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📖 Day 1 · Quiz (Single Choic
In the current trading environment, many traders are actively looking for new opportunities. I have recently tried some different trading strategies, especially in the area of new coin trading, and I would like to share some personal experiences and observations here.
Recently, I have mainly focused on the WOD and MTP trading pairs. Although some recommended MCH, after personal evaluation, I believe it is not the best choice. I chose WOD because it has trading competitions, and my trading volume has already exceeded the entry threshold. However, WOD is quite volatile, and I found that trading with 300 units is a relatively safe method. Previously, I tried trading with 1000 units, but I found that the risk significantly increased. After four days of operation, the current strategy is still relatively stable.
It is worth mentioning that MTP performed quite steadily this morning, which could be a good choice.
Concerns about trading security are issues that every trader needs to face. The introduction of new trading rules aims to provide liquidity for new coins and offer additional rewards. This will undoubtedly attract more people to participate in trading new coins. However, it also means that some traditional trading pairs may face the risk of declining liquidity.
My suggestion for new coin trading is:
1. Carefully observe the trading volume, analyze the 5-minute candlestick chart from largest to smallest, and wait for the market to stabilize before entering.
2. Use limit orders instead of market orders for trading.
3. Closely monitor costs, and if any abnormal fluctuations are detected, immediately stop trading.
4. Adopt a small transaction strategy, which is time-consuming but relatively safe. I have personally been using this method, and so far, luck has been good.
Overall, trading new coins may offer potential high returns, but it also comes with high risks. Blindly entering the market or using excessively large trading volumes can lead to significant losses. The key is to remain vigilant, manage risks properly, and continuously learn and adapt to market changes.