In fact, once you understand trading coins, life feels like it has suddenly made sense!
Ten years ago, I just stepped into the crypto world, and like most retail investors, my profits and losses seemed to rely on luck, with no discernible patterns.
However, after spending a few years in the crypto space, through continuous learning and absorption, with the sharing and guidance of mentors and seniors, I finally began to understand and form my own investment system!
Today, I will share my trading strategies and insights with friends in the crypto space.
1: Regularly invest in mainstream and leading coins.
Regular investment is better than going all-in at once. If you buy everything at once and the price drops later, it becomes difficult to average down. Watching prices drop while you can't accumulate more coins is particularly frustrating, and you miss opportunities to lower costs. Even in a bull market, your profits will be significantly lower.
2. Enhance your ability to earn money off-exchange.
In the market, primarily buy coins and accumulate them. If you want to hold coins, you must also enhance your earning ability off-exchange. Your ability to earn depends on the work you do. If your job allows for more time, invest more in yourself, learn more, acquire new skills, and follow me to turn Twitter traffic into cash.
3. Invest more in areas you are familiar with.
Invest more in areas you are familiar with, as this allows for better risk control. Investing in things you do not understand can lead to greater losses. Increasing cash flow in familiar domains allows for more profits, and you won't have to sell valuable coins because of price drops.
4. Deeply study the skills of speculative trading.
Familiarize yourself with the development trajectory of historical hundred-fold coins. You need to establish your own profitable trading strategy and continuously optimize your selection of coins and timing in practice.
Revealing small tips for trading coins:
1. Invest with spare money, avoid borrowing money to trade coins - invest money + invest energy.
2. Strictly filter valuable coins and create a reasonable fund allocation plan that aligns with reality - the Sunny Investment Strategy.
3. Averaging down - It is normal to experience pullbacks after entering the market, so funds should be allocated reasonably and invested in batches.
4. Refuse to go all-in, allocate positions reasonably. Do not put all your eggs in one basket, effectively reducing risk.
5. Keep an eye on the market - stay updated with the latest news in the crypto space and finance. Knowing early leads to better understanding and earlier profits.
6. Think reversely, do not go against market makers or the trend, go with the flow.
7. Open contracts, not fully invested, leverage below 5 times, do not easily use 100x leverage, it's best not to touch leverage. Do not seek to get rich overnight, but rather aim for steady profits.
8. Manage your earnings well - managing your positions is more important than anything else. If unsure, do not operate easily. Not acting means no risk and no losses. Spend time reviewing your assets and check if they are managed properly and reasonably.
9. Keep the bottom and top in mind, do not be afraid. The crypto space will only help you grow; mindset is more important than operations. Remember the trading methods for coins, and you won't worry about not making money!
Having navigated the market for many years, I understand the opportunities and pitfalls. If your investments are not going smoothly and you feel dissatisfaction from losses, leave a comment with 999 ⑤ Long Tail.
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