Wenhua summarized 9 practical experiences. If you learn these, you can earn your first 1 million in life!
1. If you have limited funds, like under 100,000, don't be greedy. Capturing a significant market movement once a day is enough. Don't think about holding positions all the time and making endless profits; that's impossible!
2. When there’s great news and you haven't sold on the same day, make sure to sell quickly the next day when it opens high. Often, when good news comes out, it’s the time to peak, so don't wait until it drops and then regret it.
3. News and holidays are key to making money. If major events are coming, reduce your positions or stay out of the market, and wait for the market direction to become clear before taking action to ensure a profit!
4. For medium to long-term investments, you need to take light positions to leave yourself some room. Don't start by heavily investing; that can lead to losses. Smart operations and gradual accumulation are the way to go.
5. In short-term trading, the key is to enter and exit quickly; don’t drag it out. Seize the right moment to enter the market; if the situation changes, exit immediately. Don't let greed trap you.
6. The market can sometimes move as slowly as a snail and sometimes as fast as lightning. You need to follow its rhythm and not get lost in your own thoughts.
7. If you get the direction wrong, you must stop your losses in time. Don’t hold on stubbornly; stopping losses is about protecting your money. Don't wait until you have significant losses to regret it.
8. For short-term trading, closely monitor the 15-minute K-line chart. The KDJ indicator can help you find the right entry point, so don't miss the opportunity.
9. The last and most important point is your mindset. The cryptocurrency market is volatile, so 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 market is not easy, but if you master these principles, you can succeed.
To be a winner in life!
I am Wenhua, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most basic duty is to help everyone make money. I will help you resolve confusion and positions, speak with strength; when you feel lost and don’t know what to do, follow me, Wenhua will guide you.
