How to turn 100,000 into 20 million? My journey of success!

In 2015, I accidentally came across the cryptocurrency trading industry. At first, I lost hundreds of thousands, just like gambling. But later, I began to study seriously, searching for information everywhere, learning relevant knowledge, and continuously improving my skills. After several years of ups and downs, I finally迎来了 a turning point in 2024. I began my journey of success. In just over two years, I turned 100,000 into an eight-digit sum!

Core Principles - Three Don'ts of Cryptocurrency Trading:

Avoid buying in during a price increase: When market sentiment is high, prices are often inflated. Instead, buy during market corrections or declines, utilizing the market's fear to acquire assets at low prices.

Diversify risk: Don't put all your funds into one cryptocurrency. Diversified investments can spread out risk; even if one cryptocurrency performs poorly, it won't deal a fatal blow to your overall investment.

Control position size: Operating at full capacity will limit your flexibility. Keeping a certain cash reserve allows you to quickly adjust strategies when market trends do not align with expectations.

Six Maxims for Short-term Cryptocurrency Trading:

New highs often follow consolidation at high levels, and new lows often follow consolidation at low levels: Consolidation at high levels usually signals a new round of increases, while consolidation at low levels may lead to further declines. Wait for the trend to become clear before acting.

Do not trade during sideways markets: When the market lacks a clear direction, the best course of action is to wait and observe until the trend becomes clear.

Buy on down days, sell on up days: A contrarian strategy where you buy when the market is generally bearish and sell when it is generally optimistic, reducing the risk of chasing highs and selling lows.

Assess rebound strength based on the speed of decline: Rapid declines are often accompanied by rapid rebounds, while slow declines may lead to more moderate recoveries.

Pyramid-style building positions: Gradually increase your holdings, especially when prices are declining, to lower costs and lay the foundation for future profits.

After sustained rises and falls, there must be a consolidation: Long-term price movements will go through a consolidation period, with smaller price fluctuations. At this time, it is not advisable to rush in and out; wait for the next trend signal.