It took nearly 10 years for my personal account to grow from 300,000 to 1,000,000, but once I reached 1,000,000, it felt like I had a breakthrough, and I shot straight to 40,000,000.

Today, I will share a few tips for learning how to trade cryptocurrencies, helping you avoid detours and get started faster! #交易经验

1. Only invest spare money - the first iron rule! Trading cryptocurrencies is risky, and you should never invest money needed for living expenses. Only invest spare money so that losses do not affect your life; this way, your mindset will remain stable, and you won’t lose sleep over volatility.

2. Don’t blindly chase highs. If you see a certain coin skyrocketing, don’t impulsively chase it! Remember, a surge is usually followed by a correction. The market is cyclical, and chasing highs could lead to being trapped. Stay calm and consider buying after the adjustment. #炒币日记

3. Learn to read charts. Learning to trade cryptocurrencies means you must learn to read candlestick charts and understand support and resistance levels. Technical analysis, while not infallible, can help you better judge the timing of buying and selling.

4. Control your position, enter in batches. Don’t buy in all at once! Entering in batches can effectively spread the risk, avoiding funds being trapped at high points. Flexibly adjust your position based on market conditions to lower risk. #Strategy增持比特币

5. Set stop-loss points. No matter how optimistic you are about a particular coin, you must set stop-loss points! Controlling risk and timely stop-loss is key to protecting your principal. Don't hold on to fantasies; once the stop-loss point is reached, sell decisively. $ETH

6. Do your homework. Trading cryptocurrencies is not about listening to others’ tips to make a profit. Understand the project background, team, and technology; don’t blindly follow trends. Only with enough information can you make more rational investment decisions.

7. Be patient. Trading cryptocurrencies is not a game of getting rich overnight. Be patient and don’t operate frequently. Holding quality coins for the long term often yields better returns. $BTC

Follow the account 'Trend Prediction,' and you will get the latest cryptocurrency news and trading tips.