How can you make money in the cryptocurrency market?

Let me first talk about how I usually trade:

I start by observing the overall trend. When I feel that there might be a significant fluctuation in the market, like opportunities over 30%, I patiently wait. As soon as I sense a potential turning point, I enter a position.

If the market moves as I expected, I hold on and look for suitable moments to增加仓位 (increase my position). Finding the turning point in the market may involve some luck, but increasing position size is a technical skill. I have to be especially cautious about when to add and how much to add. If I’m not confident, I’d rather not add because making a wrong addition can easily break my mindset.

If the market doesn’t behave as I expected, I will cut losses, hedge, or take profit and exit, then wait for the next opportunity. This approach has a flaw: many times, positions that could have made a profit of five or six points, or even ten points, end up breaking even. Sometimes, after a month of hard work, I just find myself on a roller coaster ride, cutting losses.

However, as long as I get one wave of the market right, the profits can be substantial. For small capital looking to grow, I believe the best method is to use money that you can afford to lose, and wait for the highest risk-reward opportunities, at least 1:10 or better. There are now many trading platforms with high leverage, where you can directly open positions with forty to fifty times leverage and set stop-loss limits to avoid liquidation.

If you’re wrong, wait for the next opportunity. If you get it right, profit and add to your position. As long as you can seize a wave in the market, your capital can multiply by at least ten to twenty times. Don’t keep trading frequently in the short term, or your perspective will narrow, and you’ll only see fluctuations of a few points.