Making money doesn't require too many skills. If you want to earn 10 million, remember the following points that will ensure you navigate the crypto world like a fish in water!
First: We must understand that averaging down is only for preserving capital. Never let a temporary loss cloud your judgment with hopes of quick profits. When you're stuck, the real purpose of averaging down is to minimize losses, not to fantasize about profits. Don't blindly pursue rebounds; that would be asking for trouble.
Second: Let's talk about market conditions. Behind a calm market, there often lies significant volatility. Don’t be fooled by temporary stability; the market is a fickle entity and could shift dramatically without warning. After a big rise, there will definitely be a correction; this is a strict rule. If you see the candlestick chart forming a triangle for a long time, be alert—if it rises too much, a correction is coming. So, observe market patterns closely, and don’t get stuck at high points.
Third: Timing your trades, remember this saying: Buy on the dips, sell on the peaks; going against the market is the way to succeed. When others are panicking, you should buy courageously; when everyone is euphoric, you should sell decisively. This is the mark of a skilled trader. Don’t sell at the top, don’t buy during a crash, and don’t act during sideways movements. When the market is at a high, don’t rush to sell; when it breaks support, you should enter decisively; during sideways movements, just stay put and don’t act rashly. During an uptrend, pay attention to resistance levels; during a downtrend, watch for support levels. This way, you'll be composed and unhurried.
Fourth: Going all-in is a big taboo, and being stubborn is even worse. The crypto market is unpredictable, and you must always maintain flexibility; position management is crucial. Only with the ability to move in and out freely can you navigate the crypto space skillfully.
Fifth: Let’s discuss mindset; trading in crypto is all about mentality. Greed and fear are our biggest enemies. If you chase gains and panic sell, you’ll only incur greater losses. Therefore, maintaining a stable mindset is key to surviving in the market. $BTC #美国稳定币法案