I have summarized nine pieces of advice. If you learn these, you too can earn your first one million in life!
1. If you don't have much capital, like under 100,000, then don't think about making big money every day. Be content with catching a big trend once a day, and definitely don't be greedy, always thinking about holding positions!
2. If you encounter any major good news and don't sell it on the same day, then when it opens high the next day, quickly pull out. Once the good news is realized, it often turns into bad news.
3. News and holidays are also very important. If something big is about to happen, you need to be prepared in advance, either by reducing your positions or going into cash. Past experiences tell us that when something big happens, the market will definitely stir for a while. If you can't determine the direction, just wait for the trend to come and follow it!
4. For medium to long-term investments, you need to take it easy and not be too heavy on positions; leave yourself some room. Steady operation is the key, heavy positions are looking for death.
5. Short-term trading is all about speed, going with the trend, entering and exiting quickly. Don't hesitate! When the market starts to move, quickly find a good position to enter. If the market is quiet, just wait; don't fidget aimlessly.
6. If the market volatility is small, rebounds will come slowly; if the market volatility is large, corrections will come quickly.
7. If you misjudge the point and the direction goes wrong, don't hesitate, quickly stop the loss. Stopping loss is a way of making money indirectly; preserving your principal is the key, otherwise, how can you survive in the market?
8. For short-term trading, you need to examine the 15-minute candlestick chart carefully. The KDJ indicator can help you find better entry opportunities.
9. In the cryptocurrency trading industry, there are many techniques and methods, but the most important thing is still the mindset. You need to have a good mindset, as this field can make you soar one moment and crash down the next. Therefore, you need to adjust yourself well and not be led by emotions!
In the current market, wanting to break even or recover losses, you must have a good strategy.