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Trading cryptocurrencies for half a year without any gains? Instead of blaming yourself for not being diligent enough, it's better to reflect on whether your direction has been off from the very beginning.
The core of trading has never been "busy work," but "rightness." I’ve compiled the experience I’ve gained from paying tuition over the years, hoping to help you avoid some detours.
First, let's talk about capital. If your account has less than 1000U, don’t think about going all-in at once. Don’t believe that frequent operations can change the situation; the key is to find that truly main upward trend. Before the opportunity arrives, "waiting" tests your patience more than "acting."
Practice simulation is a must before real trading. Many people think losing money on a demo account doesn’t hurt, but this is precisely the cheapest and most valuable tuition—allowing you to familiarize yourself with the market rhythm in advance, so you won’t keep making mistakes in real trading.
There are several dead rules to remember in trading: once good news is announced, risk often follows. If the market doesn’t rise on the day of a major announcement, even a high open the next day should prompt you to exit decisively; during holidays, market sentiment tends to fluctuate, so reducing or closing positions is the best strategy.
Medium to long-term trading requires flexible capital allocation for rolling operations, not just blindly holding; short-term trading should focus on active coins. Targets that are too dull will waste a lot of energy and aren’t worth it.
Compared to blindly waiting for a rebound, understanding the rhythm of decline is more important. If your judgment is wrong, cut losses decisively. As long as your principal is intact, the chance to turn around is always there. For short-term trading, focusing on the 15-minute level combined with the KDJ indicator is enough. Don’t make your technical system too complicated—1-2 sets that you can stick with long-term are good systems.
If you’re still confused, feel free to discuss together. I won’t promise you pie in the sky or make reckless commitments; I just want to share some methods to survive in the market. The trading journey ultimately depends on yourself, but avoiding a few pitfalls is already progress.