Good opportunities are rare, even scarce.
With this prior understanding, the strategy will level up, meaning 'most of the time, there's no need to act.'
To further break down this 'no need to act', it means that while holding onto your assets, most of the opportunities you see don’t have participating value—most of the time, you won't even see the shadow of an opportunity.
With the above mindset, you can calm down.
In trading, if you're going to do it, do it like a noble; don’t be a mere ant who is constantly entering and exiting, cutting losses, and paying commissions.
If you've been trading cryptocurrencies for over a year and haven't made a seven-figure profit yet, don't worry; here are 10 super practical tips. If you follow them and still don't make money, come find me! I sincerely hope to help everyone:
1. Don't make rash moves with little money. If your available funds are less than 200,000, just aim to catch one significant price surge in a year. Don't always think about going all in; otherwise, you could easily lose everything.
2. We must understand that how much you know about the crypto space determines how much you can earn. Start with a demo account to build your confidence and mindset; losing a few times on a demo account is fine, but if you mess up in real trading, you might get kicked out of the market.
3. When good news is released, it often turns into bad news. When encountering significant positive news, don’t rush to sell on the same day; however, if the next day opens high, act quickly and don’t hesitate.
4. Be cautious when trading cryptocurrencies during holidays. A week before the holiday, it's wise to sell a bit or even clear your position entirely, as the market often drops during holidays.
5. For medium to long-term trading, the key is 'rolling operations'. Keep some cash on hand: sell a bit when prices rise, buy a bit when they fall, and keep rotating your positions.
6. For short-term operations, focus on trading volume and patterns. Pick coins that have significant price fluctuations and are actively traded; avoid those that have no popularity and are stagnant.
7. The speed of the market can be gauged by the pace of decline. If it drops slowly, the rebound will also be slow; if it drops quickly, the rebound might also be fast.
8. Making mistakes is not scary; the key is to cut losses in time. Preserving your principal is essential to continue playing in the market; if you lose your principal, you have nothing left.
9. For short-term trading, look at the 15-minute candlestick chart and combine it with the KDJ indicator to pinpoint buying and selling opportunities.
10. You don't need to master all trading techniques; just be proficient in a few. There's no need to learn every trick; mastering a couple of methods is enough to survive in the market.
Anyway, the methods and mentality of trading cryptocurrencies are important; the key is to have execution power! Remember this before you start trading!
