In the cryptocurrency circle for ten years, a professional trader for 6 years, over 3100 days. I have done long-term, short-term, ultra-short, and swing trading, basically having tried almost every type of method. I have a say in this matter.

I have always said that mastering a skill is the 10,000-hour rule. With 8 hours a day and over 200 days a year for review, it takes about 5 years, and this is just the beginning.

The foundation for stable profits. There must be a big pitfall within 10 years, so to be safe, do not place your principal beyond your ability range within 10 years.

Many experts who have traded from tens of thousands to hundreds of millions only opened contracts with very large multiples. As a result, many have perished in a bear market, but you just don't know it. Human nature, in the face of major trends, often leads people to lose the ability to make correct judgments.

Returning to the topic, next I will share all my practical tips with everyone here!

There are many ways for novices to navigate the cryptocurrency circle, and surely there are several methods suitable for you now:
There are many ways for novices to navigate the cryptocurrency circle, and surely there are several methods suitable for you now:
You have 1,000,000 yuan in assets and decide to use 700,000 yuan to purchase a cryptocurrency.
On the first day, this coin fell by 1%, and you lost 7,000 yuan, but you didn’t care, believing the price would eventually rise.
On the second day, the coin price dropped another 3%, and you lost nearly 20,000 yuan, still firmly believing it would rebound.
On the third day, the coin price rose by 2%, and you recovered about 10,000 yuan of your losses, feeling slightly better and thinking everything was under control.
On the fourth day, the price suddenly plummeted by 20%, and you lost 140,000 yuan, starting to feel uneasy, hoping for a rebound the next day.
On the fifth day, the coin price rebounded by 5%, and you breathed a sigh of relief, thinking there was still a pattern to trading.
On the sixth day, the coin price rose another 1%. Although the increase was not large, at least there was hope of breaking even, and you felt satisfied.
On the seventh day, the coin price rose again by 1%, and you began to look forward to future trends.
On the eighth day, the coin price continued to rise slowly, but you remained optimistic, believing there would be a day you could break even.
On the ninth day, the coin price suddenly plummeted by 30%, and you started to panic, doubting whether you had chosen the wrong coin.
On the tenth day, the coin price dropped another 10%, and you felt angry and disappointed.
On the eleventh day, the coin price entered a consolidation period, and you saw someone online claiming this was a bottoming signal, believing the market was accumulating momentum, firmly convinced that the coin price was about to rebound.
In the following week, the coin price continued to consolidate. You learned more about cryptocurrencies online, believing this was the 'main force accumulating positions stage', so you continued to hold your coins.
A month later, the coin price not only did not rebound but continued to fall by 20%. You began to feel numb, thinking that if you could just break even, you decided to withdraw your funds and distance yourself from cryptocurrencies.
However, things did not go as hoped, as the coin price continued to decline. At this point, you finally understood the concept of 'stop-loss'. You struggled internally, not knowing whether to liquidate or continue holding.
At this moment, a friend of yours tells you that a new coin has recently surged by 200%, and he shares his 'leading strategy'. You believed it to be true, sold the coins you held, and told yourself to wait until you made enough profit on the new coin.

Cryptocurrency Survival Guide
Trading cryptocurrencies is not as simple as you might think; it is not just about buying low and selling high.
A qualified investor needs to have economic knowledge, pay attention to news dynamics, understand national policies, care about international situations, and conduct in-depth research on the fundamentals and technical aspects of virtual currencies.
In addition, one must constantly fight against their own fears and greed, have strong psychological resilience, and be able to withstand the market's ups and downs.
It can be said that those who can survive in the cryptocurrency market are almost all resilient, resistant to temptation, and experienced strong individuals.

Three Principles of Treasure Hunting:
Principle One: Strictly control the position at 50% when building positions. This way, it can both defend and attack. Never operate at full position because, once the market crashes, a full position will be unable to save itself.
Principle Two: When the cryptocurrency you invest in has increased by 2-3 times, you should sell half first to break even. After that, you can use the remaining profit to negotiate with the main force and gradually withdraw when the expected price is reached. Retaining 10% of the base position can avoid missing out on a surge triggered by a strong main force.
Principle Three: When the market goes crazy and everyone rushes to buy, you should sell your holdings in stages and batches.
Do not be misled by the numbers in your account; only the funds that have turned into cash truly belong to you; the numbers in your account are merely numbers.

Three Major Secrets of Cryptocurrency Trading:
Secret One: For small, unregulated cryptocurrency trading sites, do not casually invest large amounts of money in order to avoid sudden disappearance of the site.
If you want to participate, you should choose legitimate large platforms.
Secret Two: There are many virtual currencies recently crowdfunding; please carefully discern. Not all projects are worth investing in; many carry risks.
Be cautious before investing; do not rely on luck.
Secret Three: The current market is sluggish, and the overall trend is cooling down. Short-term operations should be mainly observational, with precise market entry.
For long-term investments, consider high-quality virtual currencies ranked in the top 20 globally, building positions in batches at low prices.
Enter the market and manage risk and funds well. During market fluctuations, timely average down or stop-loss, which is more conducive to profit.
If you fail to act promptly, you can still minimize losses.
The purpose of trading cryptocurrencies is to make money, so be well-prepared to avoid unnecessary losses.

Finally, do not blindly follow the crowd.
Many novices, when they first start trading cryptocurrencies, will be easily influenced by the crowd or others’ suggestions and sell off easily, which is often the most foolish practice.
Because many times, these people either have no positions or are misleading novices, creating panic and enticing you to sell at a low price.
Once you sell, they will buy at a low price.
Therefore, when trading cryptocurrencies, the opinions of others can only serve as references; the key is still to rely on your own judgment.
Still, it’s important to say that in the current market situation, if there are opportunities, I hope to learn and exchange with fellow students.
I can achieve financial freedom in the cryptocurrency circle! These eight iron rules are a must-read before entering the market every day, allowing me to survive in one round after another of significant downturns.

Today I share this with my destined friends, hoping for some inspiration.

1. When entering the market, do not just look at the K-line trend of cryptocurrency, especially for short-term trading, you also need to look at the 30-minute K-line. At the same time, the overall market must stabilize and resonate at this moment before you can take action. For example, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day it may pull out a large bullish candle or even hit the limit up. If you look at the 30-minute K-line, you will see the subtlety.
2. If the trend and order are not right, just taking another look is a mistake. You must follow the trend, and the order of the rise cannot be disrupted.
3. If short-term trading is not in hot spots or potential hot spots, it is better not to trade.
4. Give up all impulsive entries. Trade your plan, and plan your trade.
5. Anyone's views or opinions are merely references; you must have your own careful consideration and serious analysis.
6. First lock in the direction before selecting specific cryptocurrencies. When the direction is right, the result will be twice as good with half the effort; when the direction is wrong, the result will be half the effort with double the work.
7. Get involved with cryptocurrencies that are currently on the rise. Guessing the bottom is a big taboo; you always feel a rebound is imminent, and then comes the ultimate shakeout. Stock prices always move towards small resistance levels. Getting involved with cryptocurrencies that are rising means choosing a direction with less resistance.
8. After a big gain or loss, you should empty your positions and re-examine the market and yourself. Clarify the reasons for the big gain or loss; then it’s not too late to take action. In my many years of trading cryptocurrency, I found that after a big gain or loss, emptying positions has a high probability of over 90% correctness.

Still, it’s important to say that if you don’t know what to do in a bull market, click on Aze's avatar, follow him, for bull market spot planning, contract codes, and free sharing.