If you haven't made a million in over a year of trading cryptocurrencies, and after reading these 10 key points, you still can't make money, come find me.
1. If your capital is not large (for example, under 10), capturing a major uptrend once a year is enough. Don't always be fully invested; keep enough cash to respond to unexpected situations. There are always opportunities in the market, but once your principal is lost, the opportunities are no longer yours.
2. Cognition determines wealth. A person can never earn money beyond their understanding. Simulation trading is a good tool for practicing mindset and strategy, but it cannot fully replicate the emotional fluctuations of the real market. In real trading, each failure can bring significant psychological pressure, even leading you to completely exit the market. Therefore, start with small capital and gradually improve your understanding and abilities.
3. When encountering significant positive news, if you haven't sold on that day, decisively sell when the market opens high the next day. The market often experiences selling pressure after the good news is realized; this is a rule of thumb for short-term trading. Don't be greedy; take your profits.
4. When a major holiday approaches, reduce your holdings or go to cash a week in advance. Historical data shows that market liquidity declines during holidays, making it prone to significant fluctuations or declines. Avoiding uncertainty is a wise choice.
5. The core of medium to long-term investment is to keep enough cash, gradually offload when the market rises, and buy back in batches during downturns. Rolling operations can reduce holding costs while maintaining flexibility.
6. The key to short-term trading is to choose active cryptocurrencies. Coins with increased trading volume and significant price fluctuations are more likely to provide trading opportunities. Avoid inactive coins; poor liquidity can lead to difficulties in buying and selling, or even getting trapped.
7. Slow declines are usually accompanied by slow rebounds, while rapid declines lead to quick rebounds. Understanding this can help better grasp the timing for bottom fishing and topping out.
8. Stop-loss is the essence of survival. Acknowledge your mistakes and cut losses in time. The market always has opportunities; preserving your principal is the prerequisite for long-term profit.
9. Short-term traders must pay attention to the 15-minute candlestick chart and use the KDJ indicator to find entry and exit points. Signals from the KDJ indicator in overbought and oversold areas are especially important, but be sure to combine them with other indicators (like MACD, RSI).
This is a recent operation I conducted with fans, achieving a profit of 9 times with BERA.
Fans are ecstatic; tonight is another great opportunity, preparing to layout.
I will help fans buy low on Ethereum; leave a comment '999' to get on board.
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