In the current cryptocurrency market, how can one make money?

To be honest, when I open positions now, I basically rely on these few steps:

First, look at the overall trend, not in the sense of staring at the market every day, but observing whether there is a possibility of a fluctuation of over 30%.

As long as there is a potential turning point, get in early and hold the position.

If the market moves as expected, continue to hold and look for opportunities to add to the position.

Here’s a side note: adding to a position is indeed a technical skill. When to add and how much to add must be weighed carefully; if you’re unsure, it’s better not to add.

Because if you add at the wrong time, your mindset can get wrecked, and it becomes hard to stay steady afterward.

If the market doesn’t move as anticipated, either cut losses, hedge, or take profits and wait for the next opportunity.

One problem with this approach is—

You often encounter a situation where the position is up 5 or 10 points, but then it returns to the cost price, and you exit,

It feels like riding a roller coaster, a month of hard work for nothing.

But the core idea is: as long as you catch the right wave, the profit will be substantial.

Especially for those with small capital wanting to grow, the best way is not to chase short-term trades every day,

But to hold onto an amount you can afford to lose, watching for opportunities with a minimum risk-reward ratio of 1:10 or higher.

Once the opportunity arises, go in with high leverage; if it goes wrong, accept the loss and wait for the next chance.

But as long as you get it right, just keep adding to the position all the way,

Doubling or tripling your investment is quite common.

On the contrary, if you’re chasing short-term trades every day, making a few hundred today and just tens tomorrow,

Your perspective keeps getting narrower, and you can only see fluctuations of a few points.