All experience compiled into 9 points ↓ Learn to earn your first million in life

1. If your initial capital is not large, for example, within 100,000, being able to catch a big market fluctuation once a day is sufficient, do not be greedy or hold positions all the time!

2. When encountering major positive news, if you do not sell on the same day, remember to sell on the next day when the market opens high. Realizing profit from good news often becomes bad news.

3. The news and holidays are also very important. When encountering major events, adjustments should be made in advance (reducing positions or even going to cash). Historically, major events will lead to significant market fluctuations. If you are unsure about the direction, wait for the market to arrive and follow the trend!

4. The strategy for medium to long-term positions must be to operate with light positions, leaving enough room for operation. A steady approach is the best strategy; do not use heavy positions.

5. Short-term trading emphasizes following the trend, quick entry and exit. Avoid greed and hesitation. In a volatile market, find suitable entry points. If the market is not active, stay in cash and wait patiently.

6. When market fluctuations are slow, rebounds will also be slow. When market fluctuations are fast, corresponding corrections will also be rapid!

7. If you enter the wrong position, be sure to stop loss in time (do not hesitate to hold the position). Stopping loss is a form of profit; preserving capital is the foundation of survival in the market.

8. For short-term trading, you must look at the 15-minute K-line chart. The KDJ indicator can help capture suitable entry positions better.

9. There are countless techniques and methods for trading cryptocurrencies, but the most important is still the mindset. A person's mindset is very important; the crypto world can easily make you feel the ups and downs, so adjust yourself.

I am Wenhua, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you solve confusion and avoid getting stuck, speaking with strength. When you lose direction and don’t know what to do, follow Wenhua; Wenhua will guide you.

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