I have summarized 9 practical experiences; once you learn these, you can also achieve your first 1 million in life!
1. If you don’t have much capital, for example, under 100,000, then don't be greedy; catching a big market trend once a day is enough. Don’t think about constantly holding positions; that's impossible!
2. When you encounter significant good news and haven't sold the goods that day, you need to sell quickly the next day if it opens high. When good news comes out, it often indicates the peak, so don’t wait until it drops to regret.
3. The news and holidays are critical to trading. When major events are coming, reduce your positions or go to cash in advance, and wait for the market to clarify before making moves—this way, you can protect your capital!
4. For medium to long-term trading, you should enter the market with light positions to leave yourself some room. Don't start with heavy positions, as that can lead to a crash. Skillful operation and gradual accumulation are the key.
5. Short-term trading emphasizes quick entries and exits; don't get bogged down. Identify the right moment, decisively enter the market, and if the situation is not right, leave immediately. Don't let greed trap you.
6. The market can sometimes be as slow as a snail and sometimes as fast as lightning. You have to follow its rhythm and not think too much on your own.
7. If you get the entry point wrong, you need to stop-loss in time. Don't stubbornly hold on; stop-loss is to protect your capital. Don’t wait until you incur significant losses to regret.
8. In short-term trading, you need to keep a close eye on the 15-minute K-line chart. The KDJ indicator can help you find a suitable entry point—don't miss your chance.
9. The last and most important point is mindset. The cryptocurrency market is highly volatile, and you need to have a strong heart. Don’t let temporary price fluctuations affect your mood; staying calm is essential for long-term success. In summary, trading in the cryptocurrency market is not easy, but if you master these principles, you can also become a winner in life.
If you want to dig deep into the cryptocurrency world but can't find a clue, and you want to quickly get started and understand the information gap, click on my profile and follow me to see the introduction, and gain first-hand information and in-depth analysis!
