Making big money in the crypto world, turning $10,000 into $1,000,000, there are methods to it!
I have summarized 9 practical experiences, learn these, and you can also earn your first $1,000,000 in life!
1. If you don't have much capital, like under $100,000, then don't be greedy; catching one big market trend each day is enough. Don't think about holding positions all the time and making continuous profits; that's impossible!
2. When a major positive announcement comes out, if you haven't sold on that day, then you need to sell quickly the next day when it opens high. Often, when good news comes out, it's the time to take profits; don't wait until it drops to regret it.
3. News and holidays are key to making money. When significant events are approaching, reduce your positions or go to cash, wait until the market clarifies and then follow the trend to ensure profit without loss!
4. For medium to long-term trading, you need to take light positions to leave some room for yourself. Don’t start with heavy positions; that’s likely to lead to losses. Skillful operations and gradual accumulation are the way to go.
5. Short-term trading relies on quick entries and exits; don’t drag your feet. Seize the right moment, enter decisively, and if the market isn’t right, exit immediately. Don’t let greed trap you.
6. Market trends can sometimes move as slowly as a snail, and sometimes as fast as lightning. You need to follow its rhythm and not get lost in your own thoughts.
7. If you misjudge the market direction, you must stop losses in time. Don’t stubbornly hold on; stopping losses is to protect your wallet, don’t wait until you’ve lost big to regret it.
8. For short-term trading, keep a close eye on the 15-minute K-line chart. The KDJ indicator can help you find the right entry point, don’t miss your chance.
9. The last and most important point is your mindset. The crypto world is highly volatile; you need to have a strong heart. Don’t let temporary fluctuations affect your mood; stay calm to earn money in the long run.
In summary, making money in the crypto world is not easy, but mastering these methods, you can also become a winner in life!
