The beginning of the cryptocurrency market is effort and methods, the mid-term is wisdom and mindset, and the high-end is character and cultivation.
I sincerely suggest that whether you are a novice just entering the circle or an experienced veteran, you must comprehend the article I wrote today, as it will undoubtedly provide you with significant assistance.
The most brutal and real truth of this market:
90% of the money you earn may only come from the 10% of truly correct trades.
100% of the money you lose is due to impulsive decisions made when emotions are out of control.
The true way of trading does not lie in how many complex indicators you understand:
It lies in establishing a set of rules to protect yourself, using rules to combat human weaknesses.
It lies in using probabilistic thinking, understanding that there is no 100% certainty, and only making choices that benefit yourself.
It lies in having enough patience, like a hunter, waiting only for the most suitable and promising opportunities to arise.
Without further ado, let’s get to the point!
The dumbest strategy for making huge profits surprisingly allowed fans to earn back six figures in a year? A rule even the big players fear!
1. If you don’t have much capital, say within 100,000, then don’t be greedy. Catching one big trend a day is enough. Don’t think about holding positions all the time to keep earning; that’s impossible!
2. When there is significant good news, if you haven’t sold on the same day, you must sell quickly the next day when it opens high. Often, when good news comes out, it’s the time to peak; don’t wait until it drops to regret.
3. News and holidays are the keys to making money. When big events are coming, reduce your positions or go to cash, and wait for the market clarity before acting according to the trend, ensuring profits without losses!
4. For medium to long-term trading, you must go in with light positions to leave yourself some room. Don’t start with heavy positions from the beginning; that’s easy to flip. Clever operations and slow accumulation are the way to go.
5. Short-term trading emphasizes quick entry and exit; don’t get bogged down. Seize the timing, enter decisively, and if the market is not right, exit immediately. Don’t let greed trap you.
6. If you’ve got the direction wrong, you must stop loss promptly. Don’t stubbornly hold on; stopping loss is to protect your wallet, don’t wait until you suffer big losses to regret.
7. For short-term trading, watch the 15-minute K-line chart closely. The KDJ indicator can help you find the right entry position; don’t miss the opportunity.
8. The last and most important point is the mindset. The volatility in the crypto circle is high; you must have a strong heart. @Air 安叔
