战神倚天剑

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Thank you all for your attention. You can reply in the comments to receive a red envelope 🧧. Thanks to Brother Baiyi for helping newcomers.

Follow Wang Baiyi's successor in the live broadcast room, Sister Jin

A reminder for new players:
Contract trading is not child's play, especially for those who think there are some contract tricks or contract masters who can predict prices. Do not blindly believe that you can make big money just by listening to them; this kind of thinking should be avoided at all costs. I certainly do not have any secrets that will make you rich at first listen.

Remember to manage your position well and set stop-loss orders to protect your principal; having capital is essential for the possibility of continuing to profit at the table.

Newbies who do not know how to control their positions can follow me for free, hands-on guidance.

It has been almost a year since I entered the cryptocurrency world. In the beginning, I faced liquidation many times due to contracts, but I was constantly improving myself, and now I no longer face liquidation.

I would like to give some advice to newcomers, hoping you can pay less tuition!

First: We must understand that averaging down is only for preserving capital. Never let a temporary loss cloud your judgment and expect huge profits. When you are stuck, the true purpose of averaging down is to reduce losses, not to daydream about making profits, and definitely don’t blindly pursue some rebound, as that would just be asking for trouble.

Second: Let's talk about the market. Behind a calm market often hides huge volatility. You must not be fooled by temporary stability; the market is a fickle creature, and at any moment it could change dramatically, catching you off guard. After a big rise, there will surely be a pullback; this is an iron rule. If you see the candlestick chart forming a triangle for a long time, you must be alert, as after a significant rise, a pullback is certain. Therefore, you need to carefully observe market patterns and never get stuck at a high position.
Third: Timing your trades, remember this phrase: Buy on down candles, sell on up candles; counter-trend trading is the way to go. When everyone is panicking, you need to bravely buy in; when everyone is euphoric, you need to decisively sell out. This is how the experts operate. Do not sell at highs, do not buy at lows, and never act during sideways movements. When the market is at a high point, don’t rush to sell; when it breaks support, you need to decisively enter; during sideways movements, just stay put and do not act rashly. During a rising trend, pay attention to resistance levels; during a declining trend, watch out for support levels. This way, you can stay calm and collected.

Fourth: Full position trading is a major taboo, and stubbornness is even worse. The cryptocurrency market is unpredictable, and you must always maintain flexibility; position management is crucial. Only by being able to advance and retreat freely can you navigate the cryptocurrency world with ease.

Fifth: Let's talk about mindset; trading cryptocurrencies is all about mindset. Greed and fear are our biggest enemies. If you chase rises and kill on drops, you will only incur greater losses. Therefore, maintaining a stable mindset is key to surviving in the market.

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