5 core suggestions for novice novices: save your life first, then make money, and the cryptocurrency industry will at least avoid half of the detours. 1、 Fundamentals that must be learned at the beginning (avoid pitfalls) 1. Core concepts of contract trading Perpetual contract (no delivery date) vs delivery contract (with expiration date), beginners should practice using perpetual first Leverage ≠ Doubling: Under 10 times leverage, 5% reverse fluctuation leads to a loss of 50% of principal. It is recommended to start from 5 times ◦ Stop loss requirement: Set a 5% -10% stop loss for each transaction (e.g. 8000 yuan principal, single stop loss ≤ 800 yuan) 2. Iron Law of Risk Management ◦ Not resistant to orders: Unconditional stop loss for floating losses exceeding 10%, keeping the principal, not afraid of missing the opportunity 2、 Trading Strategy: Earn Money with "Certainty" 1. Two rules of trend trading Average judgment: In the 4-hour chart, if the 50 day line is greater than the 100 day line and greater than the 200 day line, go long; Conversely, short selling ◦ Indicator Assistance: MACD enters the market with a golden cross above the 0 axis and RSI>50, resulting in a higher win rate 2. Band trading mnemonic ◦ Don't buy at the bottom when falling: wait for the three bullish lines to stabilize before buying at a lower price ◦ Don't chase after rising: Don't chase after deviating from the moving average by more than 20%, wait for a retracement to the moving average 3、 Fund Management: 8000 Yuan Splitting Method (Practical Version) 1. Use of leverage Novices can use 5-10 times: 8000 yuan principal, up to 80000 yuan contract opening (10 times leverage), reducing the risk of liquidation by 50% Floating profit processing: After earning 20%, first withdraw 20% of the profit (e.g. earning 1600 yuan, withdrawing 320 yuan), and then operate the remaining funds 2. Build warehouses in batches First trial position with 40% (3200 yuan), stop loss with 5% drop (loss of 160 yuan) Breaking through the previous high and then increasing by 30% (2400 yuan), leaving 30% (2400 yuan) to cope with the sharp decline 4、 4 practical steps (taking BTC as an example) 1. Target selection: Only mainstream BTC/ETH (strong liquidity, resistance to decline>3 times that of altcoins) 2. Trend analysis: moving average long+MACD golden cross → long; Short position arrangement → no buying at the bottom 3. Position building operation: Open 5 times leverage, buy 26000 BTC for 3200 yuan, stop loss 25700 yuan (loss of 300 yuan), take profit 28000 yuan (gain of 400 yuan) 4. Daily risk control: Check position before closing (not exceeding 10 times principal), adjust stop loss (move up with price to protect profits) 5、 Risk control: 3 life and death lines 1. Do not touch Class 3 minefields Short term skyrocketing coins (90% are pulled by market makers), high leverage (over 10 times the liquidation rate exceeds 60%), full position Suoha (keep 30% cash)