First, when trading cryptocurrencies, do not do three things:

The first is to never operate with a full position. If you operate with a full position, you will become very passive, just like when we pursue someone. If we break that barrier and make things clear, it can become quite awkward. The best times in a relationship are during the ambiguous phase. The same principle applies to cryptocurrency trading; having a full position puts you in a passive state because the market never lacks opportunities, and the cost of a full position is very high. What we need to do is to use a small amount of capital to gain greater returns.

The second is to never bet on a single cryptocurrency. Even if you are very optimistic about a particular coin, do not put all your eggs in one basket. Always maintain a sense of respect when investing. I usually hold three different stocks, each from different industries, choosing one leading coin in each sector. Friends who know the captain understand that he only trades strong coins. What defines a strong coin? Without a doubt, it is the industry leader.

The third is to never use leverage. If you want to become wealthy overnight, what awaits you is failure. Once you fail, it could take at least three years, and possibly up to six years or even longer, to return to your original peak. However, in our lifetime, we have a limited amount of time; how many ten-year spans do you have that can withstand your own turmoil?

If you are currently losing and don’t know what to do, you can click to follow me, tap my profile picture to find me anytime, and I will share all the contract and spot trading strategies. Just to gain followers.