The six key points to make money in cryptocurrency trading, a valuable sharing!

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

First point: Understand how to cut losses and take profits.

We trade cryptocurrencies for trading purposes, not to hold them forever! When you are making money, you think about making more, but 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 sell decisively.

Second point: Do not always think about buying at the lows and selling at the highs.

Because the market will always 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 to buy and sell in the bottom and top areas.

Third point: Volume and price must match perfectly.

For those positions that rise without volume or reach new highs without volume, we must be vigilant. This could be a signal of exhaustion where the main force cannot sell off. Never chase; it is better to miss out than to make a mistake.

Fourth point: Be quick to react.

When information appears, we need to immediately find which sectors and companies benefit from it. If you cannot keep up with the first tier, we need to act promptly, as the second tier will also yield significant gains.

Fifth point: Learn to take breaks.

As the saying goes, three months to see the bottom and three days to see the top. This means that the main upward wave of the known cryptocurrency price increase cycle only lasts for a short time. Therefore, we need to learn to seize this main wave, while the rest of the time is usually for resting.

Sixth point: The biggest good news in the market is a crash.

Because after a crash, there are often many greater opportunities. When others are greedy, you must learn to be fearful; when others are fearful, we should be greedy. So when the market crashes, do not be afraid; this is the time to choose quality positions and build them in a timely manner.

These six points sound relatively simple, but very few can truly achieve them. Why? If you cannot overcome the weaknesses of human nature, you will never earn your first 5 million in life.