I have turned 10000 into contracts and my worth has reached 8 figures; my cryptocurrency journey is like a novel story! I have summarized 10 key points and now share them with all my contract friends.
1. If your initial capital is not very large, such as under 100,000, being able to capture a major price fluctuation once a day is already enough. Do not be greedy and hold positions all the time!
2. When encountering significant good news, if you don't sell on the same day, remember to sell at a high opening the next day. Good news often turns into bad news when realized.
3. The news and holidays are also very important. When encountering major events, adjustments should be made in advance (reduce positions or even go to cash). Historically, major events will lead to significant fluctuations in the market. If you cannot grasp the direction in advance, then wait for the market to come and follow the trend!
4. The strategy for medium to long-term trading must involve light positions, leaving enough room for operation. Stable operations are the best strategy; do not operate with heavy positions!
5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid greed and hesitation. When the market fluctuates greatly, look for suitable entry points. If the market is stagnant and inactive, then go to cash and wait patiently. #加密市场回调
6. If you want to learn or connect with Dan, feel free to follow Gongzhonghao "Crypto King Instructor"; you will gain the latest information and trading skills in the cryptocurrency circle. #币安Alpha上新
7. When market fluctuations are slow, rebounds will also be slow. When market fluctuations are fast, the corresponding corrections will also be rapid! $BTC
8. If you enter the wrong point or direction, then cut your losses in time (do not hesitate to hold onto losing positions). Cutting losses is a form of profit; preserving capital is the fundamental principle for survival in the market. $ETH
9. For short-term trading, always look at the 15-minute K-line chart. Using the KDJ indicator can help you better capture the right entry positions.
10. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is still the mindset. A person's mindset is very important; the cryptocurrency circle can easily make you feel the ups and downs. Therefore, adjust your own mindset and do not be greedy.