1⃣️Control your position
When buying, traders should buy at the support level with a light position. After buying, if the currency price shows a downward trend, there will be enough funds to cover the position, reduce the holding cost, and thus increase the chance of profit.
2⃣️Set the take-profit and stop-loss positions
After buying coins, traders should formulate a stop-profit and stop-loss strategy to prevent further losses and ensure the safety of the principal, so that there will be more opportunities and possibilities.
3. Trade with the trend
When buying coins, traders should follow the trend, that is, buy coins that are on an upward trend. Do not go against the trend and buy coins that are on a downward trend. (Note that this refers to the trend)
At the same time, when buying coins, you should try to resonate with the BTC trend, that is, buy stagflation coins when BTC is in an upward trend, and sell them in time when the BTC falling signal appears!
4⃣️Don’t blindly follow the trend
When trading individual coins, traders should strictly follow their own investment strategies and not blindly follow the trend, especially blindly following the so-called kol in the market, especially the irresponsible order flow!
5⃣️ Reasonable allocation of funds (i.e. basket theory)
When traders buy coins, they should not put all their eggs in one basket, that is, they should not buy only one coin, except BTC of course! You can choose 3-5 potential coins to split the warehouse layout. It should be noted that when traders buy coins in split warehouses, it is best to split the sectors, such as BTC, platform coins (bnb, okb), defi (dydx, crv, etc.), web3, AI and other three or five popular sectors, and choose one leader for each long-term bull market layout!
6⃣️Don’t operate frequently
When traders trade coins, they should not buy and sell frequently, which will not only increase the traders' holding costs, but also increase the risk of traders selling coins at a loss or buying them in! This can be said to be a taboo in operation! 👊
Only by continuous learning can we grow and improve our winning rate!
The above is an exclusive sharing from Leading the Way and Getting Rich! #合约锦标赛 #crypto2023 #BTC #原创币安