On how to make a profit...


Cryptocurrency investment is extremely risky and the market is volatile, so investors should be cautious, and the following points are worth studying.
1. Take profit strategy: Timely take profit is an important means to control risks and maintain profits.
2. Focus on the narrative: Narrative does have some influence in the cryptocurrency market, but fundamental analysis is also an integral part. It may be safer to combine the two.
3. Avoid frequent position changes: long-term holding of high-quality targets is usually more profitable than frequent trading, do not change positions frequently, it is normal for good targets not to rise temporarily, and "hold" is the password itself.
4. Don't feel too expensive: The price of high-quality assets has great potential to rise, and it means that high-quality assets will rise by 10 times.
5. Invest in popular sectors: AI is currently a popular track, and choosing a popular sector may bring high returns, followed by Bitcoin ecology and modularization.
6. Play less Defi: Defi carries a high level of risk and is not suitable for all investors.
7. Focus on a handful of projects: Concentrated investments are likely to lead to higher returns than hundreds of projects.
8. Avoid high-interest lock-up or staking: High interest often comes with high risks and needs to be treated with caution.
9. Anti-market operation: a fall of others is afraid, this time to enter; a big rise is often better than to find the next narrative, not afraid of no good target.
10. Diversification: Investing in the leading and potential high-yield currencies in each sector can balance the risk and return, you can invest in 80% of the leading currencies in each sector, and 20% in the currencies that are riskier in this sector but may also rise more.
11. Sell gradually or follow expert advice: The selling strategy should be developed gradually and in batches according to market conditions and personal investment goals.
12. Small funds are not in a hurry: investment is a long-term process, which requires patience and a steady strategy.
13. Learn to adjust when you lose money continuously: When there are continuous losses in your investment, you should pause the operation, learn new knowledge and adjust your strategy. If the rhythm is messy, learn first, have knowledge in your chest, and have confidence in your heart, operation and rhythm.
14. Stop loss and confirm the purchase error: Timely stop loss can avoid the expansion of losses, but it is necessary to accurately judge when to stop loss. There is a cost to holding a position, and if you confirm that you are buying wrong, then you can stop the loss, and you may earn it back several times elsewhere - but how to confirm it?
15. Consider Market Sentiment: Market sentiment has a big impact on the cryptocurrency market. Before buying, think more about whether someone else will FOMO a target, and when it falls, think about whether others are too afraid to bring opportunities.
Cryptocurrency investing is a high-risk, high-reward field that requires a good understanding of the market, investment skills, and risk awareness. At the same time, staying calm and rational about market volatility and investment opportunities is the key to success.
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Mansourian69vip
· 2024-03-25 05:58
Diamond 💎 hands
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