Hello everyone, I am Lan Xuan～
Many new friends in the circle look confused: prices fluctuate wildly, news is everywhere, how to play to avoid becoming 'chives'?
Don't rush, today's article is pure practical content, from selecting platforms, choosing coins, reading news to mindset management, leading you step by step onto the path of 'waking up and making money'!
Remember a mantra:
Big platform + popular coins + spot trading to start + cautious contracts + following news + not being greedy = Newbie's stable profit formula!
Step 1: Choose the right platform, avoid shady ones!
Capital safety is always the top priority!
Always choose a reputable top platform, such as Binance, OKX, Coinbase…
Don’t be attracted by high commissions, pyramid schemes, or small exchanges; your capital is more important than anything!
Step 2: How to choose coins? Remember two circles!
Spot trading method: Start with popular altcoins!
For example: PEPE, XRP, DOGE, TREE…
These coins are highly volatile and popular, easy to keep up with, but remember: Don't go All In! Diversify your portfolio!
Contract trading method (caution!): Only trade mainstream coins!
Only trade BTC, ETH, SOL!
Leverage should not exceed 50x! Newbies are advised to keep it within 20x; surviving is the real victory!
Step 3: Learn to read news, make money from your understanding!
What's played in the crypto circle is information asymmetry! These few data points must be monitored:
First Friday of every month: U.S. Non-Farm Payroll (employment data)
Every Thursday: Small Non-Farm Payroll data
U.S. PPI, CPI (inflation data)
Once data is released, the market will definitely fluctuate! Set stop-loss and take-profit orders in advance to avoid liquidation!
Step 4: Refuse frequent trading, make one trade a day and run!
Many newcomers can't control themselves, frequently opening orders, resulting in earnings not even covering the fees!
Lan Xuan suggests:
Only make 1-2 trades a day, set your take-profit and stop-loss;
Take profits promptly, don't be greedy or emotionally attached;
The market is just a part of life, don’t let ups and downs affect your emotions and life!
Finally, here's a saying for everyone:
The crypto circle can be very exciting, but it can also be very stable.
The key is how you choose and whether you can stay calm.
I am Lan Xuan, no bragging, no signals, just the truth to guide you through the bull and bear markets!
Afraid of loneliness? Afraid of failure? Follow Tie Ying, Lan Xuan's top support team specializes in this! But it only treats 'ambition madness syndrome'!
