Friends who have been trading for years and haven't made 1 million yet, listen to my advice: remember these 10 pieces of practical advice, and if it doesn't work, come find me!
1. Don't mess around with little money! Catching a big surge once a year is enough; don't invest all your money, keep some cash on hand just in case the market drops and you can buy more.
2. Earn as much as you understand! Don't touch coins you don't understand; practicing on a simulated account is fine, but when you invest real money, your mindset is completely different. Learn and understand before you take action.
3. Don't be greedy with good news! If you haven't sold on the same day, sell quickly the next day if it opens high. Everyone is waiting to sell on good news; a high opening is a chance to exit, and if you wait too long, you might get stuck.
4. Reduce your positions one week before holidays! During holidays, the market has no trading, and prices can easily fluctuate wildly. Don't take this risk; enjoying the holiday is more important than anything else.
5. Remember the “buy low, sell high” strategy for medium to long-term trading! Buy in batches when prices drop, and sell in batches when prices rise. This way, you can lower your cost and have flexible funds on hand, making you less afraid of market fluctuations.
6. For short-term trading, only pick popular coins! Don't touch coins with low trading volume; if no one is buying when you purchase, you'll get stuck. Follow the flow of big money; good liquidity means better chances to make money.
7. Remember this rule: coins that slowly decline are likely to slowly rise back; but if there is a sudden crash, the rebound can be quick. You can seize this opportunity, but don't be greedy.
8. Be decisive with stop-losses! If you buy the wrong coin, don't hold on stubbornly; recognize your mistake and cut your losses in time. Protecting your principal gives you a chance to recover, while waiting may lead to deeper losses.
9. For short-term trading, look at the 15-minute K-line chart! Focus on the KDJ indicator; sell when it peaks (overbought) and buy when it bottoms (oversold). Also, use MACD and RSI for supplementary judgment, don’t rely on just one indicator.
10. Don’t learn too many technicals! Master two or three indicators like KDJ and MACD; learning too many can confuse you. Understanding one indicator thoroughly is better than spreading yourself too thin.
It's that simple; the core is two words: “Restraint” — restrain your greed, restrain frequent trading. Preserve your capital and seize big opportunities, which is more practical than anything else!