To turn a beginner into a veteran in cryptocurrency trading, you only need to master these ten golden rules! For those who have been trading in cryptocurrency for so many years but have not made 1 million, listen to me. If you follow these ten suggestions and it still doesn't work, come to me!
1. If you don't have much money, you must be thrifty. In a year, it is enough to seize the opportunity of a big rise. Don't always operate with a full position, keep some cash in hand, just in case.
2. Cognition determines how much money you can make. If you don't understand, you can't make money. Simulated trading is okay for practicing, but the psychological pressure of buying and selling real money is huge.
3. If you encounter good news, if you don't sell it on the same day, you have to withdraw it quickly when it opens high the next day. Once the good news comes out, everyone wants to sell, and the price will naturally come down.
4. The holidays are coming soon, reduce your position a week in advance, or simply don't sell it. The market is not active during holidays, and prices are prone to fluctuate greatly.
5. To do medium and long-term investment, you must have money in your hand. If the price goes up, sell; if the price goes down, buy. This can reduce costs and adjust strategies at any time.
6. For short-term trading, you have to find currencies with active trading. If you buy currencies that no one buys or sells, you will be easily trapped.
7. Remember this rule. If it falls slowly, it will generally rise slowly; if it falls hard, it will usually rebound quickly.
8. Stop loss is very important. If you buy wrong, you have to admit it and stop loss quickly. Don't think about waiting for the price to come back. Keeping the principal is the kingly way.
9. For short-term trading, look at the 15-minute K-line chart more often, and then combine the KDJ indicator to find the buying and selling points. Especially when KDJ is overbought or oversold, the signal is particularly accurate. You also have to look at indicators such as MACD and RSI.
10. Don't learn too many techniques, it's enough to master a few
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