Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

This is some valuable insights from a fren who made tens of millions in the crypto world over the past ten years! The fren is now free, full of valuable insights!! Prize Q&A!!


1. When the market crashes, if your coin only drops slightly, it indicates that there are market makers protecting the price, preventing it from falling. Such coins can be held with peace of mind, and there will surely be rewards in the future.
2. For new users trading coins, there is a simple and direct method: for short-term trading, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it, and sell once it drops below. For medium-term trading, look at the 20-day moving average; if the coin price is above the 20-day line, hold it, and exit once it drops below. The method that suits you best is the one that works, and the key is to stick to its execution.
3. If the main upward trend of the coin price has formed and there is no obvious increase in volume, then buy decisively. Continue to hold during volume increases, and hold if there is a decrease in volume but the trend is not broken; if there is a volume decrease and the trend is broken, then quickly reduce your position.
4. After short-term buying, if there is no movement in the coin price within three days, sell if you can. If the coin price drops after buying and the loss reaches 5%, stop loss unconditionally.
5. If a coin has dropped 50% from its peak and has continued to fall for 8 days, it indicates that it has entered an oversold state, and a rebound may occur at any time; you might consider following up.
6. When trading coins, choose the leading coins, as they rise the most when the market is up and are the most resilient when the market is down. Don’t buy just because the coin price has dropped significantly, and don’t avoid buying just because it has risen a lot. The key to trading leading coins is to buy at high levels and sell at even higher levels.
7. Trade in line with the trend; the lower the buying price is not necessarily the better, but the more suitable it is, the better. Do not easily call the bottom during a decline, and give up those underperforming coins. The trend is the most important.
8. Don't get carried away by temporary profits; it's important to know that sustained profitability is the hardest. Take time to review and see whether your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to continuous profits.
9. Do not force trades without sufficient confidence. Being in cash is also a strategy, and learning to be in cash is important. The first consideration in trading should be to preserve capital, rather than to make a profit. Trading is not about frequency, but about the success rate.
View Original
post-image
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)