Want to turn 200,000 into 1,000,000? Remember these hard-earned lessons
Don't be afraid of missing out, be afraid of getting stuck!
200,000 principal? Just catch two decent upward trends and that's enough; if you have money in hand, you are in control! The real tragedy is being fully invested halfway up the mountain, staring blankly.
First learn to 'not lose', then think about making money!
'I think this time is different'? When I had this thought back then, I almost lost my pants! Beginners should honestly practice with a simulated account; don't send money in the real market.
Good news is coming? Be careful, it might be a 'trap'!
The big players love to sell off after good news! Last time when Dogecoin news broke, it surged by 40%, but the next day it plummeted by 60%, and all those who chased high prices ended up crying.
Money should be spent wisely!
Don't go all in on buying coins! Divide your investment into three parts and add to it every time it drops by 5%. Playing short-term? No volume means messing around!
If trading volume suddenly doubles and breaks a new high? Go for it! If it’s consolidating like a dead fish, don't hesitate, close the software and stay safe!
Don't panic during a crash! A surge in 'volume' is the real opportunity
That day ETH dropped 15% in 15 minutes, but the trading volume exploded? Someone was picking it up! I jumped in and made a 22% rebound in three hours.
This tip is a lifesaver! Quickly cut losses at 'light speed'
Initially, I was reluctant to cut losses, thinking 'I'll wait to break even', but the hole just got bigger! -50% means you need +100% to break even! The faster you cut losses, the longer you live!
Lazy people can use KDJ golden cross/death cross
Golden cross on the 15-minute line with hot trading (volume ratio > 2) means buy; death cross means sell. The win rate in choppy markets is incredibly high.
The secret isn't in having many tricks, but mastering one move to 'perfection'
MACD divergence + Bollinger Bands tightening? This is my secret to doubling! Mastering three isn't as good as deeply understanding one.
Why can some people turn 200,000 into a million in three months? The secret is 'the more you earn, the more you invest'!
When the first position earns 5%, take the profit to add to the position; win three waves in a row, and your profit snowballs to 7 times!
A bull market can make you rich, but there are also many traps! Just knowing the technology? Not enough!
What’s needed is strategy, discipline, and counter-intuition!
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