Friends who haven't made 1 million after years of trading cryptocurrencies, listen to my advice: remember these 10 valuable tips, and if you follow them and still don't see results, come find me!
1. Don't mess around with little money! Just catching one big opportunity in a year is enough. Don't invest all your money; keep some cash as a safety net so you can average down if the price drops.
2. Earn as much as you understand! Don't touch coins you don't understand. You can practice on a demo account, but when it comes to real money, your mindset is completely different. Learn and understand before you make a move.
3. Don't be greedy with good news! If you haven't sold on the same day, and if it opens high the next day, sell quickly. Everyone is waiting to sell on good news, and a high opening is an opportunity to cash out; waiting too long might leave you holding the bag.
4. Reduce your holdings a week before holidays! During holidays, the market has little trading activity, making prices prone to wild fluctuations. Don't take this risk; it's better to enjoy the holiday peacefully.
5. Remember the mid-to-long-term strategy: "buy low, sell high"! Buy in batches when prices drop and sell in batches when they rise. This way, you can lower your average cost and have flexible funds on hand, making you less afraid of market volatility.
6. Only choose popular coins for short-term trades! Avoid coins with low daily trading volume; if there's no one to take your position, you'll get stuck as soon as you buy. Follow where the big capital flows; good liquidity means better profit opportunities.
7. Remember this rule: coins that decline slowly are likely to recover slowly; however, if they suddenly drop sharply, they can also rebound quickly. These opportunities can be seized, but don't be greedy.
8. Be decisive with stop-losses! If you buy the wrong coin, don't hold on stubbornly. Acknowledge your mistake and cut your losses promptly to protect your principal; waiting for a recovery can deepen your losses.
9. Look at the 15-minute K-line chart for short-term trading! Focus on the KDJ indicator; sell when it reaches the peak (overbought) and buy when it hits the bottom (oversold). Combine this with MACD and RSI for assistance in judgment; don't rely on just one indicator.
10. Don't learn too many technicals! Mastering two or three indicators is enough, such as KDJ and MACD. Learning too many can lead to confusion; it's better to thoroughly understand one indicator than to dabble in many.
It's that simple. The core principle is two words: "Restraint"— restrain your greed, restrain frequent trading; protecting your principal and seizing big opportunities is more practical than anything else!