From making a fortune of 600,000 to losing everything overnight, some advice for new and old investors!

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1. Develop a clear investment plan. If you want to engage in short-term cryptocurrency trading, first create a clear investment plan for yourself. Determine how much capital to use, how much return you can achieve each month—these need to be planned according to your risk tolerance to set a goal.

2. Ensure you have enough time and energy. Day trading focuses on making profits frequently rather than making large profits in a single trade. Develop your own trading principles and habits; don’t trade just for the sake of trading, and don’t feel the itch to trade if you aren’t making a trade. $BTC

3. Since short-term investments typically involve frequent trading, choosing the right cryptocurrencies is very important; trading must be continuous. $ETH

4. When holding a position for profit, close the position as soon as you reach your psychological target. Don’t try to maximize every gain. Also, pay attention to position size and leverage control; learn to strictly control your position size based on the leverage of the products you are dealing with in relation to your capital. #币圈暴富

5. Use technical indicators: There are countless technical indicators in the market, at least over a thousand, each with its own focus. Investors cannot cover all of them, just become familiar with a few. Commonly used technical indicators include KDJ, RSI, etc. #币圈

6. Use moving averages: Short-term trading generally refers to the three moving averages of five days, ten days, and twenty days. When the five-day moving average crosses above the ten-day and twenty-day moving averages, and the ten-day moving average crosses above the twenty-day moving average, it is called a golden cross, indicating a buying opportunity; conversely, it is called a death cross, indicating a selling opportunity. #比特币

7. During rapid price fluctuations, try to avoid making trades. #美国半导体关税

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