If you can calm down and do it, you will probably grasp some of the true essence in about two months. I myself have not fully understood it yet, but at least now I can earn some pocket money and no longer face liquidation. The cryptocurrency market is so volatile; just surviving means you can make money.
The specific method is to recharge 200 yuan each time, which is about a little over 27 USD. Then aim for 1000 USD, and operate boldly. No matter what method you use, try to complete this goal within a continuous period of time.
I have verified that if you immerse yourself in the experience, after about ten liquidations, in about two months, you can complete the last recharge and survive here.
The specific points for opening and closing positions are not important, at least not the most important. Feeling the rhythm of the cryptocurrency market and looking for the various trading methods of market makers is the most important goal during this time.
In the process of going from 200 yuan to 1000 USD, you will discover some simple trading patterns on your own. What others teach you and what you discover on your own are completely different. The latter can help you at crucial moments.
I consider myself of average ability, with some prior experience in stocks, which may give me a slight advantage. At the end of the last cryptocurrency bull market, in a very short time, I recharged 200 each time and faced liquidation more than ten times in a row. I entered this bull market in November and faced liquidation a few more times, but now I can stay afloat without facing liquidation again. I have already crossed the introductory stage, relying on this method. You in front of the screen must be one in a million, able to quickly complete this challenge and break through the introductory stage at an early date.
Be sure to pay attention to two points: leverage and amount issues.
High leverage is an extreme tactic; it is not unfeasible but rather too challenging. Short-term trading involves making trade-offs between rapid appreciation and striving for stability; it is easy to make money but difficult to continue making it, so I do not recommend that all players use high-leverage strategies.
Secondly, the size of the amount is meaningless at the introductory stage. Just start with 200 yuan; if you lose, recharge another 200. Even if you face liquidation 20 times in a row, that is only 4000 yuan. Compared to any method, spending 4000 yuan as tuition can help you complete the short-term introduction to the cryptocurrency market, which is incredibly cost-effective. Moreover, in the initial stage, putting in too much money is purely a donation to others.