How suckers turn into sickles: 7 key points (100 lectures on short-term trading/Part 5)

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1. First, adjust your mindset: consider speculation in coins as a long-term investment, and don't focus too much on short-term gains and losses. Only in this way can you easily speculate in the coin market.
2. Use spare money to speculate: The funds for speculating on coins must be spare money that will not affect one's life even if lost. Only by using spare money to speculate on coins can one afford to take it and let it go.
3. Seize the time to learn: If you want to speculate on coins, quickly understand practical trading strategies, practice more, and summarize more.
4. Be cautious in the first battle: Many people have limited funds, so they must pay attention to practicality, especially for the first speculation. They should be well prepared to ensure victory in the first battle. Before operating, they should simulate and practice more, gain some experience before taking action. Otherwise, they will be trapped or cut as soon as they enter, which will greatly undermine their confidence.
5. Preserve the principal and speculate with the money earned: it will make you feel relaxed and make your operations more flexible.
6. Summarize your own set of methods: To transform from a sucker to a sickle, you must eliminate chasing after rises, be full of the thought of being fully loaded, and always remember that as long as you don't chase after highs, a sucker can become a sickle. You should be good at learning and be able to summarize a set of operational skills suitable for yourself through practical operations. This is the fundamental way to become a sickle.
7. Only trade strong leading coins: Concentrate your funds and trade the leading coins. If your funds are diversified, not only will it increase the trading costs, but it will also distract you, making it difficult to accurately analyze and grasp the market characteristics of each coin. #行情震荡下的投资策略