Six Trading Skills to Ensure You Make Millions in Cryptocurrency Trading, Do You Know Them?
As long as retail investors can do these six points, then with 10,000 yuan, it is very easy to earn over a million.
First Point: You must understand stop-loss and take-profit.
We buy and sell cryptocurrencies for trading, for speculation, not to hold forever! When you are making money, you think about making more, and when you are losing, you are reluctant to sell. This kind of thinking is definitely not advisable. When the position moves in the wrong direction, you need to sell decisively.
Second Point: Don't always think about buying at the low and selling at the high.
Because the market will only have lower points and higher points. Ordinary people cannot achieve this mechanism, so do not pursue so-called highs and lows. What we really need to do is buy and sell in the bottom and top areas.
Third Point: Volume and price must match perfectly.
For positions that rise with no volume or reach new highs with no volume, we must be vigilant. It is likely to be a signal of exhaustion where the main force cannot offload, so do not chase; missing out is better than making a wrong move.
Fourth Point: Be quick to react.
When information appears, we must immediately identify the favorable sectors and companies. If you can't keep up with the first tier, then we need to act promptly; the second tier will also yield considerable gains.
Fifth Point: Learn to take breaks.
As the saying goes, three months at the bottom, three days at the top. This means the main rising wave of known cryptocurrency price cycles only lasts for a short time. Therefore, we must learn to seize this main wave, and usually rest during other times.
Sixth Point: The biggest benefit of the market is a sharp decline because a sharp drop often brings many bigger opportunities. When others are greedy, you must learn to be fearful; when others are fearful, you must be greedy.
These six points are relatively simple to say, but very few can truly achieve them. Why? If you cannot overcome human weaknesses, you will never earn your first five million in your life.
You can also achieve a wealth reversal on this land full of opportunities. Remember, while the cryptocurrency world is good, the risks are also great. Only by continuously learning, summarizing experiences, and constantly improving yourself can you go further!
