I remember when I first entered the market, I had less than 100,000 in hand, and I watched the market every day like it was a battle, feeling tense and anxious. After years of struggles, I summarized 9 practical experiences. Learn them, and you too can achieve your first million in life!
1️⃣ Don't be greedy with small funds
Don't hold too much, don't think about holding positions all day. Just capture one big market movement each day. I tried going all in, and as a result, I got dizzy from the fluctuations and didn't make any money. Slowly and steadily, you won't easily crash.
2️⃣ Sell on good news
The coin price soared due to good news, I hesitated for a moment, thinking 'wait a little longer', and the next day it opened high without selling, resulting in a decline. The cruelest thing in the crypto world is greed; good news is often the peak, and those who act quickly are steady.
3️⃣ News + holidays, reduce positions at critical moments
Major events are approaching. When the market is unclear, reduce your position or stay out in advance. Wait for the news to land, and when the market becomes clear, operate accordingly for stable profits. Newcomers often overlook this, but experienced players understand.
4️⃣ Leave room for light positions in medium to long-term trading
In medium to long-term trading, don't start with a heavy position. I once bet on a coin and lost everything in a few days. Light positions with slow accumulation are the true way.
5️⃣ Quick entry and exit in short-term trading
In short-term trading, the most feared is dragging things out. Enter decisively, if the market is not right, exit immediately. Greed can easily lead to losses; the painful lessons I learned from my losses will stay with me for a lifetime.
6️⃣ Follow the rhythm of the market
Market can sometimes be as slow as a snail, and sometimes as fast as lightning. Follow the rhythm, don't be too clever. I used to want to predict the market, but ended up being stuck with my full position.
7️⃣ Timely stop-loss
If the direction is wrong, a stop-loss is a weapon to protect your wallet. Don't hold on stubbornly; the bigger the loss, the more hurt your mindset becomes. Learn to stop-loss, and both your wallet and mindset will stabilize a lot.
8️⃣ Must watch the 15-minute K-line
Short-term operations, 15-minute K-line is essential. The KDJ indicator can help you find entry points. I ignored it and missed several doubling opportunities.
9️⃣ Mindset is the most important
The crypto market is volatile, so have a strong heart. Don't let short-term fluctuations affect your emotions; only calm people can earn long-term money. I once lost hundreds of thousands overnight, but after adjusting my mindset, the opportunity to recover came.
Adjust your mindset well, and don't hesitate to act when the time is right.
I have already positioned for the next big market wave, ready to help you easily make profits!
