3 Tips for Cryptocurrency Beginners (Practical Tips Without Tricks):
1. Don't bet on the direction; wait for clear signals first. Before the market moves, firmly avoid placing orders prematurely. Observation + patience are far more important than impulsively entering the market. Make sure to identify the trend, pattern, and capital flow. Only enter after all three are confirmed; avoid trading within consolidation zones or rushing for the first candle. Learning to wait is the safest way to maintain sufficient position and confidence. 2. Strictly control your position size; survival is key to turning things around. The biggest mistake new traders make with contracts is going all-in, which accounts for 99% of liquidations! Remember, risk per trade should be controlled within 3%-5% of your account. Contract leverage should be capped at 3-5 times. Always set stop-loss orders to cut off trades supported only by illusions. Avoid liquidation, and your account has unlimited potential. 3. Use a fixed strategy and completely abandon luck-based trades. Thinking "I bet it will go up" or "I feel it will drop today" is a recipe for liquidation. Develop a comprehensive trading plan. If the signals are not met, do not enter. Once conditions are satisfied, strictly follow profit-taking and stop-loss rules. Win with discipline, not luck. I only do real trading, not virtual. If you want to avoid pitfalls and steadily profit, don’t walk the crypto journey alone. Keep up with the rhythm.
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Reward
like
1
Repost
Share
Comment
0/400
HeavenSlayerFaithful
· 9h ago
Good afternoon! 🌞
At the peak of noon sunlight, it's the moment to be fully energized.
May your busyness be echoed back,
Meals bring warmth, and your heart feels a gentle breeze,
The afternoon journey continues smoothly forward.
3 Tips for Cryptocurrency Beginners (Practical Tips Without Tricks):
1. Don't bet on the direction; wait for clear signals first. Before the market moves, firmly avoid placing orders prematurely. Observation + patience are far more important than impulsively entering the market. Make sure to identify the trend, pattern, and capital flow. Only enter after all three are confirmed; avoid trading within consolidation zones or rushing for the first candle. Learning to wait is the safest way to maintain sufficient position and confidence.
2. Strictly control your position size; survival is key to turning things around. The biggest mistake new traders make with contracts is going all-in, which accounts for 99% of liquidations! Remember, risk per trade should be controlled within 3%-5% of your account. Contract leverage should be capped at 3-5 times. Always set stop-loss orders to cut off trades supported only by illusions. Avoid liquidation, and your account has unlimited potential.
3. Use a fixed strategy and completely abandon luck-based trades. Thinking "I bet it will go up" or "I feel it will drop today" is a recipe for liquidation. Develop a comprehensive trading plan. If the signals are not met, do not enter. Once conditions are satisfied, strictly follow profit-taking and stop-loss rules. Win with discipline, not luck.
I only do real trading, not virtual. If you want to avoid pitfalls and steadily profit, don’t walk the crypto journey alone. Keep up with the rhythm.