How to turn 30,000 into 20 million? These money-making tips you need to know!
I started with 30,000 and now have over 20 million. Today, I will share 8 tips that I commonly use to help you steadily make money.
1. Diversify investments and control risks
Divide your funds into 5 parts, using only one part at a time. Cut losses at 10%, so you only lose 10% after 5 losses. Set a profit-taking at 10% once you make a profit.
2. Follow the trend
Go with the big trend and do not operate against it. Be cautious when the market rebounds during a downturn, and you can increase your holdings during an uptrend pullback.
3. Avoid coins that spike
It’s hard for coins that have spiked to rise again; choose stable coins and avoid following the crowd.
4. Use MACD to determine timing
A MACD golden cross is a buy signal, while a death cross is a sell signal.
5. Don’t increase holdings when losing
Do not add to your position when losing; only increase when making a profit.
6. Combine volume and price
When trading volume increases, a price breakout is a buy signal, and stagnation is a sell signal.
7. Choose coins with an upward trend
Only trade in rising coins to follow the trend and earn more.
8. Review regularly
After each trade, review your operations to see if you need to adjust your strategy.
Stay calm and rational, control risks, and follow the trend. Diversify investments, avoid blindly chasing highs and cutting losses, and steadily accumulate wealth.