If you want to turn 10,000 dollars into 1 million in the cryptocurrency world, it really isn't just luck; you need solid methods. I have been through this circle for so long and summarized 9 practical experiences. If you can follow them, you are likely to seize your first million in life.
Rule 1: If your funds are limited, don’t be greedy. If you don’t even have 100,000 dollars, capturing a decent market opportunity once a day is enough. Don’t always think about holding a full position and making money every day; that’s simply unrealistic and can easily trap yourself into losses.
Rule 2: When good news reaches its peak, you must run; quick action is real intelligence. When major positive news comes out, if you didn’t sell on the same day and the next day opens high, you must act decisively. Most of the time, when good news comes out, the price has already peaked; hesitating may cause you to give back the profits.
Rule 3: Always pay close attention to news and holidays. Before big news comes out, remember to reduce your positions or stay out of the market, and wait until the market direction is clear before entering. Although this operation may cause you to miss some small opportunities, it can avoid big risks, basically ensuring you won’t lose money.
Rule 4: When doing medium to long-term investments, you must use light positions and take your time. Don’t throw all your money into heavy positions right away. For medium to long-term investments, leave enough room, step by step, to build steadily; this way you have a chance to laugh last. If you fill your positions at the beginning, you won’t be able to hold on even with a slight drop.
Rule 5: In short-term trading, speed is essential. Quick in and out; act decisively when you see the right opportunity. Once you find the market is not right, withdraw immediately. If you drag your feet or hesitate, your own capital will definitely suffer losses.
Rule 6: You must follow the market rhythm, don’t be reckless. Sometimes the market moves slower than a snail, and sometimes it’s as fast as lightning. You have to go along with its rhythm and not think to yourself, 'It should go up' or 'It should go down'; going against the market won’t yield good results.
Rule 7: Stop-loss is your life-saving charm; this point must be remembered. If you buy in the wrong direction, quickly stop-loss and exit, don’t stubbornly hold on waiting for a rebound. Stop-loss is not admitting you were wrong, but to preserve the remaining capital, keeping the capital gives you a chance to turn things around next time.
Rule 8: When doing short-term trading, you must closely monitor the 15-minute K-line. Coupled with the KDJ indicator, you can find entry points more accurately. Short-term opportunities are fleeting; if you hesitate a little, you may miss the best timing, and entering again will carry higher risks.
Rule 9: Mindset is always the first priority, more important than skill. The cryptocurrency market is inherently volatile; if you let your emotions be swayed by the ups and downs, being elated when it rises and panicking when it falls, you won’t be able to trade well. Only by staying calm and not being influenced by emotions can you continue in this circle for a long time.
Brothers, making money in the cryptocurrency world is not that easy. If you follow me and learn these methods thoroughly, you will be able to walk more steadily and go further than most people. Don’t always fantasize about getting rich overnight; mastering the right methods and maintaining trading discipline is the real shortcut to turning things around.
For friends who still lack a big direction, feel free to chat!
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