Making big money in the crypto world, turning $10,000 into $1,000,000, there are tricks to it!
Old Bo has summarized 9 practical experiences, learn these, and you too can earn your first $1,000,000 in life!
1. If your funds are limited, for example, under $100,000, then don't be greedy. Capturing a big market move once a day is enough. Don’t think about holding positions all the time and making continuous profits; that's impossible!
2. When a major positive news comes out, if you haven't sold by the end of the day, then you must sell as soon as the next day opens high. When good news emerges, it often means it's the peak, don't wait to regret after the drop.
3. News and holidays are key to making money. When major events are coming, reduce your positions or go to cash beforehand, and wait for the market to clarify before taking action, ensuring a profit!
4. For medium to long-term trading, you must enter with a light position to leave some room for yourself. Don’t go all in at the start, as that can lead to disaster. Smart operations and slow accumulation are the way to go.
5. Short-term trading emphasizes quick entry and exit, avoid getting bogged down. Seize the right moment, decisively enter, and if the market turns, exit immediately. Don’t let greed trap you.
6. Market movements can sometimes be as slow as a snail and sometimes as fast as lightning. You must move with its rhythm and not get caught up in your own thoughts.
7. If you get the direction wrong, you must cut losses in time. Don’t hold on stubbornly; stop-loss is to protect your wallet, don’t wait until you lose 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 the opportunity.
9. The last point, and the most important one, is mindset. The crypto world is volatile, you need to have a strong heart. Don't let temporary fluctuations affect your mood; staying calm is key to long-term profits. In short, making money in the crypto world is not easy, but by mastering these tricks, you too can become a winner in life!
Old Bo only conducts real trades, and the team still has spots available, hurry up to join $BTC $ETH