The six key points to profit from cryptocurrency trading, do you understand them? Valuable sharing!!!

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

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

We buy and sell cryptocurrencies for trading and speculation, not to hold forever! When you are making money, you think about making more; when you are losing, you are unwilling to sell. This mindset is definitely not advisable. When the position trend goes wrong, you need to decisively sell.

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

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 match perfectly.

For those positions that rise without volume or reach new highs without volume, we must be alert. It could be a signal of main force exhaustion where they cannot sell. Never chase; it’s better to miss out than to make a mistake.

Fourth point: React quickly.

When information appears, we must quickly find out which beneficial sectors and companies are involved. If you can't keep up with the first tier, we need to act promptly, as the second tier will also have significant gains.

Fifth point: Learn to take a break.

As the saying goes, it takes three months to see the bottom and three days to see the top. This means the main rising wave of a known cryptocurrency price increase cycle lasts only a short time. So we must learn to seize this main wave, and usually rest during other times.

Sixth point: The biggest good news in the market is a crash because a crash often brings about many greater opportunities. When others are greedy, you should learn to be fearful; when others are fearful, we should be greedy. So when the market crashes, don't be afraid; at this time, we should choose high-quality positions to build our positions in time.

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