Newbies in Cryptocurrency Trading Become Veterans, Just Master These Ten Golden Rules!

Friends who haven't made a million after years of trading cryptocurrency, listen to me: if you follow these ten suggestions and still don't see results, come find me!

1. If you don't have much money, you need to be frugal. In a year, catching just one wave of a big increase is enough. Don't always operate with a full position; keep some cash on hand just in case.

2. Your understanding determines how much money you can make. If you don't understand, you won't be able to earn. Practicing with simulated trading is fine, but trading with real money comes with significant psychological pressure.

3. If there's good news and you haven't sold on the same day, you should hurry to withdraw when the price opens high the next day. Once good news comes out, everyone will want to sell, and the price will naturally drop.

4. With holidays approaching, lower your position a week in advance, or simply don't sell. The market is inactive during holidays, making prices prone to sharp fluctuations.

5. For medium to long-term investments, you need to have money on hand. When the price rises, sell a little; when it falls, buy a little. This way you can lower your costs and adjust your strategy at any time.

6. For short-term trading, look for actively traded coins. If you buy a coin that isn't being traded much, you can easily get stuck.

7. Remember this rule: coins that decline slowly usually recover slowly; those that drop sharply tend to rebound quickly.

8. Stop-loss is crucial; if you buy the wrong thing, acknowledge it and quickly cut your losses. Don't think about waiting for the price to come back; preserving your principal is the key.

9. For short-term trades, often check the 15-minute candlestick charts and use the KDJ indicator to find buy and sell points. Especially when KDJ is overbought or oversold, the signals are particularly accurate. Also, watch MACD and RSI indicators.

10. Don't learn too many technical skills; mastering a few is enough.