$BTC From 100,000 to 15 million: 7 painful lessons I learned from trading cryptocurrencies; understanding them earlier could have earned me an extra 5 million!
Brothers, today we won’t talk nonsense, let’s discuss some practical tips. I’m an experienced player who has multiplied my investments by over 1000 times through trading cryptocurrencies, and these experiences are hard-earned lessons from the past few years, each one can save your life.
1. Don’t mess around with small capital; strike once a day
If your capital is under 100,000, don’t go all in every day. Look for one clear opportunity each day, strike, and then call it a day. Spending too long watching the market isn’t making money; you’re working for the platform. Remember: if you hold a position for more than 3 hours, your win rate starts to drop to zero.
2. Good news means risk is coming
When the market hears “XX is listed” or “XX is collaborating,” if you don’t sell that night, you’ll regret it the next day when the market opens high and then crashes. Remember: good news realized = unloading signal. Many people have perished in their fantasies.
3. Always go light or empty before major events
Whenever there’s a Federal Reserve meeting, inflation data, or geopolitical events, the market can go wild. Reduce or clear your positions three days in advance and wait to see the direction before entering; don’t gamble your hard-earned money on uncertainty.
4. Never go all in, even for mid to long-term positions
Even if you are optimistic about a cryptocurrency, don’t put everything in at once. Start with 30% of your capital, and wait for a pullback to add more. Otherwise, if a wave of correction hits, you’ll be the one stuck. As long as you’re alive, there’s a chance to double your money.
5. If the market is flat, it’s better not to trade
Short-term trading relies on “volatility,” with 15-minute candlesticks being crucial. For sharp rises and falls, look at KDJ; if J value goes above 100, prepare to exit, if below 0, look for entry opportunities. If the market is moving sideways? Playing Mahjong is better than trading cryptocurrencies.
6. Be decisive with stop-losses, don’t hold on
If the direction is wrong, **cut it at a 3% drop, no arguments.** Don’t fantasize that “if I wait a little longer, it will bounce back.” Many people go from losing 10,000 to facing liquidation because they were unwilling to take the loss.
7. Mindset is more important than technique
Trading cryptocurrencies can feel like a rollercoaster for 24 hours; making too much can lead to arrogance, and losing too much can lead to despair. If your mindset is chaotic, even if you’re talented, you won’t survive a bull and bear cycle. If your mindset is unstable, take a break; if you hit your target, stop.
These are the hardcore experiences I’ve summarized from years of trading cryptocurrencies; no bragging, no nonsense. In this game, it’s not about luck; it’s about control and execution. If you take this advice to heart, you might be the next lucky one to become wealthy; if you don’t, you’ll continue to pay tuition to the market.
