Perhaps some will say that short-term trading is just speculation!
First of all, it should be said that short-term trading is not speculation. True short-term trading is an investment behavior that requires a strong skill set and an understanding of certain market operating rules.
Short-term trading really tests a person's skills and patience.
Those who are proficient in short-term trading must have studied many candlestick charts, analyzing their movements and summarizing general trends.
The 'rules' mentioned here can only be understood as a concept from a probabilistic perspective; it is impossible to have completely accurate judgments because the entire market unfolds across multiple dimensions such as emotions and information, and the hardest to predict among these is emotion. Therefore, we can only attempt to make rough judgments.
How exactly should we do it?
We must learn to summarize historical trades, noting what conditions led to what trends in past transactions.
In this process, the role of candlestick charts is irreplaceable. Besides reflecting short, medium, and long-term fluctuations, at a macro level,
These candlestick charts of forked coins have been declining since the beginning, with almost no fluctuations, sliding down like a slide, giving retail investors no opportunity to escape.
From their candlestick charts, it can be seen that the major players no longer hold a significant portion of the market; these shares are concentrated in the hands of retail investors, resulting in no one driving the price up, effectively turning it into a legacy.
Many retail investors trading these coins have transitioned from short-term trading to medium-term, from medium-term to long-term, and from long-term to legacy.
As beginners in the cryptocurrency world, we need to pay attention to a few points:
1. First ensure the probability of success, then consider the frequency of trades, prioritizing quality over quantity.
In the process of short-term trading, we must take it step by step, with the principle being to avoid significant losses.
2. Be content when making a profit and rational when incurring losses.
Trading cryptocurrencies is actually the art of regret; we cannot set our expectations too high.
3. Practice makes perfect; if there are experts to guide you, consult them, and you will progress faster.
If we can achieve the above three points, then at least as investors, we will not lose our way in the cryptocurrency space!
It is better to teach someone to fish than to give them fish.
Cryptocurrency investors, whether beginners or experts, gain not only financial returns from me but also growth in investment knowledge and experience.
Throughout the investment process for all loyal fans, we will not only provide investors with analytical thoughts on market trends, basic knowledge of chart reading, and the use of various investment tools, but also bring exciting fundamental interpretations, sorting out the chaotic international situation, and identifying various investment forces. This will allow you to become both a winner and an expert in investing! As always, if you don’t know what to do in a bull market, click on Awen's avatar, follow, and learn about spot trading plans and contract strategies in the bull market, shared freely.
