How 1000u turned into 20 million, 9 years of blood, sweat, and tears fully revealed!

Brothers, as an old timer who has been in the cryptocurrency world for 9 years, I have experienced the darkest moments of life. Liquidation, debt, entangled in online loans, unable to eat well or sleep well, even standing on the rooftop contemplating ending it all. Once, a principal of 200,000 went to zero in one day, while it took me a full 6 years to turn 1000u into 20 million! Today, I am sharing these 6 years of valuable experience without reservation, hoping to help everyone avoid detours in the contract circle and achieve financial freedom as soon as possible.

9 tips for trading cryptocurrencies to help you avoid detours

1. Small capital, steady returns: With a principal of under 100,000, catching a major trend once a day is enough, don’t be greedy, don’t go all in, otherwise, you might lose everything in an instant.

2. Timely profit-taking on good news: When significant positive news appears, if you haven't sold on that day, sell immediately when the market opens high the next day. The moment good news is realized often marks the beginning of bad news.

3. Pay attention to news and holidays: News and holidays have a huge impact on market trends. Before major events occur, adjust your strategy in advance, reduce positions or go flat. If you can't accurately judge the direction, wait until the market is clear and then trade accordingly.

4. Light positions for medium to long-term trades: For medium to long-term investments, ensure you enter with light positions. The market is unpredictable, heavy positions carry too much risk; stability is the long-term path.

5. Quick in and out with short-term trades: The key to short-term trading is to follow the trend and act quickly. Enter at the right point when the trend is clear, and take profits quickly. When the market is dull, patiently wait in cash, avoiding greed and hesitation.

6. Understanding volatility and pullback patterns: Slow market volatility leads to slow rebounds; fast market volatility leads to quick pullbacks. Grasping this pattern helps better seize buying and selling opportunities.

7. Timely stop-loss, don’t hold onto losing positions: If you enter at the wrong point or misjudge the direction, stop-loss immediately. Stopping losses is key to preserving capital; holding onto losing positions will only increase losses.

8. Smart use of the 15-minute K-line chart: Short-term investors must look at the 15-minute K-line chart, combined with the KDJ indicator, to more accurately find entry points.

9. Mindset determines success or failure: There are many techniques and methods for trading cryptocurrencies, but mindset is the most important. The cryptocurrency market fluctuates wildly; maintain a good mindset, avoid greed, and resist being swayed by market emotions.

Trading cryptocurrencies is risky; everyone must formulate investment strategies based on their actual situation. I hope this experience helps you navigate the cryptocurrency world and achieve your financial dreams.