I. Cognition and mindset adjustment
・Do not harbor fantasies of becoming rich overnight: Although there are indeed people in the crypto space who have seen their wealth grow rapidly, the majority of participants are at a loss. To profit in this field long-term, having the right mindset is essential.
・Be mentally prepared to bear losses: The crypto market is highly volatile, and beginners often need to pay a certain 'tuition' at the beginning; it might be wise to view these losses as costs that must be borne during the growth process.
・Eliminate emotional trading: Panic selling at low prices and blindly following trends out of fear of missing out are major factors leading to losses. Before trading, establish a detailed plan and strictly adhere to it.
II. Trading strategies and capital management
・Start with a small position and avoid investing all funds at once: Do not invest all funds in the market at once; use a phased approach to build positions to reduce investment risk.
・Use leverage cautiously: For beginners, spot trading should be prioritized. Contract trading is highly risky; it is recommended to try it only after gaining sufficient market understanding and operational proficiency, while avoiding excessive leverage that may lead to liquidation.
・Master the method of setting stop-loss and take-profit: Losses are not scary; what is scary is the unwillingness to stop losses in time. When making a profit, have a clear exit plan and do not miss good opportunities due to greed.
III. Choosing trading platforms and ensuring account security
・Choose reputable exchanges: Platforms like OKX and Binance are relatively reputable; avoid small exchanges to prevent issues such as platform exit scams or lack of fund security.
・Diversify fund storage: For digital currencies intended for long-term holding, they can be stored in a cold wallet, such as Ledger or Trezor; funds for daily trading can be kept on exchanges.
・Pay attention to account security protection: Set a strong password, enable Google Authentication (2FA), and avoid clicking on unfamiliar links for small amounts of funds to guard against phishing attacks.
IV. Master basic technical analysis and trading skills
・Learn to understand K-lines, moving averages, MACD, and other indicators: These basic indicators can help you judge market trends; if you are just starting out, you can begin with the simplest knowledge.
・Pay attention to market sentiment and capital flow: The trend of Bitcoin plays a decisive role in the entire crypto market; the premium situation of USDT and the flow of capital are also important market signals.
・Familiarize yourself with the characteristics of trading time periods: For example, from 12 AM to 1 AM, the market may experience a 'spike'; from 6 AM to 8 AM, market direction is often clearer; after 5 PM in the US market, the impact on the market can be significant.
V. Understanding market cycles and trending hotspots
・Grasp the rhythm of bull and bear markets: It is easier to profit in a bull market, while in a bear market, the focus should be on preserving capital. Learn to identify the market cycle; in a bear market, focus on acquiring knowledge and accumulating capital, so that when the bull market comes, you can reap substantial rewards.
・Stay updated with trending hotspots: The crypto market always has various hype topics, such as Meme, AI, RWA, etc.; short-term funds tend to concentrate in these areas.
・Gather information widely but do not follow blindly: You can pay attention to Twitter, Binance announcements, project updates, etc., but do not easily trust so-called KOL recommendations, as many are aimed at 'cutting leeks'.
VI. Low-cost ways to enter the crypto space
・Participate in airdrop activities: This is a low-risk method suitable for beginners, such as engaging with new projects, test networks, etc., which may yield high airdrop rewards; APT, ARB, etc., are typical examples.
・Dollar-cost average into mainstream digital currencies: If you do not like to trade frequently, you can choose to dollar-cost average into BTC, ETH, and other mainstream coins, as they remain quality investment assets in the long run.
・Practice short-term trading with small funds: If a novice wants to try short-term trading, they can start with a small amount of funds, such as 100-500 USDT, to practice and gradually find a trading rhythm that suits them.
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Don't rush to pick the flowers; first, plant the trees well. It emphasizes using time as a lever for value accumulation, allowing small accumulations to bring about qualitative changes through long-term focus on goals. Just like the growth of trees, it is slow at first, but explosive growth will come after the roots are well established.
As the market continues to change, we must closely monitor market signals and seize new entry opportunities. Follow C姐 to navigate the bull market and seize this major opportunity!
