After trading cryptocurrencies for over a decade, if you haven't made 10 million, it's not that you aren't trying hard, it's that you're truly going in the wrong direction!
99% of people don't lose due to the market, but due to their understanding and timing.
The following 10 points are what I learned through failures and paying tuition, which helped me finally reach over 80 million in my account.
① If your capital is small, don’t think about making money every day.
If your capital is under 100,000, catching a major bull market once a year is enough. Those who are fully invested and trade every day eventually become "the fuel for the market."
② First practice in a demo account to train your psychology.
Many people jump in with real money right away, only to find that they panic when they lose and become euphoric when they gain. A demo account is not for practicing skills; it’s for training whether you can still act like a person in the face of greed and fear.
③ When good news comes out, don’t treat it as faith.
Remember an old saying: On the day good news is announced, it’s often the last spike.
If you don’t sell on that day, as long as it opens high the next day: get out first and talk later.
④ Before holidays, cash is king.
Don’t be superstitious! A week before major holidays, reduce your positions or clear them out to avoid a lot of unnecessary losses.
Holidays are often the favorite time for the market makers to "strike."
⑤ Mid to long-term trading isn't just holding; it's rolling.
True mid to long-term experts:
Sell high, buy low, and always keep cash on hand! Just holding without action is not value investing; it’s laziness.
⑥ For short-term trading, only deal with "active coins."
Coins with low trading volume should not be touched, no matter how good you think they are. Short-term trading can be summed up in one sentence: There can be profit only with volatility; without volatility, there are only time costs.
⑦ The rhythm of the decline determines the speed of the rebound.
Slowly dropping → slowly bouncing Rapidly dropping → quickly bouncing
⑧ If you buy wrong, admit it.
Cutting losses is not failure; it’s saving your life. If you lose your principal, you don’t even have the qualification to turn things around.
⑨ For short-term trading, always look at the 15-minute chart.
15-minute candlesticks + KDJ can filter out a lot of emotional noise.
Don’t keep staring at the 1-minute chart; it’s not good for your heart!
⑩ The number of methods isn't important; precision is.
Techniques, indicators, and systems—understanding just two or three throughout your life is enough.
The crypto world isn't about who is smarter; it’s about who can survive longer, make fewer mistakes, and execute decisively.
If you truly want to turn around and get out, don’t rush to get rich; first learn to avoid liquidation.
I have walked this road, and I keep the light on! For those willing to learn diligently, feel free to hop on!
