It's been almost a year since I entered the crypto circle. In the beginning, my contracts were liquidated many times, but I have been continuously improving myself, and now I no longer face liquidation.
Here are some suggestions for newcomers; I hope you can pay less tuition!
First: We must understand that averaging down is only for preserving capital. Never let a temporary loss cloud your judgment, expecting any huge profits.
When you are stuck, the real purpose of averaging down is to reduce losses, not to fantasize about profits, and definitely do not blindly pursue any rebounds, as that is simply asking for trouble.
Second: Let's talk about the market. Behind a calm market often hides huge volatility. Do not let temporary stability blind your eyes; the market is a fickle beast, and you never know when a storm will hit, leaving you unprepared.
After a big rise, there must be a correction; this is a hard rule. If you see the candlestick forming a triangle for a long time, you must be vigilant, as a prolonged rise will definitely lead to a correction. Therefore, you must carefully observe market patterns and never get stuck at high points.
Third: Timing for buying and selling, remember this phrase: buy on a bearish candle, sell on a bullish candle; counter-trend trading is the way to go. When others panic, you must bravely buy in; when others are frenzied, you must decisively sell out. This is the operation of a master.
Do not sell when the price rises, do not buy when it drops sharply, and never act during a sideways market. When the market is at a high point, do not rush to sell; when it breaks support, you must decisively enter; during sideways movement, just stay put and do not act rashly.
In an uptrend, pay attention to resistance levels; in a downtrend, keep an eye on support levels. This way you can stay informed and calm.
Fourth: Full position trading is a big taboo, and acting stubbornly is even more undesirable. The crypto market is unpredictable, so you must always maintain flexibility; position management is crucial. Only by being able to enter and exit freely can you navigate the crypto circle with ease.
Fifth: Let's talk about mindset; trading crypto is all about mindset. Greed and fear are our greatest enemies. If you chase rises and kill on drops, you will only incur more losses. Therefore, maintaining a stable mindset is essential to remain undefeated in the market.$BTC $ETH #加密市场回调 #比特币财库公司增持策略
