Friends who have been trading cryptocurrencies for many years and haven't made 1 million yet, listen to my advice: remember these 10 pieces of valuable information, and if it doesn't work, come find me!
1. Don't mess around with little money! Just seizing one big surge opportunity a year is enough; don't invest all your money, keep some cash for protection, so you can buy more if the price drops.
2. Earn according to your understanding! Don't touch coins you don't understand. Practicing on a simulated account is fine, but when you buy with real money, your mindset is completely different. Learn and understand before taking action.
3. Don't be greedy with good news! If you haven't sold on the same day, sell quickly the next day if the price opens high. Everyone is waiting to sell on good news; a high opening is an opportunity to exit, and if you wait too long, you might get stuck.
4. Reduce your holdings a week in advance for holidays! During holidays, the market has low trading activity, and prices can easily surge or plummet. Don’t take that risk; it’s better to enjoy the holiday in peace.
5. Remember the “buy low, sell high” strategy for medium to long-term operations! Buy in batches when prices drop and sell in batches when prices rise. This way, you can lower your costs while having flexible funds on hand and not fear market fluctuations. $ETH
6. For short-term trading, only choose popular coins! Don’t touch coins with low daily trading volume; if no one is buying them, you’ll be stuck. Follow the varieties with big capital flows; good liquidity means good profit potential. $BTC
7. Remember this rule: coins that decline slowly are likely to recover slowly later; but if there’s a sudden drop, the rebound will be quick. You can seize this opportunity, but don’t be greedy. #币圈
8. Be decisive with stop-losses! If you buy the wrong thing, don’t hold on stubbornly; timely recognition of mistakes and cutting losses is crucial to preserve your capital for future opportunities. Waiting for a break-even might lead to deeper losses. #币圈暴富
9. For short-term trading, look at the 15-minute K-line chart! Focus on the KDJ indicator; sell when it's at the top (overbought) and buy when it's at the bottom (oversold). Combine with MACD and RSI for auxiliary judgment; don’t rely on just one indicator. #比特币
10. Don't learn too many technicals! Mastering two or three indicators, like KDJ and MACD, is enough. Learning too much can be confusing; understanding one indicator thoroughly is more valuable than anything else. #CPI数据来袭
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