How to turn $ETH 1500u into 10 million in 6 years, sharing all the hard-earned insights! As an old trader who has been in the cryptocurrency space for 10 years, I have experienced the darkest moments of life. Margin calls, debts, and online loans, struggling to eat and sleep well, even standing on the rooftop contemplating it all. Once, my 300,000 principal went to zero in one day, and I turned 1,500u into 10 million over 6 years! I am sharing my valuable experiences without reservation, hoping to help everyone avoid detours in the contract trading space and achieve financial freedom as soon as possible.

9 tips for cryptocurrency trading to guide you to avoid detours

1. Small capital, steady returns: With a principal of less than 100,000, capturing a major market movement once a day is enough; don't be greedy, and don't trade with all your funds, or you might lose everything in an instant.

2. Timely selling on positive news: When significant positive news arises, if you haven't sold on the same day, sell immediately the next day if it opens high. The moment of profit-taking is often the beginning of a downturn.

3. Pay attention to news and holidays: News and holidays have a huge impact on market trends. Before major events, adjust your strategy in advance by reducing or emptying your position. If unsure of the direction, wait for the market to clarify before following the trend.

4. Light position for medium to long-term operations: For medium to long-term investments, it is essential to enter with light positions. The market is unpredictable, and heavy positions carry too much risk; stability is the way to last.

5. Quick entry and exit in short-term trades: The key to short-term trading is to follow the trend and act quickly. Enter at the right point when the market shows clear movement and exit as soon as you make a profit. When the market is dull, patiently wait in cash without being greedy or hesitant.

6. Understanding volatility and retracement patterns: When the market fluctuates slowly, rebounds will also be slow; when the market fluctuates quickly, retracements will also be swift. Mastering this pattern can help you better seize buying and selling opportunities.

7. Timely stop-loss; don’t hold onto losing positions: If you enter at the wrong point or misjudge the direction, stop-loss immediately. Stopping losses is key to preserving capital; holding onto losing positions will only lead to greater losses.

8. Skillfully use the 15-minute candlestick chart: Short-term investors must look at the 15-minute candlestick chart, combined with the KDJ indicator, to find entry points more accurately.

9. Mindset determines success or failure: There are many skills and methods in cryptocurrency trading, but mindset is the most important. The cryptocurrency market is highly volatile; adjust your mindset, avoid greed, and resist being swayed by market emotions.

I hope my experiences can help you navigate the cryptocurrency space and achieve your wealth dreams!