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On New Year's Eve, I chatted with a friend who has been trading coins for many years. He has been trading coins for 8 years, starting from 100,000 yuan, and now he relies on trading coins to make a living! He told me that the two sentences that could finally turn him around are very short but very practical. I hope all retail investors can think about it, and it's best to write them down.
First, if your principal is less than 100,000 and you always like to do short-term trading, then you must remember that short-term trading is not about buying and selling every day. When you are not sure, just take a break! If the altcoin market is hot, then go all out for the leading mainstream sectors. If there is no sustained market, staying empty and waiting is the best strategy.
Secondly, before a coin experiences a large surge, there is often a period of price fluctuations between -3% and 8%, with small ups and downs and low trading volume. At this time, set the moving average line to 135 days and see if the trading volume is below the average line during the oscillation. Don't rush in too quickly. This is a signal that the main force is secretly controlling the market. However, it should be noted that this method should be used when the coin price is low. Once this situation is encountered, the coin price will most likely take off.
Although the market is currently volatile, it will come back. Be patient and wait for the opportunity to buy on dips. When the time comes, I will lead everyone to target the lucrative opportunities in the altcoin market and make a fortune. Doubling the investment is definitely not a problem.