🚀🚀🚀Brothers and sisters! Brother K rolled from 100,000 to 50 million net assets by trading cryptocurrencies. Today, I'm opening my heart to share some valuable insights. If I had understood these tricks two years earlier!
1. Don't be greedy with small funds! With a principal of 100,000, only seize one key fluctuation per day!
Don't imitate those beginners who stare at the market and trade randomly every day. With a principal under 100,000, you must act like a sniper, waiting for one core fluctuation each day before calling it a day! Hold positions for no more than 3 hours; being greedy is just giving fees to the exchange!
2. Cashing in on good news is a signal that the scythe is about to fall!
When a project releases significant positive news, listen up if you haven’t exited on the same day — no matter how high the opening is the next day, decisively take profits without hesitation! Many people have been harvested by the saying "good news becomes bad news after cashing in"; don’t be the last fool to take over!
3. Reduce positions ahead of major events! Don’t gamble with the market!
For major events like international sports competitions or central bank monetary policy decisions, reduce your positions 3 days in advance! If unsure, stay out and watch! History has proven countless times that major events often bring black swans; waiting for a clear trend before jumping in is 100 times more reliable than blindly gambling!
4. Those who go all in for the medium to long term are confused! Always leave half the position!
Leave half the position! Leave half the position! (Emphasis here) Even if you are bullish on a stock by a hundred times, start with a 30% position and reserve the remaining funds for corrections; otherwise, a 20% drawdown will make you panic and cut losses — remember: as long as you're alive, you have a chance to recover!
5. Short-term trading is a heart-pounding gamble! When the market is sideways, just lie down!
During sharp market fluctuations, closely watch the 15-minute K-line! When the KDJ indicator J value exceeds 100, prepare to take profits; if it’s below 0, consider entering — but remember, when the market is stagnant like dead water, it’s better to drink tea and fish rather than trade, as it wastes energy and depletes your capital!
6. Be decisive with stop losses! Holding onto losing positions is a way to ruin your wallet!
If you make a wrong directional bet, don’t hesitate; a floating loss of 3% must be stopped! Don’t hold onto the fantasy of "rebounding to break even"; many people have held from a loss of 10,000 to bankruptcy at zero. Stop losses are about preserving capital; as long as the green mountains are there, you don’t have to worry about firewood!
7. If your mindset collapses, exit directly!
Don’t get carried away when you profit, thinking you’re a genius; don’t panic and curse when you lose — the cryptocurrency circle can make you feel both ice and fire in 24 hours. I’ve seen too many who made millions and then lost millions. If your mindset is unstable, even if you’re given mountains of gold and silver, you’ll still lose everything!
