Top ten virtual currency trading experiences Newbie trading experience and NFT investment experience sharing

Do you have any trading experience in the virtual currency market? Share your top ten trading experiences in the virtual currency bull market! Sharing of virtual currency trading experience and NFT buying and selling experience for newcomers! For newcomers in the crypto field, trading is not accomplished overnight, but a process that requires continuous accumulation of experience and lessons learned. This article compiles the valuable experiences of traders who have gone through the bull and bear cycles and compiled them into the top ten trading tips. It decrypts the trading passwords of the encrypted market and helps you avoid detours on the investment road and obtain better returns.

Today I would like to share with you some experiences accumulated by some experts in the virtual currency market. Some are suitable for newcomers, some are suitable for experienced currency friends, and there are also some experiences summarized by everyone. I hope you like it and can learn from it. A little something!

Top Ten Trading Experiences in the Bull Market

1. Make arrangements early and cautiously chase the rise

In the crypto market, there are often some popular projects or industry, triggering crazy pursuit in the market. Many investors will follow the trend, hoping to buy the bottom when the project reaches its peak and make huge profits. However, often when everyone is talking about a certain project, its value has been fully reflected in the market, and entry at this time often faces greater risks. Therefore, we should make arrangements early and seize opportunities before the project has received widespread attention, instead of greedily chasing the rise and missing opportunities.

2. It is important to record transaction details

Whether you are a newbie doing airdrops or an active spot investor, it is important to record the details of every transaction . Because human memory is limited, it is difficult to keep everything in mind. By recording transaction details, we can have a clearer understanding of our own trading behavior, discover problems, and summarize experiences, thereby improving the efficiency and accuracy of transactions.

3. Facing failure and moving forward

Failure in the crypto market is inevitable, but it is important that we learn from failures, continue to accumulate experience, and move forward. Every failure is a valuable experience, allowing us to understand the market more clearly and invest more prudently. Only by having the courage to face failure can we truly achieve success.

4. Multiple suggestions and independent thinking

Social media is full of various investment suggestions, which can sometimes be confusing and difficult to choose. However, we cannot blindly follow the trend, but need to conduct independent research and analysis. Even advice from seemingly authoritative experts or opinion leaders requires careful consideration. Because everyone's investment goals, risk tolerance, and market views are different, only through independent thinking can we make more informed decisions.

5. Don’t get distracted

There are so many projects, news, and events in the crypto space that it’s easy to get distracted. However, attention is a limited resource, and spreading too much often leads to confusion and mistakes in investment decisions. Therefore, we should focus our attention, choose to focus on those projects and events that are truly important, and avoid wasting time and energy on meaningless things.

6. Diversified investment allocation

Diversified investment is an effective way to reduce risks and increase returns. By investing in different projects and industries, we can diversify risks and avoid major losses due to adverse changes in a certain project or industry. Therefore, we should allocate our investment portfolio rationally and achieve diversification to obtain steady returns.

7. Don’t pursue excessive returns

Sometimes there will be some high-yield investment opportunities that attract investors’ attention. However, high expectations often bring greater risks and result in the loss of more money. Therefore, we should remain rational, aim for steady profits, and avoid blindly pursuing excessive returns, thereby reducing investment risks.

8. Follow but not blindly follow

The market is changing rapidly and new projects are emerging one after another. Sometimes, following the development and trends of the industry is the right choice, but we cannot follow blindly, but must make rational judgments and make prudent decisions. Therefore, we should keep paying attention and understand the market dynamics, but do not follow them blindly, but invest according to our own judgment and strategies.

9. Be cautious when reinvesting profits

When you make a sum of money, you often have the urge to reinvest, hoping to turn the profits into greater profits. However, this behavior often comes with high risks. In the crypto market, projects have greater uncertainty, and reinvestment may bring unexpected losses. Therefore, we should be cautious about reinvesting profits and protect the profits already obtained.

10. Use 3EX AI trading tools to get twice the result with half the effort

In crypto trading, there are many tools that can help us analyze, monitor and make decisions. We should choose those tools that are truly effective and use them accurately instead of pursuing quantity. Precisely used tools can help us conduct transactions more efficiently and improve the success rate of investment. 3EX is the world's first one-stop AI trading platform. Its core concept is to provide users with a simple and convenient trading experience. By fully integrating the intelligent programming capabilities of GPT-4, users can customize personalized trading strategies, realize real-time simulated profit and loss, real-time configuration, automatic operation and other functions through simple conversations. 3EX also provides one-click follow-up AI strategy services. Users can easily choose and follow multi-dimensional high-quality AI trading strategies and enjoy the convenience and benefits brought by AI trading.

