For those in the crypto world who haven't made 1 million in over a year, here are 10 tips. If you follow them and still don't make 1 million, you can really consider leaving!
1. Small funds need to learn to wait $BTC
If your capital is under 200,000, don't trade every day. Catching a major upward wave once a year is better than anything else. I've seen too many people lose their capital by constantly trading. Remember: staying in cash is also a skill!
2. Practice courage before real combat
If you can't even understand the demo account, don't send money! Back in the day, I lost over a million in virtual currency on a demo before I dared to invest real money. Now, exchanges have demo features; practice for half a year first.
3. Good news is a selling signal
If you don't sell on the day of major good news, you must sell at a high opening the next day! Last year, how many people didn't sell with the Luna news and ended up losing everything? Remember: when good news is realized, it marks the start of bad news!
4. The holiday must drop curse
A week before major holidays like Spring Festival and National Day, quickly reduce your positions! It's a hard rule that the crypto market drops during holidays; even the big players need to celebrate, and without dumping, how can they afford to eat, drink, and have fun?
5. For mid to long-term, know how to do T
Holding onto stocks without trading makes you a retail investor. Experts know how to sell high and buy low. Last year, I made three times my capital on SOL by trading in waves, which was safer and more profitable than just holding!
6. Short-term trading looks at volume and price
Don't touch coins that lack volume! Look for active coins with daily volatility over 20%. Remember: sideways coins can wear down your patience, but volatile coins can help you profit. #加密市场回调
7. After a sharp drop, there must be a sharp rise
The harder the drop, the stronger the rebound! After the FTX crash last year, those who dared to buy the dip made a fortune. But remember: buying the dip should be done in batches, don’t go all in at once!
8. Be decisive with stop losses
If you don't cut losses at 5% and wait for 50% losses? I've seen too many people turn short-term trading into long-term holding. Remember: the market always presents opportunities, but if you lose your capital, it's truly gone!
9. The 15-minute K-line magic tool $SOL
Short-term traders not looking at the 15-minute K-line are like blind men feeling an elephant! Combined with the KDJ indicator, you can pinpoint buy and sell points accurately. This is my short-term trading secret I've used for 5 years!
10. One trick to eat all $TRUMP
Knowing 100 indicators is not as good as mastering one! The experts I know have played MACD or Bollinger Bands to perfection, while those who change strategies daily end up losing heavily!
Finally, here's a word for you: in the crypto world, discipline is more important than skill! If you can strictly follow 3 out of these 10 tips, come find me next year if your account doesn’t double! Remember, the longer you stay, the more you can earn; don’t be like those gamblers who go all in!
