#ETH used 50,000 yuan to roll the warehouse in the cryptocurrency circle to 1 million. After reading these 10 practical tips, if you still can't make money, come find me.

After more than 10 years of trading cryptocurrencies, I have summarized the following ten practical tips for trading:

1. If your capital is not very large, such as within 200,000, catching a major upward trend once a year is enough. Do not be fully invested all the time.

2. A person can never earn wealth beyond their understanding. First, practice on a simulated account to develop your real mindset and courage. You can fail an unlimited number of times on a simulated account, but a single failure in real trading may cost you everything and could even make you stay away from the market forever.

3. When encountering significant good news, if you do not sell on the same day, remember to sell at the opening high the next day. Good news often turns into bad news when it is realized.

4. When a major holiday is approaching, reduce your position or even go to cash a week in advance. Historically, markets tend to decline during holidays.

5. The medium to long-term strategy is to keep enough cash on hand, sell at a high price, buy back during dips, and operate in a rolling manner for the best results.

6. Short-term trading mainly looks at trading volume and patterns. Trade in active patterns with significant ups and downs, and avoid inactive ones.

7. A gradual decline tends to have a slow rebound; a rapid decline will also see a quick rebound.

8. If you make a wrong purchase, you must acknowledge it, cut losses in time, and preserve your principal, which is fundamental for survival in the market.

9. For short-term trading, you must look at the 15-minute candlestick chart, and the KDJ indicator can help find better buy and sell points.

10. There are countless techniques and methods for trading cryptocurrencies; mastering just a few is enough. Do not be greedy.