Friends who have been trading cryptocurrencies for many years without making 1 million, listen to my advice: remember these 10 key points, and if you follow them and still don't see results, come find me!
1. Don't mess around with little money! It's enough to seize a big surge opportunity once a year; don't invest all your money, keep some cash on hand to defend yourself, in case it drops you can buy more.
2. Earn as much as you understand! 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 you act.
3. Don't be greedy with good news! If you haven't sold on the same day, if it opens high the next day, sell quickly. Everyone is waiting to sell on good news; a high opening is an opportunity to escape, and if you're late, you might be stuck.
4. Reduce your holdings a week before holidays! During holidays, the market has no trading, and prices can easily spike or plummet. Don't take this risk; it's better to enjoy the holiday peacefully.
5. Remember the mid to long-term operation of "buy low and sell high"! When it drops, buy in batches; when it rises, sell in batches. This way, you can lower your cost and keep flexible funds on hand, not fearing market fluctuations.
6. For short-term trades, only choose popular coins! Don't touch coins with low daily trading volume; if no one is buying, you'll be stuck once you buy. Follow the flow of big funds; only those with good liquidity can make money.
7. Remember this rule: coins that decline slowly are likely to recover slowly; but if they suddenly drop, the rebound is also quick. You can seize this opportunity, but don't be greedy.
8. Be decisive with stop-losses! If you buy the wrong one, don't hold on stubbornly; recognize your mistake and cut your losses promptly. Protecting your principal gives you a chance to rebound; waiting for a break-even may only get you deeper in trouble.
9. For short-term trading, look at the 15-minute K-line chart! Focus on the KDJ indicator; sell when it reaches the top (overbought) and buy when it hits the bottom (oversold). Combine this with MACD and RSI for auxiliary judgment; don't rely on just one indicator.
10. Don't learn too many technicals! Mastering two or three indicators is enough, for example, KDJ and MACD are sufficient. Learning too much can lead to confusion; understanding one indicator deeply is better than anything else.
It's that simple; the core is two words: "Restraint"— restrain greed, restrain frequent operations, protect your principal and seize big opportunities, which is more practical than anything!