After over a year of struggling in the crypto world, have you still not achieved a million in profits?
These 10 practical tips might help you open up new avenues for profit. If you still see no improvement after learning them, feel free to reach out for a chat!
1. With limited funds (under 200,000), catching a major bull run once a year is sufficient. Avoid blindly over-investing, and learn to control your position size reasonably.
2. Wealth accumulation stems from knowledge. First, hone your mindset and courage through simulated trading; simulated trading allows for multiple trial-and-error attempts, while failures in real trading can lead to total loss and even the loss of courage to re-enter the market.
3. When significant positive news appears, if you haven't sold off by the end of the day, be sure to sell at a higher opening the next day. Profits can often hide risks.
4. A week before major holidays, it is advisable to reduce positions or even go to cash. Past experiences show that the market is likely to drop during holiday periods.
5. For medium to long-term investments, reserve enough cash and follow the principle of 'selling high and buying low' to obtain profits through rolling operations.
6. In short-term trading, focus on trading volume and candlestick patterns, choose actively traded cryptocurrencies, and avoid obscure ones.
7. Market trends indicate: when the decline slows down, rebounds are weak; when the decline accelerates, rebounds will also be more vigorous.
8. If you make a wrong judgment, decisively cut losses; preserving your capital is fundamental to standing firm in the market.
9. For short-term operations, closely monitor the 15-minute candlestick chart and use the KDJ indicator to seize buying and selling opportunities.
10. There are many trading techniques, and you don't need to master them all. By mastering a few strategies, you can secure a place in the market.
