The six key points to making profits in cryptocurrency trading, do you know them? Practical sharing!!!

A big shot in the crypto world once said that as long as retail investors can do these six points, they can easily turn 100,000 yuan into 5 million. What are the six points?

First point: You must understand stop-loss and take-profit.

We trade cryptocurrencies to speculate, not to hold forever! When you are making money, you think about making more, and when you are losing, you are reluctant to sell. This mindset is definitely not advisable. When the trend of your position goes wrong, you need to decisively sell.

Second point: Don't always think about buying at low points and selling at high points.

Because the market will only have lower and higher points. Ordinary people cannot achieve this mechanism, so do not pursue so-called highs and lows. What we really need to do is buy and sell in the bottom and top areas.

Third point: Volume and price must be perfectly matched.

For those positions that rise without volume or reach new highs without volume, we must be vigilant. It is likely a signal that the main force is unable to offload, leading to an upward exhaustion. Never chase, it's better to miss out than to make a mistake.

Fourth point: Reactions must be quick.

When information appears, we must immediately identify which sectors and companies benefit from it. If you cannot keep up with the first tier, then we should act promptly, as the second tier will also yield considerable gains.

Fifth point: Learn to take breaks.

As the saying goes, it takes three months to see a bottom and three days to see a top. This means that the known rising cycle of cryptocurrency prices has only a brief period of main uptrends. Therefore, we must learn to seize this main wave, and usually rest at other times.

Sixth point: The biggest boon in the market is a crash because it often leads to many greater opportunities. When others are greedy, you must learn to be fearful; when others are fearful, we must be greedy. So when the market crashes, don't be afraid; this is when we choose quality positions and build our positions in a timely manner.

These six points sound simple, but not many can truly accomplish them. Why? If you cannot overcome the weaknesses of human nature, you will never earn your first five million in life.