In a few years, I turned an 80,000 yuan principal into tens of millions, solely relying on all the insights I have summarized today!
As a retail investor, one must understand the true meaning of the coexistence of risk and opportunity. Besides taking control of one's own destiny, no one can take over that responsibility. Retail investors who place their hopes in others are destined to be the ultimate losers.
Learning is the foundation of success; mastering skills and analyzing publicly available information is essential for long-term survival in the cryptocurrency circle.
The skill lies in mastering one or two technical indicators and interpreting the internal laws of the cryptocurrency circle from them.
It is organically combined with operational strategies and is a tool for gambling in the cryptocurrency circle.
The cryptocurrency market changes rapidly; I share my experiences in trading cryptocurrencies with you.
In recent years, many people have come into contact with and participated in cryptocurrency trading. Some have made a fortune, while others have lost everything. Today we will...
Let's talk about some precautions in cryptocurrency trading and some insights from the editor, hoping to provide some help to everyone.
01
Use technical indicators but do not get stuck in the quagmire of technical indicators.
There are countless technical indicators in candlestick charts, and sometimes learning too many can confuse one's objective analysis. The ultimate goal of learning these indicators is to use them to obtain the information you need. If you have obtained the necessary information from a certain indicator, then there is no need to get entangled with other indicators, as many indicators in candlestick charts have similarities.
02
History may not repeat itself, but there are lessons to be learned.
In terms of technical analysis, there are indeed times when clues can be captured from historical data. The cyclical nature of the market remains unchanged; other markets are the same, transitioning from adjustment periods to growth periods, then to maturity, and finally to recession, repeating indefinitely. Therefore, in technical analysis, historical data can be considered comprehensively.
03
In-depth analysis of the news.
The currency market transmits a large amount of information every day, so conducting in-depth analysis of this information is very important. As a qualified investor, the most basic requirement is to learn to distinguish the truth from falsehood in information, especially since some half-true and half-false news can be very misleading. Sometimes, a single piece of news can directly affect the directional judgment of the market.
04
Summarize experiences and find a method that suits yourself.
Watching fish by the pond is not as good as retreating to weave a net. If you do not enter the tiger's den, how can you catch the tiger's cub? We always envy others for how much money they can invest and earn in the currency market. We always see others operating passionately, but we just do not dare to enter the market, fearing that we will lose everything once we do.
05
Go with the trend.
Those who follow the trend will thrive, while those who go against it will perish. In investing, one should follow the trend; grasping the big trend is like boarding a spaceship that will quickly take you to great heights, making it difficult not to profit. Conversely, if you operate against the trend, especially during major market movements, you will fall into a bottomless pit that can never be filled, trapping investors deeply and directly causing huge losses. Therefore, grasping the trend is more important than anything else.
The cryptocurrency market changes rapidly; trading cryptocurrencies requires caution. The process of market investment is a psychological battle. Without a good trading mindset, being swallowed by the market, this complex entity, is only a matter of time.
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Impermanence brings impermanence brings impermanence!!!
Important things should be said three times!!!
