The cryptocurrency trading is a long-term plan, not an overnight success, so it should not be rushed. Even if there is a short-term loss, there is nothing to fear as long as the subsequent direction is chosen correctly, the lost will eventually return. However, it is important to grasp the timing of trading and the current market trends in order to increase the winning rate. At the same time, investment is a process of growth. Mr. Coin suggests that everyone should learn while operating, summarize the gains and losses in a timely manner, deepen their understanding of risks, and plan with the correct mindset in order to reasonably avoid risks and become a qualified investor.
Every investor knows that they should have their own trading method, but the key question is what kind of method is suitable for them? How to find a suitable method for themselves.
Today, I will summarize two trading methods for everyone here (for reference only). For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin in the cryptocurrency circle) to obtain the method: the top ten daily can receive unwinding strategies for free.
I. Selection of Trading Trends
Market trends can be divided into oscillation and trend. Therefore, the main trading modes in the market are also divided into oscillating trading and trending trading.
Among all trends, oscillating trends are more common. Therefore, compared to these two types of market trends, the trading system for oscillating trends has a higher trading frequency, a higher success rate, and a slightly lower profit-loss ratio. The oscillating system mainly relies on small gains to accumulate profits.
The trading system for trend lines is the opposite, with a lower trading frequency, a lower success rate, and a higher profit-loss ratio, relying on a one-time large profit to cover small losses.
If you are impatient, you definitely cannot handle trending markets because you do not have the patience to wait and may fall before dawn. For you, the trading strategy for oscillating trends is more suitable.
If you are slow and can withstand the small losses brought by the market, and can usually complete a marathon, then you are suitable for trading in trending markets.
II. Selection of Trading Periods
Because when you choose different time periods, it means that you are choosing daily, short-term, medium-term, or long-term trading methods. They represent different trading frequencies and require different levels of energy allocation to trading.
For example, if you trade in 1-minute, 3-minute, or 5-minute periods, regardless of oscillating or trending trading, the battle can usually be completed within a day, which belongs to intraday trading. However, if you trade in 1-minute or 5-minute periods, the market changes very quickly, and the trading frequency is very high. You need to spend a lot of energy on watching the market. Do you sometimes feel tired of trading? It may be because you have not chosen the right time period. Therefore, whether you are trading in trending or oscillating markets, whether it is short-term or medium-term, find a trading method that suits you.
A correct direction and suitable position. This is what most people need. Your reasons for choosing a direction can be very simple, so do not dwell on it. This can help you avoid a lot of trouble. You cannot accurately judge all market trends, but you can grasp the direction you choose through consistent operating principles.
However, if you judge the direction rather than choose the direction, you may use more methods and techniques to increase your winning rate and profits. These technical methods are not wrong in themselves, but because the starting point has changed, trading has inadvertently become a game of competing techniques, which is actually a choice, operational, and human nature issue.
Therefore, I suggest that everyone must actively learn. After obtaining any method, you must review it and look at your own trading experience.
Here are a few trading suggestions for everyone:
- Manage your positions well, do not overweight or fully load, and avoid impulsive operations.
- Always set stop-loss and take-profit for each trade, do not hold positions, and avoid bottom fishing (top picking).
- Adjust your mindset, do not be impulsive, as mindset is the key.
True investment is not just the accumulation of money, but also the expansion of social connections, broadening of vision, continuous improvement of life, continuous upgrading of emotional intelligence, and continuous iteration and adjustment of values. Do not hesitate to communicate and discuss any difficulties in the cryptocurrency circle. For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin in the cryptocurrency circle) to obtain the method: the top ten daily can receive unwinding strategies for free.
Mr. Coin's message: Life is often a continuous run, not a momentary burst, but depends on persistence along the way. Many times, success comes from persistence. Before everything is conclusive, we should not stop. This is the only way to continuously progress in self-growth and self-transcendence, and to affirm oneself. In the end, profits can take care of themselves, but losses will not resolve themselves, so pay attention to risk control. The current market trend is biased towards an upward trend, so everyone should operate with the trend.
For more real-time singles, you can follow my official account to obtain them. You can also learn technical analysis online and unwind. I have studied the market for many years, analyzed the major trends in the cryptocurrency circle, and guided the trading of BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who are not familiar with trading, you are welcome to study and learn together.
This article is exclusively written and shared by Mr. Coin in the cryptocurrency circle, representing Mr. Coin's exclusive viewpoint. The article is sent with a delay, and the risk is self-borne. Reasonably control your positions and avoid overloading or fully loading. Mr. Coin hopes that all fans and friends can achieve financial freedom together and move forward together. In the depths of time, grasp an understanding, and in investment, learn to be optimistic. Do not let the future you dislike the present you. We live in reality, but not every piece of data needs to be taken seriously. Let the past go, and let the future come faster! Rest well, prepare yourself, and be ready at any time. Let's go!
- This article is written by Mr. Coin in the cryptocurrency circle, and plagiarism is rejected. Respect originality!
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