If you want to do big business with a small amount of capital, here are a few tips:
1. Choose coins: Follow the popular and strong coins, and don't touch those obscure coins that no one cares about. Look for coins that have increased by less than 7%, as this means you are following the footsteps of the big players.
2. Trading cycle: Short-term operations are like guerrilla warfare, entering and exiting quickly without dragging your feet.
3. Trend is king: Don't be afraid because the price is high, or buy just because the price is low; follow the trend and don't scare yourself.
4. Position management: Start with a position size 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 line for major players. If the price pulls back to this level without breaking it, it's a good time to get on board.
6. Review: Remember to save your trading records and analyze the reasons for each loss, such as entering too early, being too nervous, holding for too long, or having too large a position, so that you can continuously improve.
