If you want to roll $10,000 into $1,000,000 in the cryptocurrency world, it absolutely relies not on luck, but on solid operational logic.
These 9 practical tips are hard-earned lessons from my losses:
1. Small capital, less fuss
Before your principal reaches $100,000, don’t chase the market every day. Seize one high-certainty trend, and riding that wave is enough. Remember, greed leads to losses.
2. Good news requires timing
Didn’t sell on the day of major good news? If it opens high the next day, you need to exit immediately. In the crypto world, it’s often said that good news realized means the peak is reached; hesitation will only let profits slip away.
3. Reduce positions before news
Before holidays or major news, reduce your position or even go to cash. Wait for the market to clarify before following the trend; it's much more effective than guessing.
4. For medium to long-term, don’t hold heavily
Going all-in as soon as you enter will leave you anxious with any fluctuation. Keep your position light to allow for a buffer; with a stable mindset, you can seize real big trends.
5. For short-term, be fast, accurate, and decisive
Short-term trading is a "lightning war." Seize the opportunity to enter and exit quickly, don’t wait for a "higher point." If the market is wrong, don’t hesitate for even a second, exit immediately.
6. Don’t compete with the market
Don’t rush when the market is slow, and don’t delay when it’s fast. Operations should align with the market rhythm; don’t stubbornly guess the rise and fall. Remember, the market is always right.
7. Stop-loss is your lifeline
If you’re wrong, cut your losses immediately to protect your capital. Holding on stubbornly will only deepen your losses. A stop-loss is not admitting defeat; it’s armor to protect your capital.
8. For short-term, rely on indicators
When trading short-term, 15-minute candlesticks and KDJ are your good friends. They can help you accurately grasp buying points, which is much more reliable than relying on gut feelings.
9. Mindset determines the final outcome
The ups and downs in the crypto market can scare off half the people.
Whether you can make money largely depends on how stable your emotions are.
Don’t let the market lead you; calmness is key to longevity.
The crypto world is never an ATM, but it truly rewards those who maintain discipline. Embed these 9 points into your operations, and you will be one step closer to your first million or even ten million. @星哥狩猎日记
