SHARING EXPERIENCE FOR NEWBIES
( Next part)
After more than 4 months of practicing trading coins, with wins and losses. Summarizing, I am currently down 200u in capital, but as I have more winning trades, I have realized that:
1. Trading futures is better than trading spots because you can trade whether the price goes up or down (as long as you predict the trend correctly, you win). While in spot trading, you just wait to buy low and sell high. For those who don't know how to trade futures, check out YouTube to learn.
2. To make money in this market, you only need to recognize the upward or downward trend and prioritize choosing coins that are trending down over a long period or trending up over a long period to trade. Currently, I see AVAAIUSDT is trending up over a long period, and piusdt on o.k.x is trending down over a long period. You may consider entering a trade.
3. Don't enter a trade when the price is moving sideways.
4. Always and always set a SL (stop limit - stop loss).
Note: this is a personal perspective, and you are responsible for your investment.
