Several requirements for making money with cryptocurrency trading #BTC !

It has been discovered that many people say that short-term trading is speculation. First of all, it should be stated that short-term trading is not speculation. True short-term trading is an investment behavior that requires mastering certain market operation rules and strong skills. Short-term trading actually tests a person's skills and patience.

1. Formulate a clear investment plan. If you want to engage in short-term cryptocurrency trading, you must first set a clear investment plan for yourself, including how much capital to use and what returns to expect each month. This needs to be planned according to your own risk-bearing ability and to set a goal.

2. Ensure that you have enough time and energy. Intraday trading emphasizes the frequency of profits rather than large single profits. Develop your own trading principles and habits, and do not trade just for the sake of trading; avoid feeling anxious when not trading.

3. Since short-term investments generally involve frequent trading, choosing the right cryptocurrency is very important. Trades must be continuous.

4. When holding a position with profits, close the position when reaching your psychological level; do not aim to take all profits. Also, pay attention to position and leverage control. Learn to strictly control your position based on the leverage of the products you are trading in conjunction with your capital.

5. Utilize technical indicators: There are countless technical indicators in the market, at least over a thousand, each with its own focus. Investors cannot cover all of them but should be familiar with a few. Commonly used technical indicators include KDJ, RSI, etc.

6. Utilize moving averages: Short-term trading generally refers to three moving averages of five days, ten days, and twenty days. When the five-day moving average crosses above the ten-day and twenty-day moving averages, and the ten-day moving average crosses above the twenty-day moving average, it is called a golden cross, indicating a buying opportunity. Conversely, it is called a death cross, indicating a selling opportunity.

7. During rapid price fluctuations, try to avoid trading.

8. Do not look at too many analyses from others; everyone's opinions are different. The price trend is influenced by many factors, and all predictions about the future are fifty-fifty, half right and half wrong. Just believe in yourself.