Newbie traders become veterans, just master these ten golden rules!

For friends who have been trading for many years and haven't made 1 million yet, listen to me: if you follow these ten suggestions and still don't see results, come find me!

1. If you don't have much money, you need to be frugal. In a year, just catching one big wave of increase is enough. Don’t always be fully invested; keep some cash on hand just in case.

2. Your understanding determines how much money you can make. If you don't understand, you won't earn. Practicing with simulated trading is fine, but when it comes to real money, the psychological pressure can be immense.

3. When good news comes out and you haven’t sold it the same day, you need to sell quickly the next day when it opens high. Once good news is released, everyone will want to sell, and the price will naturally drop.

4. As holidays approach, reduce your positions a week in advance, or just don’t sell. The market is inactive during holidays, and prices can fluctuate wildly.

5. For medium to long-term trading, you need to have cash on hand. When prices rise, sell a bit; when prices drop, buy a bit. This can lower costs and allow for strategy adjustments at any time.

6. For short-term trading, look for actively traded cryptocurrencies. If no one is buying or selling a cryptocurrency, you may easily get stuck if you buy it.

7. Remember this rule: those that fall slowly usually rise back slowly; those that drop sharply typically recover quickly.

8. Stop-loss is very important. If you buy the wrong thing, you need to admit it and stop the loss quickly. Don’t think about waiting for the price to come back; protecting your principal is key.

9. For short-term trading, look at the 15-minute K-line chart and combine it with the KDJ indicator to find buy and sell points. Especially when KDJ indicates overbought or oversold, the signals are particularly accurate. You should also consider MACD and RSI indicators.

10. Don't learn too many techniques; mastering a few is enough.