Making big money in the crypto world, turning $10,000 into $1,000,000, there are ways to do 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, don’t be greedy. Just catch one big market opportunity each day. Don’t think about holding positions all the time and making continuous profits; that’s impossible!
2. When there’s big news, if you haven’t sold on the same day, then sell quickly the next day when it opens high. When good news comes out, it often signals the peak; don’t wait until it drops to regret.
3. Information and holidays are key to making money. When big events are coming, reduce your positions or go to cash beforehand, and wait for the market to clarify before you act, ensuring a profit with no loss!
4. For medium to long-term trading, you need to enter with light positions and leave some room for yourself. Don’t start by heavily investing, as that can easily lead to losses. Smart 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, act decisively, and if the market turns against you, exit immediately. Don’t let greed trap you.
6. The market can sometimes be as slow as a snail and other times as fast as lightning. You need to follow its rhythm; don’t overthink it yourself.
7. If you misjudge the direction of the market, you need to cut losses in time. Don’t hold on stubbornly; cutting losses is protecting your wallet; don’t wait until you incur large losses to regret.
8. In 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 cryptocurrency market is highly volatile, you need to have a strong heart. Don’t let temporary price fluctuations affect your mood; stay calm to earn money in the long run. In summary, making money in the crypto world isn’t easy, but if you master these principles, you can also become a winner in life.