How to turn 10,000 oil into 1,000,000 oil in the cryptocurrency market
Here are 9 tips based on experience ↓
1. If your initial capital is not very large, for example, within 100,000, being able to catch a major market fluctuation once a day is already sufficient; do not be greedy and always hold positions!
2. When encountering significant positive news, if you do not sell on the same day, remember to sell the next day when the market opens high, as realizing positive news often leads to negative market reactions.
3. The news and holidays are also very important; when encountering major events, adjustments should be made in advance (reducing positions or even going to cash). Historically, whenever significant events occur, the market will inevitably experience major fluctuations. If you cannot grasp the direction in advance, wait for the market to arrive and follow the trend!
4. The mid-to-long-term strategy must involve light positions, leaving enough operational space. Steady operations are the best strategy; do not operate with heavy positions.
5. Short-term trading focuses on following the trend, entering and exiting quickly; it is forbidden to be greedy and hesitate. When the market fluctuates greatly, look for suitable entry points. If the market is sluggish and inactive, then go to cash and wait patiently.
6. When the market fluctuates slowly, rebounds will naturally be slow; if the market fluctuates quickly, then the corresponding corrections will also be rapid!
7. If you enter the market at the wrong point and direction, then cut losses in a timely manner (do not hesitate to hold the position). Cutting losses is a form of profit; preserving capital is the fundamental principle for survival in the market.
8. For short-term trading, always look at the 15-minute K-line chart. Using the KDJ indicator can help better capture suitable entry points.
9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is the mindset. A person's mindset is crucial; the cryptocurrency market can easily make you feel the ups and downs, so adjust yourself well!
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