In the cryptocurrency world, turning $10,000 into $1,000,000 through contracts sounds like a dream, but in reality, as long as you master the right methods and mindset, this goal is not out of reach. The following 9 practical experiences are the results of my years of trading experience:
1. Limited funds, avoid being too greedy.
If your initial capital is within $100,000, focus on capturing a significant market fluctuation once a day. Do not watch the market all day or trade frequently; full investment carries great risk and can easily lead to liquidation.
2. Do not rush to sell on the day of major positive news, but be decisive in selling when the market opens high the next day.
The market often sees positive news turning into negative sentiment; it is normal for the market to rise on good news the same day, but it often falls back the next day, so selling in time to lock in profits is key.
3. Pay attention to news and holidays, and adjust positions in advance before major events.
When facing policy changes or increased market volatility during holidays, decisively reduce positions or stay on the sidelines. When the direction is unclear, it is better to wait until the market is clearer before taking action.
4. Medium to long-term trading should be done with light positions, leaving enough room for operation.
Avoid heavy investments all at once; light positions can effectively control risk and allow for adjustments based on market conditions.
5. Short-term trading should follow the trend, with quick entries and exits.
Do not be greedy or hesitate; enter and exit at opportune moments during large market fluctuations, and maintain a cash position when the market is dull to avoid blindly chasing highs and lows.
6. The rhythm of market fluctuations affects the pace of operations.
When fluctuations are slow, rebounds are also slow; be patient. When fluctuations are fast, pullbacks are quick; be flexible and avoid being washed out.
7. When judging incorrectly, stop loss in a timely manner; stopping loss is protecting profits.
Avoid hesitating to hold positions; stopping loss can control losses and preserve opportunities for later recovery, which is an important part of stable trading.
8. Use 15-minute candlesticks and the KDJ indicator to determine entry points.
Technical indicators are auxiliary tools for judgment; learning to interpret short-term signals can significantly improve entry accuracy.
9. Maintaining a good mindset is key.
The cryptocurrency market has significant fluctuations; being calm, rational, non-impulsive, and not panicking is a common trait among all successful traders.
These 9 strategies are not empty talk, but verified truths in practice. Start with small capital, learn to avoid risks, and steadily accumulate profits to roll from $10,000 to $1,000,000. As long as you are willing to follow the rules and refine your execution, a million-dollar account is just around the corner.