What newcomers must know

1. You must choose a trading platform

First of all, there are three major exchanges, mainly Binance cb OK, other exchanges are far behind the three major exchanges in terms of user volume, security and currency types. The most important thing about investment is not the doubling of the investment, but the safety of the funds. Investment only makes sense when the funds are safe. Otherwise, there is no way to withdraw cash. You can refer to the exchange situation in previous years.

2. Account security

Accounts are stolen every year. Many newcomers don’t know the importance of the key at all. When it is stolen, it is too late to regret it. If you want to get it back, it will be like looking for a needle in a haystack. Therefore, for the sake of account security, you can download the Google Verification Code (Authenticator) and verify it every time you log in. Don’t be too troublesome.

3. Exchanging legal currency for virtual currency

The three major exchanges have separate sections for deposits and recharges. When choosing a merchant, give priority to one with a higher praise rate. It is best to use yhk. Don’t use Alipay, otherwise once banned, it will be difficult to unblock Alipay. Moreover, Alipay is a national-level app. Banning it will have a great impact on your future life, so it is not recommended to use it.

4. Purchase currency

Prioritize holding big pie and second brother. Many newcomers see that the price of big pie and second brother is very high, and feel that they cannot buy much. They think it is expensive and not worth it. If you like to buy altcoins, you can buy thousands or even tens of thousands of them at once. This is a common mistake made by newcomers. Bitcoin can be cut into 0.00001, and you can buy it for 1,000 yuan. The second fluctuation is relatively small, and altcoins are possible in the next second. Falling 90%, infinitely refreshing the lower limit. The result is that you are in the circle today and out of the circle tomorrow.

5. Don’t play with the contract

If you beat a dog with a meat bun, you will never come back. No matter how much you earned before, as long as you lose once, you may return to before liberation overnight.

6. Watch more and move less

Many new people bought 1,000 yuan and wished they could operate it 10 times a day. Originally, the currency price did not fall. However, the more operations were performed, the less money was spent, and all the fees were contributed to the exchange. Well, whether it is the currency circle or stock market futures, if you want to make money in the financial market, if you don’t have a first-hand source of information, you have to wait for the opportunity and be more patient than others, so that you can make other people’s money.

Experience

No matter how awesome the project is, don’t chase high if you miss it, there are many opportunities for correction

Or enter at a very early stage Market - low market capitalization, high profit-loss ratio.

Either enter the market after understanding it - take profit or stop loss to control the rhythm.

Either enter when there is a certain opportunity - a high margin of safety.

Don't enter the market with FOMO - irrational, impulsive, easy to lose money.

Don't enter the market when you don't understand it and it's already at a new high - if you don't understand it, you won't be able to hold it, or you'll cut off the meat, or you'll run away with a little profit, and the probability of losing money is high.

About nft

1. We are here to make money, not to be collectors.

2. Buy the NFT you are optimistic about when no one is discussing it. When many people are discussing and buying it, sell it or take the profit.

3. In the current market, if OS has no profit, don’t mint WL unless you like it very much.

4. The style of painting determines the opening, and the team determines the future. Think about this clearly.

5. Only NFTs that have broken through are worth taking. 99% of NFTs will return to zero or fall back. Promise me not to be a diamond player.

6. Play with small funds such as Tugou and Liver WL, while those with larger funds will wait for the fall to buy blue chips and new potential projects.

7. Never worry about selling out or picking up the project before you get on the bus. There are too many new projects every day. It is recommended to just take the next one unless you think it has great potential.

8. When you have nothing to do, listen to music more, watch more movies and go out for a walk. It is best to go to more art and fashion exhibitions or get to know more foreign celebrities. It will also be helpful to your NFT purchase. .

9. Usually do more review, why do you make money in this NFT, why do you lose money in this NFT, a good memory is not as good as a bad writing, it is always okay to read more and write more.

10. Moderate rest can help relieve aesthetic fatigue or fatigue.

Key point: If you want to make money in the financial market, you must be patient. If you don’t have a first-hand source of information, just wait for the opportunity honestly. Only by being more patient than others can you make other people’s money.

These trading experiences are not only the summary of many years of experience, but also the golden key to investment in the crypto market. Through careful study and practice, we can better grasp the pulse of the market, make more informed investment decisions, and obtain steady returns.

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