Thousands of originally happy families end up broken due to the pursuit of an unattainable dream of making a fortune in the cryptocurrency world.
I believe if you really want to continue on the trading path, you still need to study diligently. In addition to understanding basic knowledge and analyzing news, one should also study technical indicators.
If you do not conduct in-depth research and reasonably plan to manage your money, the funds will only be exhausted over time. In the end, as a rootless retail investor, you will only joyfully enter the market and leave in disappointment.
There is a reason why some famous technical indicators have stood the test of time. For example, the divergence signals of MACD, the overbought and oversold signals of KDJ, and the support and resistance signals, etc. While there is no guarantee of profit, they allow for quantitative analysis on a relatively mature model, thus providing investors with a basic direction.
In the cryptocurrency world, the only way to earn from a few thousand USD to 1 million is to roll positions.
When you have 1 million in capital, you will find that your entire life seems different. Even if you don't use leverage, if you take a spot position and it rises by 20%, you will have 200,000, which is already the ceiling of annual income for most people.
Don't always talk about millions or even billions; start from your own actual situation. Trading requires the ability to recognize the size of opportunities; you can't always be in a light position, nor can you always be in a heavy position. Usually, play with a small position, and when a big opportunity comes, then pull out the big guns.
For example, rolling positions (滚仓) is something that can only be done when a big opportunity arises. You can't always roll; it's okay to miss out because you only need to roll successfully three or four times in your life!
First, we need to know under what circumstances rolling positions is suitable: currently, only the following three situations are suitable for rolling positions.
1- The direction of choice after long-term sideways volatility at 'new lows' 2- Buying the dip after a significant drop in a bull market 3- Breaking through major resistance and support levels on a weekly chart.
In general, there are only these three situations where the odds are relatively high; all other opportunities should be abandoned. Below are the methods for rolling positions.
Adding to a position with floating profits: After gaining floating profits, consider adding to your position. However, before adding, you need to ensure that your holding cost has been reduced to minimize the risk of losses. It doesn’t mean to blindly add after making a profit, but to do so at the right time.
Base position + rolling positions: Divide funds into multiple parts, keeping a portion of the base position unchanged while using the other part for high selling and low buying operations. The specific ratio should be chosen based on personal risk preference and capital scale. You can choose to roll with half a position, 30% base position, or 70% base position, etc.
The martial arts secrets have been given to you; whether you can become famous in the world depends on yourself.
#稳定币激增 #TON反弹
If you are blindly guessing trends in the market alone, yet always end up going against the trend!
If you lack support from technical and news aspects and only look at the decline rankings and popularity rankings to make trades!
Then it definitely won't last long. Follow me for 55 screens. One or two trades a day; take profits when you see them.
Impermanence leads!!! Those with strong execution come!
