What should you do if you keep losing money in cryptocurrency trading?
I have been trading cryptocurrencies for 8 years, made 60 million, and if you want to change your fate, you must give the crypto space a try. If you can't get rich in this circle, ordinary people will have no chance in their lifetime.
Methods for trading cryptocurrencies:
1. Buy mainstream valuable coins in large positions, spot trading (do not trade contracts), regardless of their rise or fall, just hold them for the medium to long term. Enter based on your buying price and use rolling warehouse strategies (increasing or decreasing positions).
When the market crashes, if it doesn't break the 20-day line for four hours, don't panic. There are several reasons:
a. Contract explosion: If you don't have a solid foundation, don't play contracts lightly; the data is completely different from spot trading. Preserve your principal to continue enjoying the benefits of a bull market!
b. Pullback demand: After a sharp rise in mainstream valuable coins, they generally need to pull back to the 5-day line or even the 10-day line before they can accumulate energy for further increases!
c. Cutting leeks: Retail investors love to chase highs and sell lows. After retail investors chase high, the big players will quickly sell off, scaring retail investors to cut losses and hand over their chips.
2. For profitable trades, reduce positions in advance, or sell in batches at high points to lock in profits;
3. Set up buy orders in advance at the daily level at the 5-day line, 10-day line, and 30-day line to accumulate chips at lower levels.
4. Use the life line trading strategy to judge the trend of rise and fall. If the trend changes and effectively breaks below, pull back to the life line and reduce positions in time.
5. During a sharp rise, be aware of the risks and do not blindly chase high prices. During a sharp fall, be aware of opportunities and accumulate chips in batches at lower levels.
6. For profitable chips, appropriately reduce positions to avoid roller coaster trading. For bottom-fishing trades, it is recommended to set stop-loss orders to preserve your principal. $BTC $ETH $XRP
7. If the direction is unclear, it is better to miss out than to make a mistake. Preserve your principal to smile longer.
8. New group members should not rush to make money, and even more, do not be greedy. First, study trading seriously, practice your skills, use small funds for practice, familiarize yourself with the rise and fall patterns of digital currency trading, and find your trading feel to reduce trading costs while learning and practicing!
Short-term trading can also be profitable; long positions are also good. You can lock in profits whether going long or short. Can you do it?
The next tenfold coin is about to be laid out; come join in.
Focus for the day: b, hype, pepe, trump, sui, sol, doge, wif
