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Details: ht
Recently, during a conversation with an accomplished investor in the Crypto Assets field, he shared a thought-provoking experience. This investor once suffered significant losses of up to 50 million due to Futures Trading in just three days. However, he is now among the billionaires, thanks to his precise operations in the Digital Money market.
He emphasized that, in addition to solid technical analysis skills, he has also summarized several trading strategies suitable for beginners:
1. Seize pullbacks and rebounds: After significant fluctuations in the market, short-term pullbacks or rebounds often occur. Capturing these opportunities can yield relatively stable profits. This requires investors to have keen market insight and the ability to accurately assess temporary highs and lows.
2. Choose the appropriate trading time: Usually, the morning and afternoon sessions have smaller fluctuations, suitable for conservative investors. Although profits are slower, the risks are also relatively low. In contrast, the evening and early morning markets have larger fluctuations, suitable for investors with higher risk tolerance, but require higher technical skills.
3. Utilizing Volatile Markets: The market is in a volatile state most of the time. In this case, buying low and selling high within the price fluctuation range is a robust way to profit. This strategy mainly relies on technical indicators such as Bollinger Bands and box theory, with the key being the accurate identification of support and resistance levels.
4. Pay attention to support and resistance: Understanding and utilizing support and resistance levels in the market is the foundation of successful trading. This requires the comprehensive use of various technical indicators and chart analysis to identify key price levels.
The experience of this investor tells us that even in the face of significant setbacks, as long as one continues to learn and improve, there is still an opportunity to succeed in the Digital Money market. However, we should also be aware that the Crypto Assets market is extremely risky, and investors should act cautiously and manage risks effectively.