I am someone who is determined to trade cryptocurrencies for a lifetime!
From being heavily in debt when I first entered the market, to now becoming wealthy through trading, I have summed up 10 pieces of advice for trading cryptocurrencies. If you want to make a successful comeback, please read carefully, and I hope everyone can gain something from it.
A surge is a signal to exit, not to enter.
Blindly chasing highs will only get you trapped at the peak; if you don't want to be stuck for a year and a half, it's best to understand clearly before taking action.
Do not heavily invest in one coin.
If a coin occupies more than 70% of your portfolio, once there is a sharp decline or unexpected incident, your position will suffer severely, making it difficult to recover.
Do not spread your positions too thin.
Many people hold dozens of different coins and can't keep track of them all. Half may rise while the other half falls, which ultimately equals wasted effort.
Build positions in batches and take profits in batches.
When the certainty of spot trading is low, you must build positions in batches to keep costs relatively low. When exiting, also sell in batches to lock in profits at relatively high points.
For contracts, use large funds with small positions.
Operating with large funds and small positions minimizes risk, offers good returns, and has a high tolerance for errors.
Set profit-taking and stop-loss levels; do not resist the trend.
Always set profit-taking and stop-loss levels for contracts; do not go against the trend. Ideally, the profit-loss ratio should be 2:1 or 3:1, so even if you are right or wrong half the time, you can still make a profit.
Learn to analyze technical and news aspects.
When trading contracts, you must combine technical analysis and news analysis, observe the flow of funds in the market and the movements of large investors to make comprehensive judgments on entry and exit points.
Wait for the trend to establish before entering.
Small funds should ideally only trade on intraday movements; do not expect to catch every price movement from start to finish; just meet your psychological expectations.
Mindset is more important than technique.
Do not panic over small fluctuations; a market with ups and downs is a healthy one.
Do not frequently change positions or open new orders.
One contract per day is enough; if there are no opportunities, just observe. Choose quality potential coins for spot trading and hold them firmly.
These are the lessons I have learned through blood and tears, and I hope they can help you avoid detours in the cryptocurrency space and make a successful comeback!
Stable profit model! Strict stop-loss + position management
92% win rate + dynamic strategies, helping you easily double your investment in a bull market!
Earn enough for a month's salary in three days!
Keep up if you can ☝🚗 选择大于努力
