After playing in the cryptocurrency space for so many years
I am well aware of the pitfalls within it
I also know that for a novice, if they invest 100,000 in the market, achieving a profit of 500,000 in a month through contracts is quite challenging, but it's not impossible!
First, focus on strong cryptocurrencies: When trading, keep an eye on those that are performing strongly. If uncertain, look at the 60-day moving average; enter or add positions when above it, and withdraw promptly when below. This tactic works most of the time.
Avoid chasing highs: When the price of a coin rises over 50% in one go, do not rush in as it can lead to panic. Buying at lower levels is often more stable, carries less risk, and has greater potential for returns.
Identify bullish signals: Before a significant rise, there are usually some signs, such as the price fluctuating within a small range of 10% to 20%, but with relatively low trading volume. At this point, gradually buying in at lower levels can often help ride the wave of the upward trend.
Seize new hotspots: When new hotspots emerge in the market, the first few days are usually very active. Following the footsteps of large funds during this time often leads to easy profits.
Stay calm during a bear market: When a bear market arrives, keep your hands steady; it’s best to avoid trading for at least six months. During poor market conditions, try to minimize operations and learn to rest; this is what makes a trading expert.
Regularly review and adjust strategies: Every week, review your operations, not just looking at how much you earned, but assessing whether your strategy is correct. If it’s right, stick with it; if not, adjust promptly. Over a few months, your trading strategies will become increasingly robust.
Remember, success is not accidental; it belongs to those who are always prepared!
So if a novice wants to make big money in this market, they must learn with an open mind!!!
Last night, there were signs of a rebound in the U.S. stock market, so our team closed positions after doubling our short position!