$XMR If you want to start a big business with a small capital, here are a few tips:
1. Choose Coins: Follow the popular and strong coins, don't touch those obscure coins that no one pays attention to. Look for coins that have not risen more than 7%, this way you are following the footsteps of the big players.
2. Trading Cycle: Short-term operations, just like guerrilla warfare, quick entries and exits, don't get bogged down.
3. Trend is King: Don't be afraid just because the price is high, or buy just because the price is low, follow the trend, don't scare yourself.
4. Position Management: Start with a position control of 20% to 30%, if the market is good, gradually increase your position, but don't add too much at once, it should be like a pyramid, wide at the bottom and narrow at the top.
5. Moving Average Indicator: The 10-day moving average is the main operating line for the big players, if the price pulls back to here but does not break below, it is a good time to enter.
6. Review: Remember to save your transaction records, analyze the reasons for each loss, such as entering too early, being too nervous, holding too long, having too large a position, etc., so that you can continuously improve.