If you haven't made 500,000 after trading cryptocurrencies for over a year, read these practical insights. If you still can't make money, come find me for a discussion!
1. Capital Management: If your capital is limited, you need to be more frugal. It only takes one big opportunity throughout the year to be enough. Don't always operate at full capacity; keep some capital reserves to deal with emergencies.
2. Enhance Your Understanding: Your earnings are closely related to your level of understanding. Simulated trading can help you become familiar with the market, but real trading with actual money will bring greater psychological pressure and challenges.
3. Timely Profit Taking: When there is good news, if you haven't sold on the same day, the opening high of the next day is the best exit point. Positive news often triggers a large amount of selling, leading to a price drop.
4. Holiday Strategy: As holidays approach, reduce your position in advance or refrain from trading altogether. Market activity decreases during holidays, and market makers are likely to make moves when liquidity is low.
5. Hold for the Medium to Long Term: When making medium to long-term investments, ensure you have enough liquid funds on hand. Sell appropriately when prices rise and buy more when they fall, thus reducing costs and allowing for flexible strategy adjustments. $ETH
6. Choose Superior Coins: For short-term trading, select coins with high trading volumes. Coins with poor liquidity may put you in a difficult situation. $BTC
7. Understand Market Rules: The market typically exhibits a pattern where a slow decline is often followed by a moderate rebound; whereas, after a sharp decline, there may be a rapid rebound. #币圈
8. Strict Stop Loss: Once you detect that the direction has reversed, you should immediately stop loss and not entertain fantasies of waiting to break even. Protecting your principal is the most important thing. #币圈暴富
9. Use Technical Analysis Tools: For short-term traders, frequently checking the 15-minute candlestick chart and using indicators like KDJ to find buy and sell points is very important. Paying attention to indicators like MACD and RSI is also a good choice. #比特币
10. Focus on Mastering a Few Skills: There's no need to pursue mastering all technical analysis methods; focus on the few that suit you best. #币安AlphaSUI生态交易竞赛
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