👊 If you've been trading cryptocurrencies for over a year and are still losing money, come find me after reading these 10 key points!
These are the core insights I've summarized from over a decade of practical experience, having faced countless pitfalls:
1️⃣ If your capital is not large (under 200,000), catching a major upward wave once a year is enough; don’t go all in every day.
2️⃣ Awareness determines wealth; first, practice your mindset and execution with a simulated account. Losing once with real capital might lead you to exit the market.
3️⃣ Major positive news = selling signal; if you don’t sell on the same day, make sure to exit if the next day opens higher.
4️⃣ Reduce your positions a week before holidays; historical patterns tell us: holidays often lead to declines.
5️⃣ For medium to long term, keep cash on hand; buy high and sell low, rolling operations is the right way.
6️⃣ For short-term trading, focus on trading volume and patterns; trade actively when it's lively and avoid when it's not.
7️⃣ Slow declines lead to slow rebounds; fast declines lead to fast rebounds.
8️⃣ Acknowledge your mistakes when buying; stop-loss is essential for survival; capital is king.
9️⃣ For short-term trading, always check the 15-minute K-line in conjunction with KDJ to find excellent entry and exit points.
🔟 There are countless technical methods; mastering a few can sustain you, so don’t be greedy.
📌 In summary: trading cryptocurrencies isn't about betting every day but about discipline and execution.
Understanding these 10 points, you're just one cycle away from turning things around.
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