Haven't made a million after years of trading crypto? Remember these 10 straightforward tips, and if you follow them, you can at least reduce your losses by 50%!
1. Don't go all in
If you have little money, learn to be frugal; catching one bull market a year is enough. Always keep enough money for living expenses, don't invest it all!
2. Don't force it if your understanding is lacking
Practicing on a demo account is fine, but when it comes to real money, you need to weigh your own capabilities. If you don't understand the principles of blockchain, go learn how to bargain at the market first—if you can't figure that out, don't enter the market!
3. Run when there's good news
Sudden good news at midnight? If it opens 5% higher the next day, withdraw quickly! When the big players pump to sell, retail investors will show their true colors on the same day.
4. Clear your positions before holidays
Go completely cash a week before the Spring Festival/ National Day; the big players know how to take vacations better than you do. When you come back after the holiday, your account might shrink by 30%.
5. Hold long positions and don’t play dead
Hold onto mainstream coins like Bitcoin, sell in batches as it rises (for example, sell 1/5 for every 10% increase), and buy more if it drops to average your cost. Don't stare at the market every day!
6. Only trade popular coins short-term
Only touch the top 20 coins by trading volume; stay away from obscure coins (daily trading volume < 100 million)! The big players will harvest you without warning.
7. Coins that have dropped can rebound
Coins that have been slowly declining for 3 months can still recover, while coins that suddenly drop 50% often rebound violently. But remember: only bottom fish, don’t go all in!
8. Don’t stubbornly hold on when losing money
Set a stop-loss line at 10%! For example, if you lose from 10,000 to 9,000, cut your losses; holding onto 9,000 gives you a chance to recover. Holding stubbornly may turn 9,000 into 900!
9. Look at 15-minute K-line for short-term
Focus on the 15-minute KDJ indicator; the golden cross (buy signal) and death cross (sell signal) are particularly accurate. Use the MACD daily chart to determine the overall direction.
10. Don’t overcomplicate your analysis
KDJ + MACD + Bollinger Bands are enough! Learning too much is like cooking with ten different spices at once; in the end, everything burns, and you won’t even know what went wrong.
Finally, let’s be honest:
Making money in crypto = 30% luck + 40% discipline + 30% understanding. If you follow these 10 tips, even if you lose, you’ll lose clearly. If you still can’t make money by following this, either you have bad luck, or the big players are targeting you.