How to turn 10,000 units into 1,000,000 units in the cryptocurrency world
It's all about experience. Here are 9 tips ↓ that will help you earn your first 1,000,000 in life
1. If your initial capital is not very large, for example, within 100,000, capturing a major market fluctuation once a day is already sufficient. Do not be greedy; always hold your position!
2. When encountering significant good news, if you don't sell on the same day, remember to sell at the high opening the next day. Good news often becomes bad news when realized.
3. The news and holidays are also very important. When encountering major events, you should make adjustments in advance (reduce your position or even go to cash). Historically, major events inevitably lead to significant market fluctuations. If you are unsure of the direction, then wait for the market to come and follow the trend!
4. A medium to long-term strategy must be to trade lightly, leaving enough room for operations. A steady approach is the best strategy; do not operate with heavy positions.
5. Short-term trading focuses on following the trend, quick entry and exit. Avoid greed and hesitation. In a volatile market, find appropriate entry points, and if the market is inactive, stay in cash and wait patiently.
6. If the market fluctuates slowly, rebounds will also be slow; if the market fluctuates quickly, then the corresponding corrections will be swift!
7. If you enter the wrong position, then cut your losses promptly (do not hesitate to hold onto a losing position). Cutting losses is a form of profit; preserving capital is fundamental to survival in the market.
8. For short-term trading, always check the 15-minute K-line chart. Using the KDJ indicator can help you better capture suitable entry points.
9. There are countless techniques and methods for cryptocurrency trading, but the most important thing is still mindset. A person's mindset is crucial; the cryptocurrency world can easily make you feel the ups and downs, so adjust yourself well. #现货与合约策略