After 7 years of trading cryptocurrencies and earning 30 million, my secret to making money: learning is the way!
After seven or eight years of trading cryptocurrencies, my wealth has exceeded 30 million, but I want to tell everyone that the fundamental secret is continuous learning. Only by becoming stronger can one navigate the cryptocurrency world with ease! I hope these points of experience will be helpful to everyone:
Small capital can also win: If your initial capital is not large (for example, under 100,000), seizing one big fluctuation is enough. Don't be greedy, and avoid heavy investments!
Sell on good news: When encountering significant good news, remember not to sell on the same day; the following day will definitely open higher, and good news often comes with bad news after it cashes out.
The importance of news and holidays: Reduce positions or go to cash ahead of significant events, as the market often experiences violent fluctuations. When it’s unpredictable, go with the flow!
Mid to long-term strategies should be stable: Enter with light positions and leave room for operation; stable operations are the key to success.
Short-term trades require quick entries and exits: Go with the trend and act quickly; avoid hesitation. If the market is inactive, be patient and wait in cash.
Fluctuations and corrections: If the market fluctuates quickly, corrections will also come quickly; if fluctuations are slow, rebounds will similarly be slow.
Timely stop-loss: If you enter the wrong position, decisively stop the loss. Never blindly hold positions; stopping loss is the only way to protect your capital.
Look at the 15-minute K-line chart: Use the KDJ indicator to help capture entry timing for short-term trading.
Mindset is the most important: The fluctuations in the cryptocurrency world can make one's mindset unstable. Adjust your mindset, and you are already ahead of most people.
Summary: Regardless of your capital, learning and mindset are the true winning tools.