From 1000u to 20 million, a 9-year blood and tears history of the cryptocurrency market revealed! Brothers, I have been in the cryptocurrency market for 9 years, making me a veteran who has crawled and rolled in this circle for many years. Over these years, I have experienced many of life’s darkest moments; that feeling is something that ordinary people cannot bear. Liquidations were as common as daily meals, debts suffocated me, and online loans wrapped around me like a tight curse. I couldn't eat or sleep well, and I fell into a deep abyss of despair. There was even a moment when I stood on the rooftop, thinking that perhaps ending it all would bring relief. Once, I had 200,000 as capital and lost it all in one day; that feeling of falling from the clouds to the bottom is still haunting. However, heaven does not disappoint those who are earnest; it took me 6 years to turn 1000u into 20 million! Today, I will share the valuable experiences accumulated over these 6 years without reservation, hoping to help everyone avoid detours in the contract circle and achieve the dream of financial freedom as soon as possible.
The following 9 pieces of practical advice for trading cryptocurrencies are all hard-earned with real money over the years, so please listen carefully.
1. For small funds, seeking stability is key: If your capital is within 100,000, catching a big market movement once a day is already quite good. Never be greedy, and certainly don't go all-in. In the ever-changing cryptocurrency market, even a small fluctuation can lead to total loss; steady and solid operations are the secret to survival for small funds.
2. Don’t hesitate to sell on good news: When major positive news arrives, if you haven't sold the same day, you must decisively sell when the market opens high the next day. Understand that the moment good news is realized often coincides with the onset of bad news. Do not let a temporary rise cloud your judgment; it is wise to secure profits in a timely manner.
3. Pay attention to news and holidays: The impact of news and holidays on the cryptocurrency market is significant. Before major events occur, make sure to adjust your trading strategy in advance; reduce positions if necessary, and go to cash if needed. If you find it difficult to determine the direction of the market, don’t rush to act; wait until the market clarifies before taking action, as this can greatly reduce risk.
4. Light positions for medium to long-term safety: When making medium to long-term investments, you must enter with light positions. The market is like the weather in June, changing rapidly, and heavy positions carry too much risk. If the market reverses, it could lead to devastating losses. Steady investment, gradual gains, is the long-term strategy.
5. Quick entry and exit in short-term trading: In short-term trading, the key is to go with the trend and act quickly. When the market is clear, find the right entry point, and upon making a profit, hurry to exit—do not be greedy for more. If the market is unremarkable, patiently wait in cash and do not hesitate, lest you miss a good opportunity.
6. Volatility and corrections have patterns: When the market fluctuates slowly, the speed of rebounds will also be slow; when the market fluctuates rapidly, corrections will happen quickly. By grasping this pattern, you can better seize buying and selling opportunities, entering at the right time and exiting at the right time.
7. Timely stop-loss without holding on: If you enter at the wrong point or misjudge the market direction, you must immediately stop-loss. Stopping losses is key to preserving capital; holding on will only cause losses to snowball, ultimately dragging you down completely.
8. The 15-minute K-line chart shows its magic: Short-term investors must learn to read the 15-minute K-line chart, combined with the KDJ indicator, to precisely find entry opportunities. Don’t underestimate this small skill; it can save you a lot of detours at critical moments.
9. Mindset is key: The techniques and methods for trading cryptocurrencies are varied, but mindset is the key to success or failure. The cryptocurrency market fluctuates wildly, like a roller coaster ride. If your mindset is poor, it’s easy to be swayed by market emotions and make wrong decisions. Therefore, it is crucial to adjust your mindset, avoiding greed and fear, and maintaining calmness and rationality.
Finally, I want to remind everyone that trading cryptocurrencies carries risks, and one must be cautious in entering the market. Everyone should formulate investment strategies based on their actual situation. I hope my experiences can serve as a guiding light, illuminating your path in the cryptocurrency world and helping you ride the waves to achieve your wealth dreams!
In the cryptocurrency market, making money relies on strength; I rely on precise judgment and steady operations, consistently managing to grasp the situation. Market fluctuations? I remain calm, with proper position control, responding coolly. Technical analysis is my weapon; when a trend appears, I will not let it slip away. Low-key trading, strength speaks, steadily grasping every wave of profit!
