Practical skills for cryptocurrency trading, you will learn them at a glance 1. The iron rule of risk control

Stop loss and stop profit must be ruthless

Stop loss for every loss of more than 2%, and stop profit in batches for 5%-15% profit

After the price goes up, raise the stop loss to the cost price + 1% (to prevent a fall)

Don't fill your position too much

Bear market: buy 10% first, and add 20% when it drops 20% (buy up to 80%)

Volatile market: keep 50% in cash, don't all in

Don't just hang on to one coin

Mainstream coins (BTC/ETH) account for 60%, and potential coins are scattered in 3-4 (10% each)

2. Short-term operation tips

Look at the K-line to find signals

After a big drop, the negative line shrinks + the trading volume is small, dare to buy; after a big rise, the positive line becomes shorter, sell

Sideways over 5 Don’t touch it, wait until the direction is clear (break through the upper and lower edges before moving)

Remember the relationship between volume and price

If the price rises but the volume does not, it is the top; if the price falls and the volume shrinks, it is the bottom

If there is a sudden surge in volume, sell 1/3 of it at a high the next day; if there is a sudden surge in volume, run away if it does not recover in 3 days

Use pyramid to build a position

Buy 30% first, add 20% when it drops 10%, and add 50% when it drops 15% (reduce costs)

III. Information and mentality management

3 minutes to see whether the project is good or bad

Check the team: whether LinkedIn has a real background; look at the community: the group chats more than 200 times a day to be active

Avoid "air coins": be cautious if the circulating market value/total market value < 30%

Two steps of emotional management

When you want to trade impulsively: ① Close the software and take a deep breath ② Wait 30 minutes before deciding

Keep a trading diary every day: what to buy, why to buy, how much profit and loss (review the market to find problems)

IV. Efficient use of funds

Don’t leave idle money idle

50% of mainstream coins are put into financial management (annualized 3%-5%), 20% for arbitrage (earn platform price difference)

Play with new coins with small funds: sell when it rises 20% after listing, and use part of it to mine high-yield mines (APY>50%)

Tips for paying less taxes

Hold it for more than 1 year before selling: some countries have halved taxes; use loss orders to offset profit orders (keep good records)

Ultimate reminder

Core logic: buy when others are afraid, sell when others are rushing, don’t chase the rise and fall

Spend 1 hour a week: Statistical win rate (target > 55%), profit and loss ratio (earn 2 times more than lose)

Remember: You can’t make all the money, but you can lose all the money. It’s more important to live than to make money fast! #BTC走势分析