On the path of cryptocurrency trading, I started as a small investor with 5000 yuan and finally made a comeback to become a middle-class individual worth 25 million!

Today, I will share my insights from my journey with everyone.

The most important point in cryptocurrency trading is money management. Don't invest all your money at once. I tend to divide my funds into five parts and only use one part for each operation. This way, even if I incur losses, it won't be too overwhelming. Moreover, I set a rule for myself: if I lose 10%, I will withdraw immediately, regardless of the market situation. If I lose 10% five times in a row, I have only lost 50%, but if I make a profit, the returns will be much greater. Even in the case of being stuck in a position, I can maintain my mindset.

Following the market trend is always the most reliable strategy. When the market is falling, don't think about bottom-fishing; it's simply unrealistic. When the market is rising, a pullback is a golden opportunity; buying at lower prices is much safer than stubbornly trying to catch the bottom.

When it comes to selecting coins, you need a sharp eye. Avoid coins that have surged dramatically, whether they are mainstream coins or altcoins. Coins that rise too quickly will have large pullbacks afterwards, making them easy to get stuck in.

In terms of technical indicators, I use MACD the most. When the DIF line and the DEA line cross below the zero axis and break through it, that’s a buying signal. Conversely, if they cross above the zero axis and head downwards, it's time to reduce your position.

Don’t easily attempt to average down! If you incur losses, don't try to average down; the more you do, the more you lose, and you might end up with nothing. Remember, cut losses when you are losing, and only add to your position when you are in profit.

Trading volume is also very critical. When the price of a coin breaks out at a low level, if the trading volume increases, it usually indicates a big opportunity.

The most crucial point is to go with the trend and seize the momentum! Combine the daily line, the 30-day line, the 84-day line, and the 120-day line; when any of those lines starts to turn upward, you will know how to act.

Are you still confused about how to make money in the cryptocurrency world?

Please discuss and exchange ideas in the comments section; the financial expert will answer your questions one-on-one!

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