For those who have been trading cryptocurrencies for so many years and haven't broken a million, listen to my advice: these 10 hard-earned experiences can save at least one person:
1. If your capital is small, don't act like a gambler! Catching a major uptrend once a year is enough to turn things around. Keep 30% cash as a lifeline; only during a crash will you know who is swimming naked.
2. You will never earn money outside your understanding! Don't be envious when others flaunt their gains from altcoins; you never know when they will get buried. First, practice with a demo account, just like playing a game where you face AI before going ranked.
3. Good news turning into bad news! If you don't sell on the day the news is released, a high opening the next day is your last escape pod. Remember, the market makers are not pulling up prices to give you a red envelope.
4. Remember to reduce your positions before holidays! Exchanges will be closed, and manipulators love to make surprise attacks. Last year's Spring Festival saw many people getting liquidated; a bloody lesson.
5. Mid to long-term investing should be like an alligator hunting! Accumulate positions gradually during a downtrend, and take profits gradually during a surge. Don't always think you can get rich quick; a steady stream wins in the long run.
6. For short-term trading, only play highly liquid coins! Altcoins with daily trading volume below 100 million USD are death traps; your order speed will never catch up to the speed at which manipulators sell off.
7. The law of sharp declines must be etched in your mind! Coins that have been declining for three months will slowly rebound, but coins that crash by 30% often rebound dramatically within three days—provided you haven't died before dawn.
8. Stop-losses should be as decisive as a breakup! Buying the wrong coin is like loving the wrong person; the longer you drag it out, the deeper the hurt. As long as the green mountains remain, you don't have to worry about firewood.
9. For short-term trading, keep an eye on the 15-minute chart! When KDJ is above 80, it's like you've gotten too high and need to sober up; below 20 is like being starved and needing to eat. MACD crossovers show the battle between bulls and bears.
10. Technical indicators should be about quality, not quantity! Understanding KDJ + MACD is enough; just like playing a popular game, you don't need to master all heroes—having a main character is enough to reach the top.
Remember, this market specializes in treating all forms of disobedience. When you feel "this time is different," history often repeats itself. Accumulate during a bear market and count your money during a bull market; what’s the rush?
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