After trading cryptocurrencies for seven or eight years and having a net worth of 30 million, I want to tell everyone that learning is the most fundamental and basic thing. Only by strengthening oneself can one thrive in the cryptocurrency circle!
1. If your initial capital is not very large, for example, within 100,000, catching one major price fluctuation every day is already enough. Do not be greedy; always hold positions!
2. If you encounter significant positive news and do not sell on the same day, remember to sell on the next day's high opening. Realizing profits often means facing losses.
3. News and holidays are also very important. When encountering major events, adjustments should be made in advance (reduce positions or even go to cash). Historically, whenever there is a major event, the market is bound to experience significant fluctuations. If you cannot grasp the direction in advance, wait for the market to come to you and follow the trend!
4. The medium to long-term strategy must be to operate with light positions, leaving enough room for maneuvering. A steady operation is the best strategy; do not operate with heavy positions.
5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid being greedy or hesitant. In a market with large fluctuations, look for suitable entry points. If the market is inactive, be patient and wait in cash.
6. When market fluctuations are slow, rebounds are naturally also slow; when market fluctuations are rapid, corresponding corrections will also be quick!
7. If you enter the wrong position or direction, take losses promptly (do not hesitate to hold the position). Stopping losses is a form of profit; preserving capital is the foundation for survival in the market.
8. For short-term trading, it is essential to look at the 15-minute candlestick chart. Using the KDJ indicator can help capture suitable entry points better.
9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is the mindset. A person's mindset is crucial; the cryptocurrency circle can easily let you experience significant ups and downs, so adjust yourself well. A good mindset already surpasses most people in the cryptocurrency circle.