$SOON Since entering the cryptocurrency world in 2016 with a principal of 50,000 and losing it all, I have earned my first million in life, sharing practical experience and insights.
1. If you don't have much capital, such as within 100,000, don't be greedy. Just seize one major market opportunity each day. Don't think you can always hold positions and keep making profits; that's impossible!
2. When there is significant positive news and you haven't sold by the end of the day, make sure to sell quickly the next day if it opens high. When good news is released, it's often the time to sell at the peak, so don't wait until it drops to regret.
3. News and holidays are key to making money. When major events are coming, reduce your positions or go to cash, and wait for the market to clarify before taking action; it's a surefire way to profit!
4. For medium to long-term investments, you should enter with light positions to leave yourself some room. Don't start with heavy positions right away, as that can lead to losses. Smart operations and gradual accumulation are the way to go.
5. Short-term trading relies on quick entries and exits; don't drag it out. Identify the right timing, enter decisively, and if the market turns unfavorably, exit immediately. Don't let greed trap you.
6. Market movements can be as slow as a snail sometimes, and as fast as lightning other times. You need to follow its rhythm and not overthink it yourself.
7. If you get the direction wrong, you must cut your losses promptly. Don't hold on stubbornly; stop-loss orders are meant to protect your funds. Don’t wait until the losses are significant 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 suitable entry points, so don’t miss your opportunities.
9. The last point, and the most important one, is your mindset. The cryptocurrency market is highly volatile, and you need to have a strong heart. Don’t let temporary fluctuations affect your mood; staying calm is key to long-term profitability. In summary, making money in the cryptocurrency market is not easy, but if you master these principles, you can also become a winner in life!