Making big money in the crypto world, turning $10,000 into $1 million, there are ways to do it!
I have summarized 9 practical experiences, learn these, and you too can earn your first $1 million in life!
1. If you have limited funds, for example, under $100,000, don't be greedy; catching one big market move a day is enough. Don't think about always holding positions and making money nonstop; that's impossible!
2. When there's major positive news, if you haven't sold that day, you need to sell quickly the next day when the market opens high. When good news comes out, it's often the time to sell at the peak, so don't wait until it drops and regret it.
3. News 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 acting accordingly, ensuring profit without loss!
4. For medium to long-term investments, you need to enter with light positions to leave some room for yourself. Don't start with heavy positions; that can easily lead to losses. Skillful operation and slow accumulation are the way to go.
5. Short-term trading emphasizes quick entry and exit, avoid dragging your feet. Identify the right timing, decisively enter the market, and if the market turns unfavorably, exit immediately. Don't let greed trap you.
6. Market movements can be as slow as a snail at times and as fast as lightning at others. You need to follow its rhythm and not overthink it.
7. If you get the direction wrong, you must cut losses in time. Don't hold on stubbornly; cutting losses protects your wallet, and don't wait until you have significant losses 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 points, so don't miss the opportunity.
9. The last and most important point is mindset. The crypto market is volatile, and 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 if you master these methods, you too can become a winner in life.