It's been a year since炒币 (trading cryptocurrencies) started rising, and you still haven't made 7 figures? Don't worry, here are 10 super practical tips. If you follow them and still don't make money, come find me! I sincerely hope this helps everyone:
1. Don't act recklessly with little money. If your funds are less than 200,000, just aim to catch a significant price surge once a year. Never think about going all in, or you might easily lose everything.
2. Understand how much you know about the crypto world; it determines how much you can earn. Start with a simulated account to practice your courage and mindset. Losing a few times in a simulated account is fine, but if you mess up in real trading once, you might get kicked out of the market.
3. Good news often turns into bad news. When major good news comes out, don’t rush to sell on the same day. But if it opens high the next day, sell quickly without hesitation.
4. Be cautious when trading crypto during holidays. A week before the holiday, consider selling some or even completely liquidating, as holiday markets often fall.
5. For medium to long-term trading, the key is 'rolling operations.' Keep some cash on hand; sell a bit when prices rise and buy a bit when they fall to keep rotating your positions.
6. For short-term trading, focus on trading volume and charts. Choose coins that have significant price movements and are actively traded; avoid those with no popularity and little movement.
7. The speed of the market can indicate the downward trend. If it falls slowly, the rebound will also be slow; if it falls quickly, the rebound may also be quick.
8. Making mistakes is not scary; just cut your losses in time. Protecting your principal allows you to continue playing in the market; if your principal is gone, then you have nothing left.
9. For short-term trading, look at the 15-minute K-line chart and combine it with the KDJ indicator to find the right buying and selling opportunities.
10. You don’t need to master all trading techniques; being proficient in a few is enough. You don’t have to learn every single technique; mastering a few methods is sufficient to navigate the market.
Anyway, trading methods and mindset are important, but the key is to have execution power! Remember these before you trade crypto!