In the crypto world, turning 10,000 dollars into 1 million is not about luck — I learned this from stepping into the pitfalls of being fully invested during market crashes; it requires practical operational logic. These 9 pieces of practical advice are what I refined from my losses:
Small funds should not be recklessly tossed around: Before your principal reaches 100,000, don't chase the market every day. Catch a highly certain market moment and take some profits; being greedy will lead to losses.
Know how to time the good news: Did you not sell on the day of significant good news? If the market opens high the next day, you must exit immediately. In the crypto space, it is often said, "good news is often followed by a peak," and hesitating will only eat into your profits.
Reduce positions before news: Before holidays or major news, reduce your position or even go to cash. Once the market is clear, follow the trend; it is much more advantageous than guessing blindly.
In the medium to long term, do not hold heavy positions: Entering the market fully invested and holding on tightly can lead to panic at the slightest fluctuation. Maintain a light position to leave room for adjustment; with a stable mindset, you can hold onto long-term trends.
Short-term trading must be quick, precise, and ruthless: It’s essentially a "blitzkrieg"; seize the opportunity to enter and exit quickly, and don’t be greedy for higher points. If the market is not favorable, do not hesitate for a second; withdraw immediately.
Do not challenge the market: When the market is slow, do not rush; when it is fast, do not dawdle; operations must align closely with the rhythm. Do not stubbornly guess whether the market will rise or fall; it is always right.
