What is swing trading?

For new investors, investing can lead to account depletion.

So how do you make a profit when you don't know where to start, and you don't know how to analyze the market?

Here are some basic ways, I have managed to double my account in 3 months.

1. Don't FOMO when the market is too green, don't buy newly listed coins if you don't understand the nature of that coin.

2. Don't play futures if you don't have experience, as it can lead to account liquidation due to poor capital management and incorrect DCA.

3. Look for coins that are showing an increase of 3-5% in 5, 10, 15-minute intervals from continuous updates from major websites or even on Binance.

4. The buying zone for swing trading is the area that approaches the bottom, and the RSI index is above 7 points, with large support levels purchased a few units below.

5. Swing trading is not the same as holding, so you need to watch the chart when it moves to make timely decisions; if you have bought, wait above your entry capital and set a stop-loss above your entry price (OCO order).

6. And importantly, do not go all-in on one coin because you cannot be sure if it will rise immediately or plummet (crash) is unavoidable.

7. Join groups with good analytical techniques, a community that grows together, including foreign groups discussing which coins they are into.

8. Sell at the right moment, taking small profits is better than having no profits at all; this shows you are taking care of your wallet well.

9. Don’t trust anyone; all answers are just for reference as the nature of cryptocurrency is unpredictable.

10. Be willing to cut losses to avoid regret if the market is unstable.

Thank you for reading this far, and I wish you success.