How can an ordinary person make their first million in the crypto world?
Many people want to get rich on their first day in the crypto world: they rush in when the market is bullish and buy in when it's bearish, as if every market wave is an ATM. What happens in reality? They missed the first wave of hot money, got trapped in the second wave, and lost enough to not even afford breakfast.
Those who can truly survive in the crypto world do not rely on "luck," but understand—execution + risk management.
First, let's talk about execution: no matter how much information you have, if you don’t take action, it will always just be theoretical talk. The scariest thing for successful traders is not intelligence, but the ability to stick to their strategies, not blindly chasing highs or panicking and cutting losses in front of the market.
Next, let's discuss risk management: losses are normal, but controllable losses are key. Before entering the market, one must think clearly: if I lose, can I still bear it? How will I allocate my positions? Where is my stop-loss point? Those who understand stop-losses are the ones who have a chance to turn things around in the next market movement.
There are a few principles worth remembering in terms of skills:
1️⃣ Use small positions to test the waters, and add more in a big market—don't go all-in, or one mistake could cost you everything.
2️⃣ Follow the trend, don’t go against it—markets go up and down, don’t make decisions based on emotions.
3️⃣ Review, review, and review again—every win or loss is experience; recording it allows for continuous strategy optimization.
4️⃣ Emotional management is more important than technical skills—fear and greed will lead you to make foolish decisions; only calm individuals can earn big money.
To make your first million in the crypto world, it’s not about an overnight explosion, but a steady and consistent compounding mindset. Learn a little more each day, control risks in every trade, and accumulate gradually; that is the true "dark gold rule."
In summary: there are no shortcuts in the crypto world; rely on strategy to earn, and risk management to survive, to transform from a novice into someone who masters their own destiny.
Finally, I wish every person who likes, saves, and follows this article to reap abundant rewards in this round of bull market!
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