Trading coins this way can lead to success; remember these tips, they are all valuable!
These 10 pieces of experience will soon change your perspective and lead you into a brand-new world of coin trading.
1. Persist in reviewing your trades daily, look through all the coins in your watchlist, and familiarize yourself with the K-line charts (if you don't know how, check my previous content on my homepage) so you can follow the pace of the main capital.
2. If your investment amount is not large, for example, under 500,000, then catching a major uptrend once a year is enough. Never keep your portfolio fully invested in coin trading all the time.
3. When encountering major good news, if you don’t sell on the same day, consider selling if it opens high the next day. Realized gains often come with risks, and this is also true in coin trading.
4. When facing major holidays, prepare for position adjustments in advance. Based on your actual situation, determine whether to hold coins during the holidays or take other actions.
5. Short-term trading mainly looks at trading volume and patterns; conduct coin trading operations only when the patterns are active and show significant fluctuations. It's best not to engage in inactive situations.
6. The medium to long-term strategy is to keep enough cash on hand, sell at highs, buy back during dips, and roll over operations; this approach can also be referenced in coin trading.
7. Stick to good coins, but make sure to sell at high points. Do not be greedy for excessively high prices.
8. When declines slow down, rebounds will also be slow; if declines accelerate, rebounds will be quick. This is applicable in the coin trading market as well.
9. Compare the charts of the overall market and various coins in detail; coins with significant capital will not trend the same as the overall market. Coins that trend similarly to the overall market often lack significant capital.
10. When a coin that has been flat at the bottom for a long time suddenly shows a gap up with increased volume, be cautious; that might be an opportunity.
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