Making big money in the crypto world, turning $10,000 into $1,000,000, there's a trick to it!
I've summarized 9 practical experiences; if you learn these, you too can earn your first $1,000,000 in life!
1. If you don’t have much capital, say within $100,000, then don’t be greedy. Catching one big market movement a day is enough. Don’t think about holding positions all the time and making continuous profits; that’s impossible!
2. When good news comes, if you haven’t sold by the end of the day, you must sell quickly the next day when the price opens high. When good news is released, it often indicates the peak, so don’t wait until it drops to regret it.
3. News and holidays are key to making money. When major events are coming, reduce your positions or go into cash, and wait for the market to clarify before acting accordingly, ensuring profits without losses!
4. For medium to long-term trading, you should start with light positions to leave some room for yourself. Don’t go all in at the beginning; that can easily lead to disaster. Skillful operations and gradual accumulation are the way to go.
5. For short-term trading, the key is to enter and exit quickly without dragging your feet. Seize the right moment to enter decisively; if the market turns against you, leave immediately. Don’t let greed trap you.
6. The market can sometimes be as slow as a snail and at other times as fast as lightning. You need to follow its rhythm and not overthink.
7. If you get the direction wrong, you need to cut your losses promptly. Don’t hold on stubbornly; stop-loss is there to protect your wallet. Don’t wait until you incur significant losses to regret it.
8. For short-term trading, keep a close watch on the 15-minute candlestick chart. The KDJ indicator can help you find a suitable entry point; don’t miss the opportunity.
9. The last and most important point is your mindset. The crypto market is highly volatile, and you need to have a strong heart. Don’t let temporary fluctuations affect your mood; stay calm to make money in the long run.
In conclusion, making money in the crypto world is not easy, but by mastering these tricks, you too can become a winner in life!
