#BEAT In the cryptocurrency world, it's like walking on the edge of a knife; those who aren't prepared will generally have to pay tuition first.
I also lost a lot in the early days and slowly found my way out of the pit; the experiences below are to help you avoid taking unnecessary detours.
First, let's talk about timing. During the day, the news is often chaotic and difficult to discern, making it easy for newcomers to get whipsawed.
The good news you see is often something others have planned in advance; when the bad news is everywhere, prices may actually reach their target quickly.
To be less influenced by emotions, try to avoid daytime trading; the structure of night trading is clearer.
Next, let's discuss taking profits. The numbers you earn don't equal your money; only when you withdraw does it count.
Don't think about doubling your profits at the first sign of gain; a single pullback can wipe it all out. Take some profits when you have them, and the rhythm will naturally stabilize.
When trading, don’t rely on guesses; instincts are not valuable. Use tools to improve your win rate. Look at moving averages for direction and MACD for rhythm; it doesn't have to be complicated, execution is the most important.
Stop-loss is the bottom line. If you want to survive long-term, you must protect your principal. Exit when the target is reached; hesitation will only lead to greater losses. If you can't watch the market, make sure to set your stop-loss in advance.
There are also three things that are most likely to cause problems: high leverage, too frequent trading, and using borrowed money to trade; liquidation is usually related to these factors.
Trading cryptocurrencies is not about impulse; it's about strategy and discipline. Make fewer mistakes, survive first, and you've already outperformed most people.
I am Old Zhang, skilled in short to medium-term contracts and medium to long-term spot layouts.
I've walked this path; whether you want to follow is up to you. @老张趋势