I am 27 years old this year. I started trading cryptocurrencies at 18, and by 2021, my trading reached eight figures. My current lifestyle involves staying at high-end hotels costing around 2000 yuan, and my suitcase and hat might carry cryptocurrency symbols! I have hardly ever dealt with troublesome business transactions, and having fewer worries allows me time to share my insights.
1. Timing: Enter the market when it meets the conditions for rolling positions.
2. Opening a position: Follow the signals from technical analysis to find the right timing to enter. #Trump Media Technology Group Bitcoin Treasury
3. Adding to a position: If the market moves in your direction, then gradually add to your position.
4. Reducing a position: If you've made the intended profit or the market seems off, then slowly sell.
5. Closing a position: When you reach your target price or the market is clearly about to change, then sell everything.
Reinvesting after making money: If your investment has increased, consider adding more, but only if the cost has already decreased and the risk is lower. It's not about adding every time you make a profit, but doing so at the right moment, such as during a breakout in a trend; if it breaks out, quickly reduce, or add during a pullback.
Base position + trading: Split your assets into two parts, keeping one part intact as a base position and trading the other part during market price fluctuations to reduce costs and increase returns. Here are some ways to divide:
1. Half position rolling: Hold half of the funds long-term and trade the other half during price fluctuations. #
2. 30% base position: Hold 30% of the funds long-term and trade the remaining 70% during price fluctuations. #币安钱包TGE
3. 70% base position: Hold 70% of the funds long-term and trade the remaining 30% during price fluctuations. #Getting Rich in Cryptocurrency
The purpose of this approach is to maintain a certain level of positions while using short-term market fluctuations to adjust costs, making positions more optimal. #加密市场回调
In position management, the first step is to diversify risk; don’t put all your funds into a single trade. You can divide your funds into three to four parts, investing only one part each time. For example, if you have 40,000, divide it into four parts and use only 10,000 for each trade.
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