#密码资产动态追踪 Trading in the crypto space, the easiest trap for beginners to fall into is a lack of discipline. These 6 tips are based on real experience and hard lessons. Sticking to them can help you outperform most people.
**Only consider adding to your position when you're making a profit.** Profitable trades can be increased, but never add when you're caught in a loss. Ask yourself: if I didn't hold this coin right now, would I still be willing to buy it? If the answer is no, then don't add more, and even consider reducing your position to stay safe.
**Minute charts and order book details are crucial.** Don't rush to cut losses during a dip in the early session; a deep V-shaped reversal within the day is normal. If there's a sudden surge at the end of the session, it's safer to take some profits early, as a pullback often follows. Very low volume combined with small bullish candles usually signals a bottom in the phase. Conversely, if volume increases but prices don't rise, be alert—it's likely the main players are distributing. Large spikes in price followed by a decline are common patterns in mainstream coins.
**Moving averages are simple yet effective guides.** For short-term trading, watch the 5-day MA: hold as long as it doesn't break; sell if it does. For medium-term, look at the 20-day MA, following the same logic. Follow the trend and avoid fighting against the market; this is key to longevity.
**Clear standards for taking profits and cutting losses are essential.** Cut losses when necessary—don't expect short-term losses to turn into long-term gains. After making a profit, proactively raise your take-profit levels: sell at a 20% gain when retraced by 5%, and clear your position at a 30% gain when retraced by 10%. The market moves fast; earning money and protecting it is the real skill.
**Tips for selecting coins during a sharp decline.** When the market dumps, if your coins are consolidating sideways, it indicates support and that someone is defending the price—hold on. If the market drops and your coins rebound the next day, it's likely a shakeout. Such coins may present good low-entry points in the future.
**Finally: stay away from the trap of chasing highs and selling lows.** Buying at the peak is the start of losses. The best entry points appear during pullbacks, not at the top. Don't panic and sell during a decline; wait for confirmation of key support levels. Only sell if the price breaks below support; otherwise, be patient and wait for a rebound.
These principles sound basic, but few can stick to them long-term. $BEAT These coins like @ZEC@ can all be analyzed using this approach within their respective cycles.
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#密码资产动态追踪 Trading in the crypto space, the easiest trap for beginners to fall into is a lack of discipline. These 6 tips are based on real experience and hard lessons. Sticking to them can help you outperform most people.
**Only consider adding to your position when you're making a profit.** Profitable trades can be increased, but never add when you're caught in a loss. Ask yourself: if I didn't hold this coin right now, would I still be willing to buy it? If the answer is no, then don't add more, and even consider reducing your position to stay safe.
**Minute charts and order book details are crucial.** Don't rush to cut losses during a dip in the early session; a deep V-shaped reversal within the day is normal. If there's a sudden surge at the end of the session, it's safer to take some profits early, as a pullback often follows. Very low volume combined with small bullish candles usually signals a bottom in the phase. Conversely, if volume increases but prices don't rise, be alert—it's likely the main players are distributing. Large spikes in price followed by a decline are common patterns in mainstream coins.
**Moving averages are simple yet effective guides.** For short-term trading, watch the 5-day MA: hold as long as it doesn't break; sell if it does. For medium-term, look at the 20-day MA, following the same logic. Follow the trend and avoid fighting against the market; this is key to longevity.
**Clear standards for taking profits and cutting losses are essential.** Cut losses when necessary—don't expect short-term losses to turn into long-term gains. After making a profit, proactively raise your take-profit levels: sell at a 20% gain when retraced by 5%, and clear your position at a 30% gain when retraced by 10%. The market moves fast; earning money and protecting it is the real skill.
**Tips for selecting coins during a sharp decline.** When the market dumps, if your coins are consolidating sideways, it indicates support and that someone is defending the price—hold on. If the market drops and your coins rebound the next day, it's likely a shakeout. Such coins may present good low-entry points in the future.
**Finally: stay away from the trap of chasing highs and selling lows.** Buying at the peak is the start of losses. The best entry points appear during pullbacks, not at the top. Don't panic and sell during a decline; wait for confirmation of key support levels. Only sell if the price breaks below support; otherwise, be patient and wait for a rebound.
These principles sound basic, but few can stick to them long-term. $BEAT These coins like @ZEC@ can all be analyzed using this approach within their respective cycles.