If you want to make a big profit in the cryptocurrency world with a small investment, and quickly earn 1 million, the essential logical thinking is as follows:
Step 1:
Never think about making money; as long as you can fully execute your trading system, trading plan, and trading principles, regardless of the style.
As long as you can do this, you are already number one, defeating the vast majority of people in the market.
Step 2:
Losing money in the cryptocurrency world has multiple causes; frequent shifts between bull and bear markets, reckless high-leverage trading, and random options buying can lead to dire consequences. When you make money, be sure to withdraw it because you never know when the initial 519 will return.
Step 3:
Eliminate high leverage, reduce frequent trading, and once you make money, learn to withdraw a portion. Never reinvest what you've earned; cherish the bull market that fate has given you. Most people do not earn money based on their own skills but merely become wealthy passively during this Kondratiev wave cycle.
Step 4:
The first principle of buying the dip is to buy heavily during major drops and buy lightly during minor drops. However, you must control your position size; no matter how deep the pullback this time, you cannot let a single position be too heavy, leaving no room for error.
Step 5:
“Invest in new, not old,” as new assets are the biggest trend in a bull market. As long as you catch the trend and gain wealth, it will come easily. Therefore, as long as the direction is correct, even if you invest a small amount and sell early, it can still be very profitable.
Step 6:
The “leader effect” means you should get used to buying the leading projects in that sector, thus developing a habit of buying leaders. Many people miss out on the “leader” and turn to buy so-called “leader two, leader three,” which carries risks of pitfalls. Generally, true “leader” projects have very high ceilings, so what you think you've missed might still only be halfway up the mountain.
