Who hasn't dreamed of turning 'thousands into millions' in crypto? When I first entered the market, I had 8000 yuan in spare cash and rushed in like a headless fly, chasing so-called 'insider benefits', staring at the market every day to trade short positions. In less than a month, I lost all but over 3000, almost giving up all my capital—it's all tears if I say more!
Later, after much pain and reflection, I summarized the lessons learned from my trading records and gradually understood the rules in the crypto derivatives market. Now, my account is steadily at the level of 5 million. As a veteran who has endured in the market for 5 years, I won't beat around the bush today; I will directly share 9 practical insights that beginners can copy, all of which are experiences gained from my hard-earned money!
1. Don't be a 'hardworking leek' with small funds (1-100,000): Capture the core market once a day and stop, don't always think about holding a full position and constantly making profits. I made the mistake of being 'greedy' early on, trading seven to eight times a day, only to find that the money earned was not enough to cover transaction fees, essentially working for the market!
2. When good news is fully released, run quickly: On the day significant positive news is announced, sell if you can; if you miss it that day, leave the market directly the next day when it opens high. Remember, in the crypto market, 'positive news being released' is basically a 'top signal'; don't cling to the fantasy of 'it can rise again', or you may easily be trapped at high positions.
3. 'Reduce positions for risk avoidance' before major events: Before holidays, the release of important global economic data, or significant policy changes in the industry, reduce your positions in advance or even stand aside. Before the situation becomes clear, any operation is a gamble; rather than taking risks, wait until the direction is clear before taking action—being cautious is more important than anything.
4. Build your position 'slowly' for medium to long-term: Don't go all in right from the start, even if you are optimistic about a certain asset, you must gradually add to your position. I have seen too many beginners go all in for medium to long-term, and when the market slightly corrects, they can't hold on and end up cutting losses, watching the market rise while they exit early.
5. For short-term trading, 'get in and out quickly, don't linger': Short-term trading relies on reaction speed, decisively entering at the right moment, and if the market does not meet expectations, do not hesitate to withdraw. Never think 'if I hold on a bit longer, it might rebound'; lingering in short-term trades is a major cause of liquidation, and I suffered greatly from this mistake in the early days!
6. Follow the market, don't follow your feelings: The crypto market changes faster than flipping a book; it could skyrocket one second and plummet the next. You must flexibly adjust your trading strategy and not judge based on 'I feel it will rise' or 'I have a feeling it will fall'; the market is always right, and subjective assumptions will only harm yourself.
7. Stop-loss is the 'lifeline of trading': This point must be emphasized! If you judge the price level incorrectly, stop-loss and leave the market promptly; don't hold on stubbornly. I have seen too many people who couldn't bear to take that small loss, stubbornly refusing to stop-loss, and ended up turning a small loss into a total liquidation, losing everything. Remember, as long as you keep your capital, there is a chance to turn things around.
8. Keep a close eye on the 15-minute K-line for short-term trades: When I trade short-term, I mainly rely on the 15-minute K-line combined with the KDJ indicator to find entry opportunities, which is more precise than looking at daily or hourly charts. Beginners shouldn't start by looking at a bunch of complex indicators; if you master these two, you can seize quite a few short-term opportunities.
9. Mindset determines how far you can go: In trading, at the end of the day, it's all about mindset. Don't let short-term fluctuations lead you astray; don't get overly excited and increase your position when the market rises, and don't panic and cut losses when it falls. I now approach trading with a 'professional mindset', clocking in and out, never staying up late to watch the market, and the calmer I am, the more accurate my judgments are.
Many people treat the crypto market as a casino, entering trades with a gambling mindset, which likely results in significant losses. In fact, it is more like a battlefield testing discipline; as long as you follow trading rules and adhere to the correct methods, even if you can't grow from 8,000 to 5 million like I did, you can significantly increase your probability of profit and steadily grow small funds.
If you are still struggling in trading and feel lost when encountering market conditions, or feel helpless when losing money, and want to learn more practical skills, indicator interpretations, and the latest market dynamics in the crypto market, be sure to follow me. If you currently feel helpless and confused about trading and want to learn more about cryptocurrency and the latest information, follow me@标哥说币 #巨鲸动向 $BTC
