Novice leeks, come here, master the following points to make you a fish in water in the currency circle!
Fund management and trading frequency: If the initial fund size is small, such as less than 100,000, it is rare to successfully capture a large fluctuation in the market every day. Be sure to avoid being greedy, do not continue to hold positions, and use sound fund management as the first principle.
Strategies to deal with good news: In the face of major good news, if there is no shipment that day, you should sell decisively when the market opens higher the next day. After the good news is realized, the market often turns negative, and timely profit taking is the key.
Consideration of news and holidays: News and holidays have a significant impact on the market. In the event of a major event, positions should be adjusted (reduce or short positions) in advance to cope with possible major fluctuations. If the direction is unclear, you can wait for the market to become clear before operating with the trend.
Medium and long-term strategies: Medium and long-term investments should adopt a light position strategy to leave enough room for operations. Prudent operation is the best policy to avoid the high risks brought by heavy positions.
Short-term trading principles: Short-term trading needs to follow the market trend closely, move in and out quickly, and avoid being greedy for too much and hesitating. Find a suitable point to enter when the market is active. When the market is flat, keep a short position and wait patiently for opportunities.
Market fluctuations and callbacks: When market fluctuations are slow, rebounds are also slow; when market fluctuations are rapid, callbacks are also rapid. Understanding this pattern will help you better grasp the market rhythm.
The importance of stop loss: If the trading direction is wrongly judged, the loss should be stopped in time to avoid the expansion of losses. Stop loss is an important means to protect funds, and it is also a disguised form of profit.
K-line chart and technical indicators: When doing short-term trading, you should pay attention to the 15-minute K-line chart, and combine it with KDJ and other technical indicators to capture the entry opportunity and improve the success rate of transactions.
Mentality adjustment: In currency trading, mentality is crucial. In the face of violent market fluctuations, you need to stay calm and adjust your mentality. A good mentality is the key to outperforming most traders.
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