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Elon Musk 65908
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Some Advice for Newcomers to the Crypto World
1. If your capital is not large, for example, within 200,000, catching a major upward trend once a year is enough; do not always operate with your full position.
2. You cannot earn money beyond your understanding. First, practice your courage and mindset with a simulated account; you can fail multiple times with a simulated account, but a single failure in real trading may lead to total loss, or even exit from the market.
3. Develop the habit of reviewing your trades; see if the selected cryptocurrencies meet your expectations, and regularly evaluate your held assets.
4. When encountering significant good news, if you haven't sold on the same day, you must sell on the next day's high opening; cashing out on good news usually comes with risks.
5. Good projects can be held for the long term, but you must sell at a high point; do not be greedy.
6. When facing major holidays or events, reduce your position or sit on the sidelines a week in advance, and enter the market in the last two days before the holiday; often, there are big gains after the holiday.
7. If a large bearish candlestick appears on the daily chart, unless it is at a low volume bottom, decisively exit the market the next day.
8. Pay attention to cryptocurrencies that are increasing in volume at the bottom; it may indicate that a turning point has arrived.
9. For medium to long-term operations, keep enough cash, sell on the rise, buy back on the dip, and rolling operations are the best strategy.
10. Short-term trading mainly focuses on trading volume and chart patterns; trade actively volatile ones, and avoid inactive ones.
11. When the decline is slow, the rebound will also be slow; when the decline accelerates, the rebound is usually quick.
12. Carefully compare the trends of the market and individual cryptocurrencies; cryptocurrencies with strong players often behave differently than the market, while those that move in sync usually lack strong players.
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1. If your capital is not large, for example, within 200,000, catching a major upward trend once a year is enough; do not always operate with your full position.
2. You cannot earn money beyond your understanding. First, practice your courage and mindset with a simulated account; you can fail multiple times with a simulated account, but a single failure in real trading may lead to total loss, or even exit from the market.
3. Develop the habit of reviewing your trades; see if the selected cryptocurrencies meet your expectations, and regularly evaluate your held assets.
4. When encountering significant good news, if you haven't sold on the same day, you must sell on the next day's high opening; cashing out on good news usually comes with risks.
5. Good projects can be held for the long term, but you must sell at a high point; do not be greedy.
6. When facing major holidays or events, reduce your position or sit on the sidelines a week in advance, and enter the market in the last two days before the holiday; often, there are big gains after the holiday.
7. If a large bearish candlestick appears on the daily chart, unless it is at a low volume bottom, decisively exit the market the next day.
8. Pay attention to cryptocurrencies that are increasing in volume at the bottom; it may indicate that a turning point has arrived.
9. For medium to long-term operations, keep enough cash, sell on the rise, buy back on the dip, and rolling operations are the best strategy.
10. Short-term trading mainly focuses on trading volume and chart patterns; trade actively volatile ones, and avoid inactive ones.
11. When the decline is slow, the rebound will also be slow; when the decline accelerates, the rebound is usually quick.
12. Carefully compare the trends of the market and individual cryptocurrencies; cryptocurrencies with strong players often behave differently than the market, while those that move in sync usually lack strong players.
#ElonMusk65908
Follow For More!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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