I used to be a novice too, starting with 5000 yuan, and gradually earned my first pot of gold in life.
Today I am sharing my experiences, hoping everyone can take fewer detours!
1. The crypto world is not a casino; learn first before starting to make money!
Want to make money? First, understand how the crypto world works! You must grasp the basics of blockchain, exchanges, and virtual currencies; otherwise, you can be cut at any time.
Books, articles, videos, learn everything you can; don't think about getting rich by luck!
2. Choose the right approach, focus on understanding!
There are many methods like spot trading and contracts; what suits you is the most important. Blindly following trends will only make you cannon fodder in the end!
3. If you feel it's about luck, continuous profit relies on strategy!
Before starting, think clearly: what is the goal? How will the plan be executed? Rushing in without thought will eventually lead to loss.
4. Want to get rich? First, learn to do short-term trades and hold long-term!
The crypto market is highly volatile; short-term fluctuations are just noise. During bull and bear cycles, time is the strongest weapon.
5. Control risk
Those who heavily invest will often face dire consequences. Don’t put all your money into one coin; diversify your investments so that you can withstand losses.
My survival rules for trading:
For long-term, only trade mainstream coins: Bitcoin, Ethereum are the hard currencies; choose altcoins wisely if you want to trade short-term.
1. High-level consolidation = usually still has new highs; low-level consolidation = usually still has new lows; be patient and wait until the situation is clear before taking action.
2. Don’t trade during sideways movements; 99% of people fail to do this.
3. Buy on bearish candles, sell on bullish candles; follow the K-line to profit.
4. Slowing down in decline → weak rebound; accelerating decline → strong rebound.
5. Pyramid adding positions, entering in batches is the hard truth.
6. When rising or falling reaches the peak, it will definitely enter a sideways market; don’t go all in at a high position, and don’t fully invest at a low position. A long-lasting sideways market will inevitably change; if it trends down, decisively clear your positions. These few tricks may seem simple, but very few can execute them successfully.
Sister Anxin focuses on Ethereum contract spot ambush; the team still has positions available for quick entry.
