I tell you from my personal experience: doing your own research might take a year or even several years to learn something.
Learning from teachers: Although it requires effort, it is nothing compared to losing your own principal through research. Learning can be much more efficient; who hasn't walked this path step by step? Many people want to find a teacher but can't find one.
I consulted an experienced senior in contracts. Starting with 10,000 in contracts, their net worth has now reached eight figures. Their journey in trading is like a novel story! Impressive. After repeated consultations, they summarized nine points of advice which I now share with all contract friends:
1. If your initial capital is not very large, for example, under 100,000, catching a big fluctuation once a day is already enough. Do not be greedy or keep holding positions!
2. When encountering significant positive news, if you don't sell on the same day, remember to sell at a high opening the next day. Good news often translates into bad news.
3. News and holidays are also very important. When major events occur, adjustments (reducing positions or even going cash) should be made in advance. From past experiences, whenever there is a significant event, the market will surely see major fluctuations. If you can't grasp the direction in advance, just wait for the market to come and follow the trend!
4. The strategy for medium to long-term trading must involve light positions to leave enough room for operations. Steady operations are the best strategy; do not operate with heavy positions!
5. Short-term trading focuses on following the trend, quick entry and exit, and avoiding greed and hesitation. In the case of significant price fluctuations, look for suitable entry points; if the market is not active, wait patiently in cash.
6. Market fluctuations are slow, so rebounds are also very slow. If the market fluctuates quickly, then corresponding corrections will also be swift!
7. If you entered the wrong position, stop-loss promptly (do not hesitate to hold the position). A stop-loss is effectively a profit; preserving capital is fundamental to survival in the market.
8. When doing short-term trading, you must look at the 15-minute candlestick chart. The KDJ indicator can help capture suitable entry points better.
9. There are countless techniques and methods for trading coins, but the most important thing is the mindset. A person’s mindset is crucial; the crypto market can easily make you feel extreme highs and lows, so adjust your mindset and avoid greed.
I am 37 years old this year. I started trading coins at 28. By 2025, my trading will reach eight figures. My current lifestyle includes staying in high-end hotels costing around 3,000 yuan, with luggage and hats that may bear crypto symbols! I have hardly experienced any troublesome business dealings.
I know that this amount of money may not seem significant to some people. After all, some people are so conservative; they think college students should focus on studying and not engage in their own endeavors.
I earn money through the cryptocurrency market, but they always think the crypto market is unproductive.
But I personally feel that I have been very successful in recent years. (I hate boasting; I don't think I excel in every aspect, but in the ability to make money, I definitely don't fall short, at least not at this point.)
Accumulated money is one aspect; more importantly, it’s the experience.
The only ones who truly understand me are the closest people around me because they know how I've come this far.
When I earned 100,000, I felt it was too little. What can 100,000 do? After all, with some effort, many people can earn that amount in a year from other work.
When I made 300,000, I felt it wasn't enough. 300,000 can't last a lifetime, and then I started using inflation as an excuse.
When I earn over a million, I might not think I’m earning too little, but I still feel my money was won by chance. I estimate many people want to watch me fail, to see how I might lose all the money I've earned. Then some people will use inflation to point out that money will depreciate and so on.
Those who do not believe in me can always find various reasons.
There are disparities between people.
Some people see others making money and think about how to find opportunities.
Some people see others making money and always think that person's money comes from an improper source. In their perception, they are right, and their mediocrity is due to bad luck, while others' success is due to sheer luck.
Since that’s the case, I’ll continue to earn, striving to make tens of millions, hundreds of millions, and even more, ultimately using the money I earned to support the fields of biological health and artificial intelligence.
I estimate that those who deny me will still deny me, even if I achieve targets of tens of millions or over a hundred million in the future.
Can you turn 5,000 into 1 million through crypto trading? Let me tell you something practical! Look at the method I used to turn 30 million bricks in ten years.
1. In most cases, Bitcoin is the leader of fluctuations in the crypto market. High-quality coins like Ethereum can sometimes diverge from Bitcoin's influence and move independently; altcoins generally cannot escape its impact.
2. Bitcoin and USDT move inversely. If you find that USDT is rising, you need to be cautious about Bitcoin falling; when Bitcoin rises, it is a suitable time to buy USDT.
3. There is often a spike phenomenon between 0:00 and 1:00 AM, so domestic crypto friends can set a low buy price for their desired coins just before sleeping and a high sell price; who knows, it might get executed while lying down.
4. Every day from 6 to 8 AM is a time to judge whether to buy or sell, and also to determine the rise or fall for the day. If the price has dropped from 0:00 to 6:00, and continues to drop, it is an opportunity to buy or average down; the day will likely rise. Conversely, if it has risen during that time, it is a selling opportunity, and the day will likely drop.
5. 5 PM is an important moment of attention in the trading world. Due to the time difference, US crypto friends are getting up and working, which may cause fluctuations in the coin’s price. Some significant increases or decreases have indeed happened at this time, so be especially vigilant.
6. There is a saying in the crypto world about 'Black Friday.' There have been instances of significant drops on Fridays, but there are also cases of increases or sideways movements; it's not particularly accurate, just pay attention to the news.
7. If a coin with a certain trading volume guarantee falls, don’t worry; holding patiently will definitely allow you to break even, whether in a short period of 3 or 4 days, or a longer one of a month. If you have extra USDT, you can average down the price to recover your capital faster. If you don't have spare cash, just wait; it won't disappoint you. Unless you really bought an I coin.
8. Holding the same coin for long-term trading with less frequent transactions yields better returns than frequent trading. It depends on whether you have the patience to hold. I bought Dogecoin at 0.1 and it has increased more than 20 times now.
