The "Six Great Classics" for Winning in Cryptocurrency Trading, Do You Understand?

If a retail investor can achieve these six points, then with one hundred thousand yuan, they can easily earn five million. What are these six points?

First Point: You must understand stop-loss and take-profit.

We buy and sell cryptocurrencies for trading and speculation, not to hold onto them forever! When you are making money, you think about making more; when you are losing money, you are reluctant to sell. This mindset is definitely not advisable. When your position trends incorrectly, you need to decisively sell.

Second Point: Don't always think about buying at low points and selling at high points. Because the market will always have lower and higher points. Ordinary people cannot achieve this mechanism, so do not pursue so-called highs and lows. What we really need to do is buy and sell in the bottom and top areas.

Third Point: Volume and price should match perfectly.

For positions that rise without volume or reach new highs without volume, we must be vigilant. This could be a signal of exhaustion due to the main force being unable to offload, so do not chase it; it’s better to miss out than to make a mistake.

Fourth Point: Be quick to react.

When information appears, we need to immediately identify which favorable sectors and companies are involved. If you cannot keep up with the first tier, then you must act timely; the second tier will also yield significant gains.

Fifth Point: Learn to rest.

As the saying goes, it takes three months to find the bottom and three days to find the top. This means that the main rising wave of the known cryptocurrency price increase cycle only lasts a short time. Therefore, we must learn to seize this main wave and rest during other times.

Sixth Point: The biggest benefit of the market is a crash, because after a crash, many greater opportunities often arise. When others are greedy, you must learn to be fearful; when others are fearful, we should be greedy. So when the market crashes, do not be afraid; at this time, we choose quality positions and build our positions timely.

These six points sound simple, but very few can truly achieve them. Why? If you cannot overcome human weaknesses, you will never earn your first five million in your life. $BTC #币安安全见解