How to make 1 million in the cryptocurrency world?

1. Stop-loss: Restrain greed and set targets. Cryptocurrency prices will not rise indefinitely; taking some profits is a success. Stop-loss: execute decisively! Abandon costs and exit upon breaking levels. "Amputating to stop the bleeding for survival" protects the principal, while fantasizing comes at a painful cost. Core: The iron circle of money can never be exhausted, but the principal can be completely lost!

2. Refuse to trade: Execute decisively! Abandon costs and exit upon breaking levels. The delusion of "eating both sides" is often enough to eat from the sidelines. Reminder on transaction fees: especially high-leverage contracts can result in immediate losses (1-2%). Ensure potential gains are significantly greater than costs; otherwise, trading is meaningless.

3. Learn to wait with no positions: If you don’t understand the market, don’t open a position! "Missing out" is far better than "losing money." Trading is a game of probability; when discerning direction, consider it like "opening a blind box." Wait for high-certainty opportunities. (Hedging can reduce directional risk, but it is not a panacea)

4. Gradually accumulate: Fold the fantasy of getting rich quickly. Use small positions (e.g., 10x leverage on 100 capital) to steadily accumulate (e.g., earn 10-20 yuan per trade). Pursue a winning rate (60-70%): earning a few times a day far exceeds heavy bets. Little by little accumulates to a lot; compounding can be significant.

5. Never over-leverage: Absolutely not allowed! Black swan events (e.g., sudden negative news) can instantly destroy heavily leveraged accounts. Light positions for trial, the key to new life. The crypto world is not short of opportunities (still existing in the next 10-20 years); live to seize the opportunities. Do not be misled by short-term illusions.

6. Strive for unity of knowledge and action: The most difficult but crucial! Overcome human flaws (fear, panic, greed). Eliminate unplanned, accidental trades. Success requires: a mindset far exceeding the ordinary to recognize the timing and dare to act, discipline to decisively exit on stop-loss, and the fierce core of survival through sacrifice. The core summary of stable profitability is risk control (stop-loss/light positions/no positions) + execution discipline (take profits/do not close positions/do not over-leverage) + mental cultivation (unity of knowledge and action).

Remember: Protecting the principal is the top priority; opportunities are always for those who are alive and prepared.