started as a small investor with 5,000 yuan and finally made a comeback to become a middle-class individual with 25 million yuan!
Today, I will share my insights from this journey with everyone.
The most important aspect of trading cryptocurrencies is capital management; don't invest all your money at once. I prefer to divide my funds into five parts, only using one part for each trade. This way, even if I incur losses, it won't put too much pressure on me. Additionally, I've set a rule for myself: if I lose 10%, I will withdraw immediately, regardless of the market conditions. If I lose 10% five times in a row, I will only have lost 50%, but if I profit, the returns will be much greater. Even if I find myself in a losing position, I can maintain a stable mindset.
Following the market trend is always the most reliable strategy. When the market is falling, don't think about trying to catch the bottom; that's simply unrealistic. When the market is rising, a pullback is the golden opportunity, and buying on dips is much safer than trying to cling to the bottom.
When it comes to selecting coins, you must have a keen eye. Those coins that surge dramatically, whether mainstream or altcoins, should be avoided as much as possible. Coins that rise too quickly will likely experience significant pullbacks afterward, making it easy to get trapped.
In terms of technical indicators, I use MACD the most. When the DIF line and DEA line cross and break the zero line below, it signals a buying opportunity. Conversely, if they cross above the zero line and start to move downward, it's time to reduce your holdings.
Never attempt to average down lightly! If you incur losses, do not average down; the more you average down, the more you'll lose, and in the end, you may lose everything. Remember, cut losses when you're in the red; only add to your position when you're in profit.
Trading volume is also critical. When the price breaks out from a low level and the trading volume increases, that usually indicates a significant opportunity.
The most crucial point is to go with the trend and seize the momentum! By analyzing the daily line, 30-day line, 84-day line, and 120-day line, you can tell how to operate when any of those lines begins to turn upward.
Trading in the market involves risks but also significant opportunities.
Learn capital management, trend analysis, and how to select coins, so you can make the leap from a small investor to the middle class like I did.
If you don't know how to operate in this market, you can follow me. I have the ideas, you have the execution ability, and there's space #币安HODLer空投TREE #ETH重返3800 #BTC .


