Do you also have this kind of trouble: it seems like you are 'cursed' in the cryptocurrency world, buying any coin results in a drop, selling any coin causes an increase, and despite your hard work, your account balance keeps shrinking?
Don't worry, today I'll help you clear the haze of the cryptocurrency world and share some valuable experiences gained through painful lessons from seasoned 'old investors.' These experiences may not have the dramatic ups and downs of thrilling plots, but they can genuinely help you reduce losses and increase profits.
To achieve asset doubling in the cryptocurrency world, remember the secret of three words: wait, act decisively, run.
Trading strategy: wait for the right moment, take strong action, exit quickly. Do not engage in frequent trading operations. Remember, the transaction fees from each trade add up to a significant expense. In the cryptocurrency world, opportunities are often waited for. Patiently wait for the right moment to appear, and once you see an opportunity, act decisively. Once you reach your profit target, sell without hesitation; do not be greedy. After all, the cryptocurrency market changes rapidly, and greed can easily turn your expected profits into losses.
Judgment of positive news: Hidden risks behind good news. In the cryptocurrency world, positive news does not always mean a money-making opportunity. Most of the time, 'good news is bad news.' When significant positive news appears, cryptocurrency prices typically rise sharply on the first day after the announcement, and may open high the next day. However, this could likely signal that major players are offloading their assets, making it the best time for you to take profits and exit. Do not let a momentary rise cloud your judgment; stay clear-headed.
Position management and risk control: reasonable allocation, avoid liquidation. Proper position management is key to survival in the cryptocurrency world. For short-term trading, it is recommended that the position does not exceed 20% of the total capital. Due to the high uncertainty in short-term trading, controlling the position can effectively reduce risks. For long-term investments, only use the funds you can afford to lose. Never easily 'all in' or use leverage for a gamble; otherwise, if the market turns unfavorable, it could lead to liquidation and total loss.
Essential trading skills - 15-minute K-line + KDJ indicator: This is a simple and effective trading method. When the KDJ indicator shows a golden cross, it means a buying signal, and you can buy appropriately; when a death cross appears, it is a selling signal, and you should sell in a timely manner. This method is simple and direct, suitable for beginners.
60-day moving average: Use the 60-day moving average as a reference. When the cryptocurrency price is above the 60-day moving average, you can operate; when the price falls below the 60-day moving average, you should withdraw funds in a timely manner to avoid further losses. - Stop-loss settings: Setting a stop-loss is very important during trading. Once profits reach a certain level, you should move the stop-loss position up in time to lock in the profits you've already gained and prevent a reversal from causing a profit loss.
In summary, those who can make money in the cryptocurrency world are often those who can endure solitude. Do not rush to get rich overnight, as bull markets in the cryptocurrency world do not occur every day. In times of poor market conditions, maintaining your capital is crucial so that when a bull market arrives, you have enough capital to seize opportunities and turn your assets around. I hope everyone can profit steadily in the cryptocurrency world and stay away from the traps of loss.
If you have also been struggling with investments recently! Can't understand market trends! Confused about market movements, feel free to consult!
