For beginners in the cryptocurrency market, wanting to achieve wealth upgrade from 10,000 to 1 million cannot rely on 'luck,' as that will lead to greater losses. Finding the right methods and adhering to discipline is key. I have compiled 9 practical insights verified through experience. Even if you are new to the market, grasping these can help you avoid pitfalls and more quickly understand how to make money.
1. Capital under 100,000: Don't be greedy for 'high-frequency trading,' capturing the main trend once a day is enough.
When capital is limited, steady progress is more important than 'hurrying to double.' Many beginners always think 'to always hold positions and make money continuously,' but after frequent trading, they pay a lot in fees and repeatedly cut losses due to misjudgments. In fact, it doesn't have to be so exhausting—spend time analyzing the market each day, capturing one major trend (for example, a daily upward or downward movement), and executing one trade can yield steadier profits than reckless efforts.
2. Encountered major good news and didn't act in time? Exit decisively the next day if it opens high.
'Good news can become bad news' is a common rule in the cryptocurrency market. If you encounter sudden good news and didn't manage to sell on the same day, if the next day's opening is high, don't hesitate to exit quickly. Often, when good news emerges, prices have already surged in advance, and a high opening is usually a peak. Waiting for a pullback to sell may mean giving back the profits you just made.
3. Before major news or holidays: reduce positions or go flat, wait for direction to clarify before acting.
These two time points are 'high-risk periods':
- Before major events (like policy announcements or project launch conferences), market sentiment can fluctuate, leading to extreme rises and falls.
- During holidays (such as Spring Festival, National Day), trading volume will decrease, and the market may suddenly change direction.
Instead of betting on the direction, it's better to reduce positions in advance or even go completely flat. Wait until events conclude and holidays end, when the market direction is clear, to enter. This approach is more stable and can avoid the anxiety of 'holding positions during holidays and not sleeping well.'
4. Medium to long-term layout: start with light positions, don't go in with 'full positions' right away.
Many beginners in medium to long-term trading always think 'heavy positions earn more,' but when the market corrects, they find themselves deeply trapped and unable to move. The correct approach is to 'start with light positions'—for example, initially using 10%-20% of your capital to build a base position. If the market performs as expected, you can gradually add more; if the direction is wrong, you can cut losses in time, preserving enough capital for the next opportunity. Medium to long-term profits come from 'time,' and flexible accumulation is more reliable than 'betting big.'
5. Short-term trading: enter and exit quickly, don't get trapped by 'greed.'
Short-term trading focuses on 'short-term volatility profits,' and the core principle is 'not to get attached to trades':
- Seize opportunities (for example, when a 15-minute K-line shows a buy signal), and decisively enter;
- When reaching expected profits (for example, earning 3%-5%), or if the market shows signs of reversal, immediately cut losses and exit.
Many people lose in short-term trading because of 'greed'—they clearly made a profit but want to earn more, only to see the market reverse; or they incur losses but can't bear to cut, leading to greater losses. Remember: short-term trading is about 'small profits accumulating,' not 'one-time explosive gains.'
6. Don't stubbornly resist the market; adjust your rhythm to follow market changes.
Sometimes the market rises quickly, sometimes it falls slowly, and sometimes it stays flat for half a month without moving. Don't always rely on your 'feelings' to trade—like thinking 'it should rise' and holding on, or 'it should fall' and going flat. The correct approach is to 'follow the market's rhythm': when the trend is strong, hold more; during sideways movement, move less or not at all; when there is a clear downtrend, exit in time. Stubbornly challenging the market will only result in losses for you.
7. Wrong position or direction? Cut losses immediately, don't hold on!
This is the mistake beginners most easily make: after entering the market, they find the direction has reversed and always think 'it will bounce back after a correction,' resulting in more and more losses until they even face liquidation. Remember: cutting losses is not 'giving up,' it's a means to 'protect your capital'—for example, set a 5% stop-loss in advance, and once it's breached, sell regardless of how painful it is. Preserving your capital gives you the chance for the next trade; if your capital is lost, you'll have no opportunities left.
8. For short-term trading: pay more attention to 15-minute K-lines + KDJ, it's easier to seize opportunities.
Beginners in short-term trading shouldn't focus on daily charts (the cycle is too long, and they can't react in time). Instead, focus on 15-minute K-lines—this cycle can reflect short-term trends without being too chaotic like 5-minute lines. Using the KDJ indicator (for example, when the K-line crosses above the D-line, forming a 'golden cross') can help you find buying opportunities more accurately; conversely, when a 'death cross' occurs, sell in time. This combination can help reduce mistakes from 'entering based on feelings.'
9. The last point, more important than skills: maintain a stable mindset!
The cryptocurrency market is highly volatile, with daily fluctuations of 10% up or down being common. Many people are influenced by short-term price changes—getting excited and chasing highs when prices rise, or panicking and cutting losses when prices drop. In fact, those who truly make money can maintain their composure: they are not greedy when prices rise, knowing when to take profits; they are not fearful when prices drop, distinguishing between 'real declines' and 'market adjustments.' A stable mindset allows for rational market analysis, without being led by emotions.
Making money in the cryptocurrency market is indeed not easy, but there's no need to fear—just master the right methods, adhere to operational discipline, and start accumulating from 10,000. You also have the chance to earn your first 1 million. Remember: it's okay to go slowly; losing a little is still a gain, and staying stable is essential to winning.
#币安HODLer空投DOLO #ETH走势分析 #机构筹资布局SOL
