In the crypto world, going from 100,000 to 1,000,000 is not a dream, but you must master the methods.
I have summarized 9 practical experiences; if you learn these, you can also achieve your first 1,000,000 in life!
1. When the capital is not much (within 100,000), don't think about operating every day. Just catch a decent trend once a day; frequent buying and selling will only confuse you.
2. Once positive news is realized, you must decisively sell. If you haven't sold on the same day, you must exit at a high opening the next day; most positive news is the peak, and delaying will only trap you.
3. Major news and holidays are critical moments for market explosions. Reduce your position or stay out in advance at these nodes, and wait for the trend to clarify before acting accordingly to ensure steady profits.
4. For medium to long-term layouts, keep your position light. Leave yourself room for maneuvering to avoid over-leveraging. Allocate your positions reasonably to steadily accumulate profits.
5. Short-term trading emphasizes "fast, accurate, and ruthless." Enter when you see the right opportunity, and run if it's not the right one. Don't let greed drag you down; if you miss the opportunity, it's gone.
6. Keep up with the market rhythm. Sometimes it’s as slow as a snail, and sometimes as fast as lightning. Don’t think you’re clever; going with the trend is the correct answer.
7. If you're going in the wrong direction, cut your losses decisively. Don’t hold on stubbornly; stopping losses is not giving up, but protecting your capital to avoid small losses turning into big ones.
8. For short-term trading, you must look at the 15-minute candlestick chart. Using indicators like KDJ can help you find better entry and exit points.
9. The most important thing is your mindset. The crypto market is highly volatile; emotional stability is the key. Don’t be swayed by temporary rises and falls; staying calm will help you go further.
Making money in the crypto world is not easy, but as long as you master these insights and stick to them, you have the chance to accumulate your first 1,000,000 from small capital.
