After ten years in cryptocurrency, if you haven't made 1 million, read these 9 points. If you still can't earn, come find me.
Ten years of ups and downs in the crypto world, from the frenzy of bull markets to the silence of bear markets, I've seen too many people become wealthy overnight and even more people lose everything overnight. These experiences are gained with real money, not empty words, but practical advice:
1. Don't be greedy with small capital; catching one major wave a year is enough.
If your capital is not large, for example, within 200,000, don't think about daily operations or doubling every month. Capturing one major wave a year with a return of 30%-50% is already better than 90% of people. Don't always think about going all in; the market is not lacking opportunities, but patience.
2. Good news turning into bad news; don’t get attached to battles.
If there's significant good news but the market doesn't rally on the same day, and opens high the next day, it's a selling opportunity. Don’t fantasize about "it can still go up"; the story of the crypto world ends with a crash, and those who run slowly become the bag holders.
3. The market must drop before holidays; reducing positions in advance is discipline.
There’s a "holiday curse" in the crypto world, with funds withdrawing a week before the holiday and crashing again after. Don’t ask why; history has repeatedly verified this. Reducing positions in advance, even if it means missing some gains, is better than getting trapped.
4. For the medium to long term, cash is king; rolling operations are the best strategy.
Keep cash for medium to long-term investments; sell high and buy low; rolling is king.
5. For short-term trading, only look at active coins.
For short-term trading, focus only on coins with high trading volume and active patterns; avoid dead coins.
6. Slow declines mean slow increases; fast declines lead to strong rebounds.
Rapid drops often lead to quick rebounds, while slow declines are more painful; don’t counteract the corresponding strategies.
7. If you buy incorrectly, admit it; stop-loss is the bottom line.
If you buy wrong, cut losses; stop-loss is crucial; preserving your capital is essential for the next round.
8. For short-term trading, watch the 15-minute candlestick chart; KDJ is a powerful tool.
Look at the 15-minute candlestick chart + KDJ; crossovers are more reliable than feelings.
9. It’s not about having many methods; mastering one or two is enough.
There are thousands of techniques; mastering one or two is sufficient; being greedy leads to confusion.
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