#cryptotips
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you have been trading cryptocurrencies for over a year and haven't made a million, even after reading these 10 pieces of valuable advice, you still won't make money; come find me.
After more than 10 years of trading cryptocurrencies, I have summarized the following ten pieces of valuable advice:
1. If your capital is not very large, such as under 200,000, catching the main upward trend once a year is enough; never be fully invested at all times.
2. A person can never earn wealth beyond their understanding; first, practice with a simulated account to develop your true mindset and courage. You can fail an unlimited number of times on a simulated account, but a real operation could mean losing everything after just one failure, and you might even distance yourself from the market forever.
3. When encountering significant good news, if you don't sell on the same day, remember to sell on the next day when it opens high; good news often turns into bad news once it is realized.
4. When a major holiday is approaching, reduce your holdings or even hold cash a week in advance; historically, the market tends to drop during holidays.
5. The strategy for medium to long-term trading is to keep sufficient cash on hand, sell high, buy back on dips, and employ rolling operations as the best approach.
6. Short-term trading mainly looks at volume and chart patterns; trade actively fluctuating patterns but avoid inactive ones.
7. A slow decline leads to a slow rebound; a rapid decline leads to a quick rebound.
8. Acknowledge when you make a wrong purchase; cut losses promptly to preserve capital, which is fundamental for survival in the market.
9. Always refer to the 15-minute K-line chart for short-term trading; use the KDJ indicator to find good buy and sell points.
10. There are countless techniques and methods for trading cryptocurrencies; mastering just a few is sufficient; don't be greedy.
