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The three realms of the crypto world: apprentice, master, ancestor (which realm are you?) )
I am also an ignorant Newbie from a second-tier crypto world, stumbling to now, going through ups and downs, and tasting sweet and bitter. In this senior journey in the cryptocurrency world, I gradually realized the triple realm of Cryptocurrency Trading: the "apprentice" who buys, the "master" who sells, and the "grandfather" who short position.
1️⃣。 Enter the realm of "apprentice".
In the crypto world, buying coins can be said to be the first step to get started. However, this step is not easy. Newbies tend to get lost and overwhelmed by the various altcoins. But I want to tell you that buying coins is also skillful.
No matter how unpredictable the market is, we always need to maintain a steady mindset. I recommend that you put half of your position in Bitcoin and Ethereum, which are the cornerstone of the idol of the crypto world and the most secure investment option.
The remaining Positions need to be selected according to market conditions and our own judgment. When the Bull Market comes, and all kinds of alt coins are springing up, this is when we need to keep a clear mind and keenly capture those potential coins.
Of course, this does not mean that we should blindly chase high, but we must analyze rationally and operate steadily. Remember, Cryptocurrency Trading is not gambling, but requires us to gamble with wisdom and courage.
2️⃣ Sell the "master" realm.
Selling coins is more of a test of our skills and mentality than buying coins. Very long people always want to be able to sell at the highest point, but it is actually an unrealistic fantasy. The market is fast-moving, and we can't predict what the future holds.
Therefore, we need to learn to set reasonable take profit targets and strictly implement them. For example, you can set a profit target based on your needs, and when this goal is reached, sell decisively and don't be greedy.
In addition to setting take profit targets, we also need to learn to use technical indicators to assist our decision-making. MACD, Candlestick and other indicators are tools in our Cryptocurrency Trading process. By observing the changes in these indicators, we can spot the turning point of the market in time, so that we can make the right decisions.
Of course, this requires a certain amount of expertise and experience.
3️⃣ Short position of the "grandfather" realm.
Short position is the highest level in Cryptocurrency Trading, and it is also the most difficult realm to achieve. In a bull market, we need to be quiet and not be fooled by the frenzy of the market; In a Bear Market, we need to be patient and wait for opportunities to come.
Short position is not easy, because we need to resist the temptation and pressure of the people around us, and maintain our independent thinking and decision-making ability. Only by truly mastering the art of short position can we be invincible in the crypto world.
Because Short Position means that we can enter the market at any time to buy the dips and get the maximum profit; It also means that we can avoid huge losses when the market falls.
Remember, Cryptocurrency Trading is not a sprint race, but a marathon race. We need to have enough patience and perseverance to go further and more stable in the crypto world.
Cryptocurrency Trading Triple Realm. Every step requires us to learn and practice with our hearts, and constantly improve our skills and mentality.
Only in this way can we find our own piece of shorts in the crypto world, a world full of opportunities and challenges.
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