Making big money in the crypto world, turning $10,000 into $1,000,000, there's a method 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, capturing one big market movement a day is enough. Don’t think about holding positions all the time, continuously making profits, that is impossible!
2. When there is great news, if you haven’t sold on the same day, then sell quickly when it opens high the next day. Once good news comes out, it often signals a peak, don’t wait until it drops to regret.
3. News and holidays are the keys to making money. When big events are coming, reduce your position or go to cash in advance, wait for the market to become clear and then act accordingly, ensuring profit with no losses!
4. For medium to long-term trading, you should operate with light positions, leaving yourself some room. Don’t start with heavy positions, as it’s easy to get wrecked. Clever operations and slow accumulation are the way to go.
5. Short-term trading emphasizes quick entry and exit, don’t get bogged down. Identify the right timing, decisively enter the market, and if the trend is wrong, leave immediately. Don’t get stuck because of greed.
6. The market can sometimes move as slowly as a snail and sometimes as fast as lightning. You have to follow its rhythm, don’t overthink it yourself.
7. If you get the direction wrong, you need to stop-loss in time. Don’t hold on; stop-loss is to protect your wallet, don’t wait until you lose a lot 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 the opportunity.
9. The last and most important point is your mindset. The crypto market is highly volatile, 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 short, making money in the crypto world is not easy, but mastering these methods, you too can become a winner in life
