Trading coins is not just luck; it's about vision! Want to turn a small amount into wealth during a bull market? These 10 pieces of advice can save you, but the 8th one has trapped 90% of people!
If you have money, don’t recklessly go all in; staying cash is the mark of a master.
With a capital of 20,000, capturing a few waves of mainstream coins with a 40% increase is enough to get rich. In a bull market, greed is the most feared; those who are fully invested and stuck are the fools. The real tough ones are those who dare to stay in cash and wait for opportunities!
First learn how not to lose money, then think about making money.
Don't believe "this time it's different"! This phrase is the biggest trap in the crypto world. Start with small amounts to test the waters, stabilize your mindset before diving in with real money. Losing in a real account even once could make you quit the circle!
Be careful when taking profits after good news.
When the price of a coin skyrockets followed by good news, there’s an 80% chance of being trapped the next day. The manipulators are better at calculating than you; at this time, you need to run fast!
Remember to clear your positions before holidays.
Five years of data shows that during the week before holidays, declines are more frequent than increases. If you need to reduce your position, do so; don’t go against the market!
In the long run, you must keep cash on hand.
Don’t go all in at once! Gradual buying and selling is the key; having cash allows you to scoop up bargains during market crashes.
For short-term trading, watch these two indicators.
A sudden surge in trading volume + price breaking through resistance means it’s time to jump in! Never act when the market is consolidating with low volume.
A sharp decline could be an opportunity.
A slow decline is the most frightening; a sudden spike down could actually signal a bottom, so be quick to buy!
Hanging on waiting to break even is the biggest trap (this is the most critical point!)
Many people lose 50% and still fantasize about breaking even; in reality, you need to double your investment to recover! Cut losses when necessary; it’s better to preserve your capital!
Look at the 15-minute chart for trading.
Check the 15-minute candlestick chart for golden crosses and death crosses, and use it in conjunction with trading volume. This is suitable for lazy traders who don’t have time to watch the market.
Knowing just three tricks is enough.
With so many technical indicators, only one or two really make money. Master these three moves; it’s better than anything else!
Why do some people turn 200,000 into 1,000,000 in three months? It's not about how great their skills are, but how well they manage their positions! When it’s time to stay in cash, do so; when it’s time to heavily invest, do it decisively. The toughest thing in the crypto world is not the market, but your constant thoughts of waiting to break even, leading to even greater losses!
Use precise strategies to analyze, keeping yourself in an invulnerable position! The market never lacks opportunities; the question is whether you can seize them. By following experienced and right people, we can earn more! The same saying goes: follow the wolves to eat meat, follow the dogs to eat poop; keep up the speed!
