Hello everyone, I am Chanquan!
Many beginners in the crypto world are confused, their hearts racing at the sight of wild fluctuations, afraid of missing wealth opportunities, yet fearing they will lose everything... Don't worry! Today's ultimate tutorial will help you avoid 90% of the pitfalls and steadily make one trade a day, rejecting anxiety in trading!
Step 1: Choose the right platform! Reject untrustworthy exchanges!
Principle: Capital safety is above all!
Only select top global platforms (like Binance, OKX, Coinbase, etc.), with complete licenses and standardized fund custody!
Beware of 'referral' schemes on untrustworthy platforms (they could run off at any time!).
Action guide: Be sure to enable two-factor authentication (2FA) after registration, set withdrawal address whitelist!
Step 2: Choose a coin - Spot vs. Contract.
Spot trading (a top choice for beginners!)
Only buy popular altcoins, strong capital liquidity, easy to follow the trend and profit!
Recommended list:
PEPE (Meme coin leader, community active).
XRP (strong compliance attributes, easy to explode).
DOGE (promoted by Musk, highly volatile).
TREE (new concept ecological coin, low buy and ambush).
Avoid pitfalls: Do not touch obscure coins or shitcoins (99% will go to zero!).
Contract trading (advanced and cautious!).
Only trade mainstream coins: BTC, ETH, SOL (high liquidity, not easy to get wrecked!).
Leverage ≤ 50x! High-risk actions, must set stop-loss!
Mnemonic: Bitcoin and Ethereum are stable as dogs, SOL's fluctuations can eat meat quickly!
Step 3: News determines life and death!
In the crypto circle, watching news is essential; you must monitor the market at these times!
Every month, the first Friday: U.S. non-farm payroll data (employment data, impacts Federal Reserve policy).
Every Thursday: Non-farm payroll data (preview of non-farm market).
Monthly PPI/CPI (inflation data, directly triggers price movements!).
Step 4: Trading mindset - make one trade a day and run!
Reject frequent trading! You'll lose all to transaction fees!
Daily goal 1%-3%, reach it and immediately close the software, go shopping with your partner!
Anti-greed mantra: Don’t chase the tail, don’t catch the falling knife, don’t FOMO chase highs!
Remember: The market is just a part of life, not a casino!
Final summary: A must-do checklist for beginners every day.
Morning check: news calendar (any CPI/non-farm data?).
Intra-day operation: Spot follow hot coins (PEPE/DOGE, etc.), contracts only for mainstream (BTC/ETH ≤ 50x).
Take profits and cut losses: Withdraw in batches when profits exceed 3%, cut immediately when losses exceed 5%!
Time to stop: Avoid trading after 3 PM; the European and American markets are highly volatile and easy to get trapped!
I am Chanquan, focusing on credible crypto education!
Follow me to unlock more tips to avoid pitfalls + secrets to get rich!
Share this article with friends, let’s avoid pitfalls together!
The Chanquan team only serves ambitious madmen, directly feeding you the 10x coin password.
