If you have been trading cryptocurrencies for over a year and haven't made 1 million, after reading these 10 key points, if you still can't make money, you can find Sister Yan. After 6 years of trading, I have made 30 million. Remember these 10 key points summarized from my 6 years of trading👇
1. If your capital is not very large, for example, within 100,000, catching a primary uptrend once a year is enough. Never be fully invested all the time.
2. A person can never earn wealth beyond their understanding. First, practice with a simulated account to develop your true mindset and courage. A simulated account can fail infinitely, but in real trading, failing once could mean losing everything and might even push you away from the market.
3. When encountering significant favorable news, if you don't sell on the same day, remember to sell on the third day when it opens high. Favorable news often turns into bad news.
4. When encountering major holidays, reduce your position or even go to cash seven days in advance. Historically, the market tends to drop during holidays.
5. The strategy for medium to long term is to keep enough cash on hand, sell high, buy back during dips, and perform rolling operations as the best approach.
6. Short-term trading mainly focuses on trading volume and patterns. Trade actively rising patterns and avoid inactive ones.
7. A slowdown in decline will result in a slow rebound; a rapid decline will lead to a quick rebound.
8. Acknowledge your mistakes when buying incorrectly, cut losses promptly, and preserve your principal, as this is fundamental to surviving in the market.
9. For short-term trading, always refer to the 10-minute K-line chart. You can find better buy and sell points based on the KDJ indicator.
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